Plan810

LIC’s Health Plus (Health Insurance Plan)

  • Basic Features: This is a non – linked unique plan to cover the risk of seven major ailments with traditional endowment features:
  • key Features:
    • Fixed Term – 15 and 20 Years.
    • Major illness coverage(Seven illness).
      1. Cancer (Malignant)
      2. Paralytic Stroke resulting in Permanent Disability
      3. Renal failure of Both Kidneys
      4. Coronary artery diseases where bypass surgery is required
      5. Major organ Transplant
      6. Blindness in Both Eyes
      7. Burn (3rd Degree)
    • Paid Premiums are eligible for Income Tax Benefit.
    • Eligible for Reversionary bonus declared by the company.
  • Death Benefit:
    • If Sickness benefit claim is not admitted earlier and the policy is in full force: Sum Assured + Accrued Bonus
    • If Sickness benefit claim is admitted earlier: Balance of 50% of Sum Assured + Accrued Bonus on Full Sum Assured.
  • Maturity Benefit:
    • If Sickness benefit claim is not admitted earlier and the policy is in full force: Sum Assured + Accrued Bonus
    • If Sickness benefit claim is admitted earlier: Balance of 50% of Sum Assured + Accrued Bonus on Full Sum Assured
  • Major illness benefit:
    • on first diagnosis of any of the 7 major ailments mentioned
      1. Immediate payment of 50 % of Sum Assured
      2. Waiver of Subsequent Premiums
      3. Payment of amount equal to 10% of the Sum Assured till date of maturity or the date of death of Life Assured whichever is earlier.
      4. Payment of balance 50% of the sum assured and vested bonus on the date of maturity or the date of death of life assured whichever is earlier.
  • Salient Features:
  • Plan Available for Ages: 18 years(Completed) to 50 Years (Age nearer Birthday)
  • Policy Term: 15/20 Years (Fixed)
  • Minimum Sum Assured: 1 Lac(in multiples of 5000)
  • Maximum Sum Assured: 5 Lac
  • Maximum Maturity Age: 65 Years (Age Nearer Birthday)
  • Premium Can Be Paid: Yearly/Half Yearly
  • Guaranteed Surrender Value, paid up value will be available after 2 full years premiums are paid.
  • Loan: Loan facility available after 3 full years premiums have been paid.
  • Special Surrender value of extended risk cover is allowed after maturity at any time.