1. PLAN 903 A non-unit linked health benefit plan
LIC’S Jeevan Arogya
PLAN 903
A non-unit linked health benefit plan

2. Health insurance in India
Only a fraction of Indian population has medical insurance.
In absence of adequate health insurance in case of serious illness and hospitalization what are the options available?
Spend from savings
Sell property
Borrow from relatives
Borrow from financial institutions at high interest rates

3. Health insurance in India

4. Why health insurance?
Insurance cost has risen over 150% over the past few decades.
Medical expenses can wipe away your hard earned savings instantly if you don’t have adequate health cover.
Corpus fund collected for retirement/
children’s education/ wedding will dissappear in a very short while in case of an unforseen medical emergency.

6. Do you remember the Ant and caterpillar story ?
The ant knew winter was coming so he worked hard collecting food during summer while caterpillar lazed around and laughed at the ant. When winter arrived, the ant had enough food while caterpillar starved.

7. Moral of the story? Planning is important.
Health benefit insurance is the best way to plan for unforeseen medical emergencies.
When you buy vehicle insurance, you know that it will cover you in the event of an accident.
So why take chances with health?

8. Why LIC’s Jeevan Arogya?
Benefits defined and linked to the size of the policy purchased.
Provides fixed benefits for hospitalization and almost all types of surgical procedures irrespective of actual cost incurred.
Benefit offered by LIC’s Jeevan Arogya is in addition to any other health insurance cover that insured lives may have which is subject to terms and conditions.

9. Key highlights
Plan is available to Principal Insured male or female ,spouse, children, Parents and Parents-in-law can also be covered under the same policy.
4 Main in-built benefits
1) Hospital Cash Benefit (HSB)
2) Major Surgical Benefit (MSB)
3) Day Care Surgical Benefit (DCPB)
4) Other Surgical Benefit (OSB)
Other benefits
1) Ambulance Benefit
2) Premium waiver Benefit (PWB)

10. Hospital Cash Benefit (HCB)

11. Major Surgical Benefit (MSB)

12. Day Care Surgical Benefit (DCPB)

13. Other Surgical Benefit (OSB)

14. Features at a glance
Provides insurance cover for Hospital Charges, Major Surgical Charges, Day Care Surgical Benefit (DCPB) & Other Surgical Benefit (OSB).
Entire family including spouse, parents, parents-in-laws and dependant children can be covered in a single policy.

15. Plan specifications of Table 903
Age at entry
18-65 yrs (PI, spouse, parents & parents-in-law ), (Children)
Cover expiry
Policy anniversary on which the Insured life attains Maximum cover ceasing age
Max cover ceasing age
PI, spouse, parents & parents-in-law – 80 years last birthday Insured dependent children –25 years last birthday
Premium mode
Yly
Hly
Monthly (ECS)
Riders available
Term Assurance Rider
Accident Benefit Rider
Maturity Benefit
No maturity benefit is payable at the end of cover period

16. Tabular Premium rate per 1000/- HCB
Age
Principal Insured
For other major members
In this table rates
have been displayed
for random ages. For
detailed information
on premium for various ages kindly refer to circular on Jeevan Arogya
Male
Female 18 28 36 48 61

17. Riders Term Assurance Rider
Accident Benefit Rider (available for PI and Insured Spouse provided Term Assurance Rider has been opted for)

18. Term Assurance Rider Min Term Assurance SA: Rs [100] in '000's
Max Term Assurance SA: An amount equal to the MSB SA at the time of inception/ inclusion into the policy (i.e. 100 times of Initial Daily HCB) in respect of the insured, subject to the maximum of Rs.25 lakh overall limit taking all term assurance riders under all existing policies of the Life Assured and Term Assurance Sum Assured under other proposals into consideration.
The Term Assurance SA shall be in multiples of Rs.25,000/-.
Min Entry Age: 18 years (completed)
Max Entry Age: 50 years (Nearest Birthday)
Max Maturity Age: 60 years (Nearest Birthday)
Max Term: 35 years

19. Term Rider Premium rates per Rs.1000/- SA
Term = Minimum ( 60-age at entry, 35 )
In this table rates have been displayed for random ages. For detailed information on premium for various ages kindly refer to circular on Jeevan Arogya
Age
Term
Premium 18 35
2.16 24
2.90 32 28
4.68 38 22
6.17 42
7.51 46 14
9.11 50 10
11.32

20. Accident Benefit Rider
Min Accident Benefit SA: Rs[25] in '000's
Max Accident Benefit SA: Amount equal to the Term Assurance SA in respect of the insured, subject to maximum of Rs 50 lakhs overall limit considering the Accident Benefit SA in respect of all existing policies under individual as well as group policies on the life of the insured including the policies taken from LIC & other insurance companies and the Accident Benefit SA under new proposals into consideration.
Accident Benefit SA shall be in multiples of Rs 5,000/-.
Min Entry Age: 18 years completed
Max Entry Age: 50 years (Nearest Birthday)
Max age for cover: 60 years (Nearest Birthday)
Max term: 35 years

21. USP of LIC’s Jeevan Arogya
Quick Cash facility: Advance 50% of MSB amount to PI
No claim benefit : Equal to 5% of initial daily benefit
Auto 5% yly in Applicable Daily Benefit (ADB). (Max 1.5 times of Initial daily benefit.)
Increasing Health cover every year
Flexible premium payment options
Flexible benefit limit to choose from

22. Still thinking?
Don’t forget the greatest benefit
Peace of mind

23. Thank you!!