Special Plans are not your regular life insurance products but an extension of your Health / Mediclaim policies. These plans also provide financial protection to you and your family members in times of medical emergencies. Depending upon the policy that you take you have the option to cover self and family members for a host of ailments OR you may be covered for a specific illness alone.
Why is Health Plan essential?
The benefits provided under such policies are irrespective of the actual expenses incurred and is in addition to any other health insurance / Mediclaim policy that the insured may have. In other words, these plans do not overlap your existing Mediclaim policies but complement them and the insured is free to recover his expenses from the Health Insurance companies also.
Features of Special Plans:
- Coverage for self and family including extended family like parent and in-laws (Only in case of Jeevan Arogya as LIC Cancer Plan is an individual policy).
- Valuable financial protection in case of hospitalisation, surgery etc
- Increasing Health cover every year
- Lump sum benefits irrespective of actual medical costs
- No claim benefit
- Flexible benefit limit to choose from
- Flexible premium payment options
- Tax Benefit entitlement as per the provision of the Income Tax Act 1961.
- Entitlement to defined benefits which are not linked to your actual expenses.