LIC Arogya Rakshak Plan-906 Policy by the Life Insurance Corporation of India (LIC) is a health insurance plan designed to provide financial support for medical expenses.
Health costs can be unpredictable and high, and the Arogya Rakshak plan helps you manage these costs with its fixed benefit structure, which pays out set amounts for specific medical conditions and treatments. It’s a great option for individuals and families looking for a reliable way to prepare for medical expenses without worrying about fluctuating bills.
What is the LIC Arogya Rakshak Plan-906?
The LIC Arogya Rakshak Plan-906 Policy is a non-linked, non-participating health insurance plan. This helps policyholders manage their healthcare costs and provides financial relief when medical needs arise.
Key Features of LIC LIC Arogya Rakshak Plan-906
- Fixed Benefit Payouts: The policy pays fixed amounts for specific medical conditions, surgeries, and hospitalization events, which means you know exactly how much you will receive for each claim.
- Covers a Wide Range of Health Events: From surgeries and hospitalizations to critical illness, the Arogya Rakshak Policy covers a broad array of health situations, making it comprehensive.
- Additional Coverage for Family Members: This policy is designed to cover not only the primary insured but also their spouse, children, and even parents, providing a safety net for the whole family.
- No Claim Benefit: If you do not make a claim during a policy year, a no-claim benefit is added, enhancing the cover for the following years.
- Flexible Premium Payment Options: You can pay premiums monthly, quarterly, semi-annually, or annually according to your convenience.
Why Choose LIC Arogya Rakshak Plan-906 Policy?
- Financial Relief for Medical Costs: The policy ensures you get a fixed payout for each type of medical event, which helps in managing unexpected medical expenses.
- Protect Your Family: The LIC Arogya Rakshak Policy allows you to extend coverage to your loved ones, offering peace of mind that everyone’s health is covered.
- No-Claim Bonus: If you do not claim any benefits in a year, you receive a no-claim benefit, which increases the cover, making it rewarding to stay healthy.
- Flexible Coverage and Renewal: You have the flexibility to choose a coverage amount that suits your family’s needs, and the policy can be renewed over time.
Eligibility for LIC Arogya Rakshak Plan-906 Policy
| Feature | Details |
|---|---|
| Entry Age | Self: 18 to 65 years, Children: 91 days to 20 years |
| Policy Term | 10 to 20 years |
| Premium Payment Modes | Monthly, Quarterly, Semi-Annually, Annually |
Benefits of LIC Arogya Rakshak Policy
The LIC Arogya Rakshak Plan-906 Policy is packed with benefits designed to provide extensive health coverage and financial support when it matters most. Here are some key benefits:
- Hospitalization Benefit: Receive a fixed daily benefit amount for each day you are hospitalized, making it easier to cover expenses.
- Surgery Benefit: If you undergo a specified surgery, the policy provides a fixed payout based on the surgery’s severity.
- Major Surgical Benefit: For more significant surgeries, policyholders receive a larger benefit to help cover expenses and recovery costs.
- Critical Illness Benefit: This policy covers critical illness by providing a one-time payout if you are diagnosed with one of the listed critical illnesses.
- No-Claim Bonus: If no claim is made in a policy year, a no-claim bonus is added, which enhances your coverage amount over time.
How to Apply for LIC Arogya Rakshak Plan-906?
Applying for LIC Arogya Rakshak Plan-906 is straightforward. You can apply by visiting your nearest LIC branch, contacting an LIC agent, or applying online through the LIC official website. Make sure to review all policy details and eligibility requirements, and keep identification documents handy to streamline the process.
FAQs
1. What medical events are covered under LIC Arogya Rakshak?
- LIC Arogya Rakshak covers a wide range of events, including hospitalization, surgeries, and critical illness. Each event has a specific benefit payout based on its type and severity.
2. Who is eligible for LIC Arogya Rakshak Policy?
- Adults between 18 and 65 years can enroll, and children from 91 days to 20 years old can also be covered.
3. What happens if I don’t make a claim in a policy year?
- If no claim is made, you receive a no-claim bonus, which increases your coverage in the following years.
4. Can I cover my entire family under LIC Arogya Rakshak?
- Yes, you can extend the policy to cover your spouse, children, and even parents, providing a comprehensive health cover for the whole family.
5. Does the policy reimburse actual medical bills?
- No, LIC Arogya Rakshak pays a fixed benefit amount for each covered event rather than reimbursing actual bills. This provides financial relief but does not cover full hospital expenses directly.
Conclusion
The LIC Arogya Rakshak Plan-906 Policy is a flexible, fixed-benefit health insurance plan that takes away the financial stress of medical costs by providing pre-set payouts.
With its broad coverage, affordable premiums, and the option to include family members, Arogya Rakshak offers peace of mind for individuals and families. It’s a valuable addition for those looking to secure their healthcare needs without the burden of high medical bills.
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