LIC Arogya Rakshak Health Insurance Plan: Compare & Buy Online

LIC Arogya Rakshak Health Insurance Plan

LIC launched Arogya Rakshak benefit-based health insurance plan. The policyholder gets a pre-defined lump sum amount at the time of hospitalization or surgery and a fixed health insurance cover against certain specific diseases. Moreover, it ensures timely medical support to the insured and his family to meet the financial burden during medical emergencies.

What is LIC Arogya Rakshak Plan?

LIC Arogya Rakshak is a benefit-based non-linked and non-participating health insurance plan unveiled by the Life Insurance Corporation of India. It is not a comprehensive medical insurance policy as it works only against certain specified health risks. However, it is an individual health insurance plan with regular premium payment modes. The policy details and eligibility criteria are mentioned below:

Eligibility Criteria

Criteria	Specifications
Minimum Entry Age Criteria	Adults: 18 years Children: 91 days
Maximum Entry Age Criteria	Adults: 65 years Children: 20 years
Policy Type	Non-linked, Non-participating health plan
Coverage Type	Individual/Family Floater
Rider Benefits	New Term Assurance Rider/Accidental Benefit Rider

Key Features of LIC Arogya Rakshak Health Insurance Plan

Some of the key features and benefits that the policyholder can avail under the LIC Arogya Rakshak policy are given below:

LIC Arogya Rakshak plan offers a flexible benefit limit for the applicant to select from
This policy offers coverage against some specific illnesses
A pre-defined lump sum amount is paid at the time of claim irrespective of the actual cost
The coverage is provided on both individual and family floater policy.
LIC Arogya Rakshak plan also provides flexible premium payment options
The members you can cover under this policy include your spouse, children, and parents.
The entry age for adults is 18-65 years and for children, it ranges from 91 days-20 years
The coverage period for principal insurers, spouses, and parents goes up to 80 years, and for children up to 25 years

Inclusions of LIC Arogya Rakshak Health Insurance Plan

The inclusions or the coverage benefits under the LIC Arogya Rakshak plan are listed as under:

Hospitalization/Surgery Cover-LIC Arogya Rakshak policy pays a Lumpsum amount for expenses incurred during hospitalization and medical surgeries
Premium Waiver Benefit-If the insured members need to undergo a surgery falling under Category I / Category II then premium waiver benefit can be availed. It is also available in case of unfortunate death of the policyholder.
Ambulance Cover-Even the ambulance expenses required during the treatment are covered under this LIC health plan
Auto Sum-up Benefit-To enhance the coverage benefits there is an option to avail of options Auto Sum-up Benefit and No-Claim-Benefit.
Rider Benefits-Two rider benefits that you can avail by paying an additional premium include LIC’s Accident Benefit Rider and LIC’s New Term Assurance Rider
Tax-saving on the Premium Amount-The premium paid by the policyholder is exempted from tax deduction under Section 80D.

Exclusions of LIC Arogya Rakshak Health Insurance Plan

The LIC Arogya Rakshak plan includes the following exclusions for which the claim cannot be filed:

Any injury due to war, naval or military operations, participation in riots, etc.
Criminal or illegal acts
Natural calamities like earthquakes, floods, etc.
Self-inflicted injuries or attempted suicide
Participation in dangerous sports like racing, scuba diving, bungee jumping
Abuse of drugs, alcohol, or intoxicants
Congenital conditions
Plastic surgery, unless necessary for accidental injury treatment
Treatment for STDs like HIV/AIDS is not covered
Infertility or sterilization
Dental treatment

For more details regarding this plan and for purchased related queries you can speak to our team at 1800-708-8787 and write to us at care@policybazaar.com

FAQs

Q1. What is the minimum entry age to buy LIC Arogya Rakshak policy?

The minimum entry age to buy LIC Arogya Rakshak medical policy is 18 years for adults under which the minimum age for children is 91 days.
Q2. What is a non-linked and non-participating health insurance plan?

A non-linked and non-participating health insurance plan like LIC Arogya Sanjeevani is an insurance scheme that is not linked to the market or stocks. It is a pure benefit-based plan.
Q3. What are the benefits of buying LIC Arogya Rakshak policy?
The benefits of buying LIC Arogya Rakshak policy are as follows:
- Hospitalization/Surgery Cover
- Premium Waiver Benefit
- Auto Sum-up Benefit and No Claim Benefit
- Ambulance Cover
- LIC’s Accident Benefit Rider and LIC’s New Term Assurance Rider Benefits
- Tax-saving on the Premium Amount
Q4. Are surgery expenses paid under the LIC Arogya Rakshak policy?

Yes, LIC pays for surgery expenses in Lumpsum under the Arogya Rakshak medical insurance plan.
Q5. Can I buy the LIC Arogya Rakshak policy online?

Yes, you can buy the LIC Arogya Rakshak policy online. For more details, you can speak to our health insurance experts at 1800-708-8787 or write to us at care@policybazaar.com
Q6. Who can buy the LIC Arogya Rakshak policy?

Individuals within the age group of 18-65 years can buy this Arogya Rakshak policy by LIC India.