lic health insurance for senior citizens
904 LIC Jeevan Arogya is a non-linked Health Insurance Policy which helps individuals to cope up with the rising medical costs. This is a regular premium health plan that provides financial protection if the insured is diagnosed with any of the specified early and/or major stage cancer during the policy period. Benefits like Day Care procedure Benefit, Other Surgical benefits and Premium Waiver Benefit ( PWB) is also dependable upon the daily Hospital Cash Benefit. Firstly, it offers tremendous financial or monetary support to the policy holder if he/she is disabled after an accident resulting in to permanent disability, temporary disability and even an unfortunate death. Hospitalisation due to criminal proceedings, the court of law or war. LIC Act, 1956, with a Rs. These health insurance schemes readily cover any kind of medical expenses incurred by customers. You should consider your personal needs and finances before making any choice. Assistance is also provided for filling up of forms and registration on LICs Customer Portal. The elderly can learn about grants or vouchers for buying prescription medications as well. All Gastro-Intestinal Stromal Tumours histologically categorized as T1N0M0 (TNM Classification) or below and with mitotic count of less than or equal to 5/50 HPFs; All tumours in the presence of HIV infection. A good health insurance plan for senior citizens can save the day and help you to cater to medical needs without financial stress. Treatment for correcting birth defects or congenital anomalies. Easy Procedure to Renew LIC Health Insurance. Parents are also covered under this plan which is the unique proposition of LIC policies. Documents Required to Buy LIC Health Insurance. Allianz Investment Plans, Aadhar The specialists that are part of this program can help seniors understand their health insurance benefits, plans that are available, medical bills and rights. On 1st April, Indiaâs health insurance landscape will change forever with the Irdai-mandated Arogya Sanjeevani Policy coming into effect. Injuries arising due to working in chemical or biologically contaminated environments. In case of the insured's demise while receiving the income benefit, the remaining pay-outs (if any) shall be paid to the nominee. It pays out the benefits only if the insured individual has been diagnosed with cancer. Tax exemption for Health Insurance U/S 80D : The below limits are applicable under Section 80D for Financial Years 2019-20 & 2020-21 (or) Assessment Years 2020-21 & 2021-22. **Discount is offered by the Insurance company as approved by IRDAI for the product under File & Use guidelines #On the basis of your profile, CIN: U74999HR2014PTC053454 Policybazaar Insurance Brokers Private Limited (formerly known as Policybazaar Insurance Web Aggregator Private Limited) Policybazaar is currently registered as a Web aggregator by IRDAI. Thirty days grace perio,d in case the individual has selected annual or half-yearly premium payment modes. The Corporation, which is headquartered in Mumbai, is the largest insurance provider in the country. Treatments taken due to insured’s failure to act on proper medical advise. , IRDA Direct Broker Code: Income tax benefits of up to Rs. It is important to note that health insurance policies taken for senior citizens must suit their particular needs and health conditions. 5 times the DHC in case of a daycare procedure, Maximum 3 times in a year and 24 times during the policy tenure in India. Individuals can renew their cover on the website of the insurance company or by visiting one of the companyâs branches. Company and Agent/Broker Information. Other Surgical Benefit: If the insured individual undergoes a surgery which is not in the specified list, then a daily benefit equal to two timed the Applicable daily Benefit shall be paid for each extended period of 24 hours. Children can also avail this health insurance policy for their entire family and ageing parents. The plan has no specific benefit like LA or FAB like other life insurance plans offered by the company. Over many decades, LIC has surpassed several landmarks and has set a remarkable performance record in the domain of life and health insurance. *The information provided on this website/page is only for information sake. All basic medical costs are covered from doctorâs visits to hospitalization. lakh) Co-Pay 1. It is the early retiree that may have a problem with insurance. Major Stage Cancer: Benefits are payable on first diagnosis of the listed Major Stage Cancer, provided the same is admissible are-. card customer care number, Documents For senior citizens, a health insurance policy has proved to be a boon at such times. This health insurance covers hospitalisation expenses of the insured member during the policy tenure. The possibility of having medical issues increases with age and might require serious medical attention. The following are the exclusions under which the LIC Jeevan Arogya Health Insurance Plan will not pay any benefit to the insured person: LIC health insurance plan is named as LIC’s Jeevan Arogya Plan which is a unique non participating non linked plan. Copyright © 2020 coverfox.com. No claim benefit: A no-claim benefit, which is equal to 5% of the initial daily benefit, is payable if no claims are made between the date of policy commencement and next automatic renewal date or between two automatic renewal dates. Premium Waiver Benefit: All future premiums will be waived from the next policy anniversary and the cover shall be free from all liabilities, except to the extent of income benefit as mentioned above. Learn about health insurance. One can call at 1251 from any MTNL/ BSNL number and for others the same number can be contacted by dialing the STD code. Major Stage Cancer: A malignant tumour characterized by the uncontrolled growth and spread of malignant cells with invasion and destruction of normal tissues. The following documents needs to be submitted along with the filled up LIC claim form and Doctor’s Certificate: LIC life insurance Customer Zone provides services exclusively to its customers like change of address, releasing premium paid certificate, acceptance of certificate for pension policies, resolving any policy related questions. Under the online mode, an individual will have to enter policy information on the website of the insurance company and then proceed to make the payment. Other surgical benefit: If the insured undergoes a surgery that is not listed under major surgical benefit or day care procedure benefit, which results in the individual's hospitalization to exceed a continuous period of 24 hours, a daily benefit equal to 2 times the applicable daily benefit is payable for each continuous period of 24 hours or part thereof. Written By: PolicyBazaar - Updated: 20 November 2020, Follow, like, tweet or post. You need to submit your medical bills for your claim to be accepted and processed. In this plan you can cover yourself, spouse, children, parents as well as mother-in-law and father-in-law. What Is Not Covered Under LIC Jeevan Arogya? 4000, Documents required to buy LIC health insurance for senior citizens. Medicare Advantage Plans are health care options provided under Medicare Part C of the Medicare program. Secondly, the degree of injuries or enormity doesn’t matter, minor injuries are also usually cover under the plan. Life insurance for senior citizens is available for different age categories, viz. Any experimental surgery or treatment undertaken. Of course the premiums are also adjusted accordingly, but the peace of mind these plans provide is a small price to pay. Self-harm, attempted suicide and/or the use or misuse of any drugs or alcohol and complications resulting from it. Address Proof - Aadhaar card, Passport, Driving license, etc. LIC has sent proposal to Axis Bank which says to sell LIC's products through their branches. LIC Jeevan Arogya in Hindi > Summary of LIC Jeevan Arogya Plan - Table No. (Maximum 100 times the DHC). Birth defects, genetic or congenital disorders. Features of LIC Health Insurance - Jeevan Arogya, Benefits of LIC Health Insurance - LIC Jeevan Arogya. Thyroid cancers histologically categorized as T1N0M0 (TNM Classification) or below; Chronic lymphocytic leukaemia below RAI stage 3. Within 30 days from the date of discharge, the insured has to provide the Corporation with written notification of a claim in the forms prescribed by LIC and along with the supporting evidence. Not only is the entry age restricted to 65, but the cover is also capped at Rs 5 lakh, way too low for senior citizens living in big cities. Diet and changing lifestyle have an undesirable impact on our health and senior citizens are more likely to be affected by health disorders. Box No â 19953, Mumbai â 400 021 IRDAI Reg No- 512 Lump sum benefit, irrespective of actual medical expenses, Two benefit options: Level Sum Insured and Increasing Sum Insured, Chronic Lymphocytic Leukaemia - early stage. Premium and age band âI chose to buy health insurance from LIC since it is one of the most trusted brands in the country. Senior citizen health insurance plans Senior citizen health insurance plans are exclusively for seniors who look to meet high medical costs during hospitalisation by paying a premium each year to the insurer who pays the sum insured in case of medical treatment. LIC has crossed many milestones and has set exceptional performance records in various aspects of life insurance business. ... Health plans are important for Seniors. ), Certificate issued by the hospital or discharge summary. It functions today with 8 zonal offices, 113 divisional offices, 2048 fully computerized branch offices, 1381 satellite offices and the Corporate office. Injuries arising out of involvement in criminal activities. Coverfox Insurance Broking Pvt. Any claim arising as a result of any pre existing disease or their resultant complications unless otherwise mentioned in the proposal form which has been accepted by the company. 50% of sum assured during hospitalization. Health insurance is a vital tool to take care of medical expenses during this stage of life for senior citizens. Plan Name Entry Age (years) Renewal Allowed Max. In India, one has the liberty to buy a health insurance plan specific to his/her needs. Mantri Vaya Vandana Yojana, PNB Attested photocopies of the Hospital bills with breakup of charges. Expenditure arising out of organ donation. Documents required to make a claim on LIC Jeevan Arogya Plan: Documents Required to make a claim on Cancer Cover: In case of any queries, individuals can reach out to LIC by dialling on their toll-free number 18004259876 or call centre at 022 6827 6827. Usually, we believe that senior citizen health insurance plans come with capping, high health premiums and do not offer adequate coverage features. Box No â 19953, Mumbai â 400 021 IRDAI Reg No- 512 LIC Cashless claims can be either for planned hospitalization or for emergency admission. Payment of compensation due to prolonged child birth or pregnancy. If Axis Bank starts selling the LIC products, it would be an opportunity that could show the way to several tie-ups in the future as a new rule allows banks to tie up with more than one insurance company. The documents include: Identity Proof - PAN card, Aadhaar card, Passport, etc. Five crores contributed from the government of India. Medical insurance for senior citizens provides such individuals with financial benefits besides offering monetary help in case of unforeseen medical emergencies. This could be a disadvantage for some insurance companies who have an alliance to sell their products exclusively for example MAX. Medico Legal Certificate (MLC) in accidental cases. Having a health insurance policy is a must in this day and age when one considers the high cost of quality healthcare. Income Tax Benefit - Health Insurance Premiums paid upto Rs 15000/- for normal residents and Rs 20000/- for Senior Citizens are allowed for a deduction from the taxable income each year under section 80D. In this plan you can cover yourself, spouse, children, parents as well as mother-in-law and father-in-law. Maximum age permitted for enrolment is 75 years, whereas the maximum age of coverage is 80 years. 1000 to Rs. Health insurance for senior citizens is basically for individuals who are above 60 years of age. The policy options from LIC provide higher coverage at affordable rates, making it easy for individuals of all walks to avail health insurance. The Oriental health insurance for senior citizens plan is designed for senior citizens above 60 years of age and is available for sum insured ranging from â¹ 1 lakh to â¹ 5 lakh. Illness arising out of HIV/AIDS and related diseases. If you are 65 or older, you have a few different ways to obtain senior medical insurance. For package treatment, details of package bills. Injuries arising due to prolonged pregnancy. Metlife Investment Plans, Bajaj Discharge card with details of treatment received, diagnosis and investigation done as well as the correct date and time of admission and discharge from hospital. Following are the list of exclusions under LIC health insurance for senior citizens: Eligibility criteria apply to LIC health insurance for senior citizens. Axis Bank says they cannot respond on the matter as the insurance industry is showing a shift in the way it sells insurance policies. ), Age proof (Birth certificate, passport, driving license, etc. Compensation in case of death, Injury, disablement, illness disease, hospitalization of the insured person due to or arising out of , directly or indirectly due to. In the first year of cover commencement, the applicable daily benefit shall be the initial daily benefit amount chosen by the insured. Treatments arising due to failure to act upon sound medical advice. This is a special policy that aims to cover senior citizens against hospitalisation and critical illness expenses. IRDA/ DB 556/ 13 , Valid till: 26/12/2022, Following is the list of documents to make a successful claim under LIC health insurance plan. LIC Jeevan Arogya is designed for individuals as well as people above the age of 60. One has to choose the level of Health cover which means the amount of Initial Daily Benefit as per the requirement from Rs 1000/ day, Rs 2000/ day, Rs 3000/ day and Rs 4000/ day. Non-melanoma skin carcinoma, unless there is proof of metastases to lymph nodes or beyond; Malignant melanoma that has not caused invasion beyond the epidermis; Tumours of the prostate, unless histologically categorized as having a Gleason score higher than 6 or having progressed to at least clinical TNM classification T2N0M0. 4,000. Non-invasive papillary cancer of the bladder histologically described as TaN0M0 or of a lesser classification. Any STD or any condition caused or associated with HIV or any Syndrome or condition of a similar kind, commonly referred to as AIDS. Citizen Health Insurance, Pradhan Hospitalisation expenses or surgery for organ donation by a donor. Cost of hospitalisation, medicines, and medical treatments are rising at a rapid rate. LIC Jeevan Arogya Plan NO 904 LIC Jeevan Arogya plan is a non-linked Health Insurance Policy which helps individuals to cope up with the rising medical costs. Damages arising out of self-inflicted injuries. Gifting health insurance to your aged parents or senior citizens in the family is the best way to care for their needs. Medical health insurance policies can be used not only by private concerns but also under state and government. Children are insured up to age 25 years. Day Care Procedure Benefit: Due to medical needs, if the insured is undergoing any day care procedure under this plan, a lump sum amount equal to 5 times the applicable Daily Benefit shall be paid, irrespective of the actual costs incurred. All Rights Reserved.. Insurance is the subject matter of solicitation.Visitors are hereby informed that their information submitted on the website may be shared with insurers. Weâll stick to the main types of plans that would be suitable for senior citizens over the age of 55. Twice the DHC is payable in case of hospitalization of more than 24 hours when the insured undergoes a surgery other than the included in MSB. 5) Oriental Insurance â Health of Privileged Elders (HOPE) â Senior Citizens policy This product is designed for Senior citizens above 60 years of age This policy offers cashless benefit or reimbursement for hospitalization expenses due to illness or accident. Bajaj Allianz is a brand that is known to come ⦠The regulator forced banks to go for up to three bank alliances. The following benefits are payable under LIC Cancer Cover: Early Stage Cancer: Benefits are payable on first diagnosis of any one of the listed Early Stage Cancers, provided the same is admissible are -, Lump sum benefit: 25% of Applicable Sum Insured shall be payable. Premium needs to be chosen which depends primarily on the age, gender, the health cover option that one has chosen and the mode of payment. LIC Jeevan Arogya is designed for individuals as well as people above the age of 60. Cosmetic, circumcision or aesthetic treatments, gender change surgery and plastic surgery. Major Surgical Benefit: In case the policyholder has to undergo a surgery due to accidental injury or illness, then the respective benefit percentage would be paid to the policyholder as long as the surgery or illness is covered under the health insurance policy. Coverage offered: A daily hospitalisation benefit of Rs. 2,000; Rs. This is especially so if you are in good health (it will be less expensive the healthier you are overall). Dental treatment or surgery of any kind, unless required by Accidental Bodily Injury. Approval for registration as an Insurance Broker is pending with the IRDAI. 50,000 as they are permissible for deduction from your taxable income every year under Section 80D of the Income Tax Act, 1961. The plan covers all kind of surgeries which includes Day Care treatments as well. Day Care Procedure Benefit: In case the day care procedures fall under the health insurance policy, a lump sum amounting five times of such daily benefit would be paid to take care of the insured's medical needs. Users can also SMS LICHELP
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