My Money Mitra

Jeevan Arogya

  • Jeevan Arogya is a unique non-participating non-linked plan.
  • It gives valuable financial protection in case of hospitalisation, surgery etc.
  • Increasing Health cover every year.
  • Lump sum benefit irrespective of actual medical costs.
  • No claim benefit.
  • Flexible benefit limit to choose from.
  • Flexible premium payment options.
  • Benefits offered under the plan are:Hospital cash benefit (HCB)
  • Major Surgical Benefit (MSB)
  • Day Care Procedure Benefit
  • Other Surgical Benefit
  • Ambulance Benefit
  • Premium waiver Benefit (PWB)
  • Eligibility Criteria
    Min. Max.
    Age 18 65
    Maximum Cover Ceasing Age 80 years
    Term 15 years 62 years
    Premium Modes Yearly, Half Yearly

    Cancer Cover

  • The customer has the option of choosing the Sum Insured. The Sum Insured can be fixed, or it can be increased by 10% every year for first 5 years.
  • Early Stage Cancer: 25% of the applicable Sum Insured shall be payable lumpsum. The premiums for next 3 policy years shall be waived off.
  • Major Stage Cancer: On the diagnosis of specified Major Stage Cancer, 100% of applicable Sum Insured shall be payable. This benefit cannot be more than of 100% of applicable Sum Insured. So, you will get only 75% of the applicable Sum Insured in case you have already claimed the 25% of Applicable Sum Insured under Early Stage Cancer.
  • Income Benefit: In addition to the above benefit, Income Benefit of 1% of Applicable Sum Insured shall be payable every month following the lumpsum payment under Major Stage Cancer Benefit. This is the fixed Income benefit which is payable monthly for next 10 Years irrespective of the survival of Life Assured.
  • Premium Waiver Benefit: All the Future premiums will be waived off on the diagnosis of specified Major Stage Cancer.
  • Waiting Period: A waiting period of 180 day will apply from the date of commencement of this policy or from the date of revival. This would mean that no benefit would be paid in case any kind of cancer is diagnosed within 180 Days.
  • Premium Guaranteed for 5 Years: The premiums are guaranteed for a period of 5 years from the date of issuance of this policy. LIC reserves the right to revise the premium after 5 policy years
  • Tax Benefit: Premium paid under this plan is eligible for tax benefit u/s 80D of Income Tax Act.
  • Eligibility Criteria
    Min. Max.
    Age 20 Years 65 Years
    Policy Term 10 Years 30 Years
    Cover Ceasing Age 50 Years 75 Years
    Premium Rs.2400 p.a No Limit
    Basic Sum Insured Rs.10,00,000 Rs.50,00,000