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Home Personal Finance Arogya Rakshak is a great plan of LIC, know what are its...

Arogya Rakshak is a great plan of LIC, know what are its benefits

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Life Insurance Corporation of India (LIC) launched a new plan named Arogya Rakshak last month.

It is a non-linked, regular premium and individual health insurance plan. The plan provides assured benefit health insurance cover against certain health risks and provides timely assistance in case of medical emergencies. With this policy, the insured and his family will get a lot of financial freedom in difficult times. One can insure himself/herself (as Principal Insured (PI)), his/her spouse, all children and parents under this policy and this is the most important feature of this policy.Also Read: Jio 444 plan is more beneficial than Rs 447 plan here is how you can get 64GB extra data and benefit




This is the age limit

The age limit for this scheme is 18 years to 65 years for the principal insured (i.e. you)/spouse/parents. Whereas the age limit for children is from 91 days to 20 years. The cover period available for PI/spouse/parent is up to 80 years and up to 25 years for children. Know more about all the benefits of the plan.Also Read: NPS can give higher returns than PPF or FD you have to invest in equity corporate bond or alternative asset

These are the benefits of Arogya Rakshak

There are many flexible benefits of Arogya Rakshak, from which you can choose them according to you. These include flexible premium payment options, valuable financial protection in case of hospitalization or surgery, lump sum benefit for any medical expenses, enhanced health cover through auto step up benefit and no-claim benefit.Also Read: How to make LIC premium payment through Paytm

Know another big advantage

If more than one family member is covered under this plan, then in case of unfortunate death of the main life insured (the policyholder at the inception of the policy), premium is waived for the other persons insured under the policy. The plan also offers the benefit of premium waiver for one year in case any of the insured undergoes a surgery.

See you extra riders

Riders like LIC’s New Term Assurance Rider and LIC’s Accidental Benefit are available under this plan. Similarly, under LIC Jeevan Labh policy, if the policyholder dies before maturity, then the family gets a lot of help from this policy. If the policyholder survives, he/she will be given a lump sum amount. You can also take a loan against this scheme. Death benefit, bonus or additional bonus, if any, is paid if the policyholder dies during the policy term and all premiums have been paid.Also Read: How to translate a message on WhatsApp without opening the translator




Know more policy details

LIC’s Jeevan Umang insurance policy is quite famous. In this policy, you will be given a Guaranteed Survival Benefit equal to 8% of the Basic Sum Assured every year after the last premium you pay. This amount will continue to be given till the age of 99 years. Then if he survives till the age of 100, then maturity benefit will also be available. On the death of the policyholder, the nominee will get the money.Also Read: How to transfer Rs 10 lakh bank-to-bank through Paytm

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