Best LIC Medical Health Insurance Policy in India 2015 : Are you shattered with huge medical expenses? Recently, Life Insurance Corporation (LIC) has inaugurated a peculiar health insurance plan which can give you peace of mind. Unlike other medical plans; this LIC Medical Health Insurance will surely secure you from critical illnesses and unwanted hassles. In our previous health Insurance article we were discussing about health insurance that covers whole family.
In the same sense, LIC provides you a long term health insurance plan which really helps families who are inadequate; this plans benefits for families who aren’t active in case of funding or expenses.
Here’s the link that deeply explains about LIC Medical Insurance Policy – Today, we here at My Health Tips Online will be discussing about LIC Medical Health Insurance Policy In India.
Key Features of LIC Medical Health Insurance
The beauty of this plan is with only one policy one can cover or include or get life insurance for entire family members. Are you shocked? But this is true!!
As You Said Entire Family Members; Then Who Are They?
Yes! I said. They are Spouse, Kids, Parents and parents in law.
Why I Have To Cover Life Insurance?
Certainly, you have to do! As you started asking me with why? It’s my pleasure to answer to your query. Yeah!! We all know the fact that Health Insurance is must and should for the only reason that all the medical cost and other health care expenses are inclined vertically (what I mean to say is Sky Rocketed).
On the other side, there is a vast increase in medical facilities and chances are that the life expectancy is guaranteed.
So, with this advancement; Individuals and family members started realizing the significance of health insurance but, yet for someone it is still bit confusion due to the fact that other plans of health insurance. After all we highly recommend you to go with this LIC Medical Insurance Policy.
Although, it is insurance companies who used to provide life insurance and now it is same company started Promoting Health Insurance for whole family members.
Who Can Insure Under LIC Medical Health Insurance?
As we discussed above –With only one policy you can cover our entire family for all critical illness.
- Minimum policy entry age is 18
- Minimum age for HCB cover is 18
- Minimum age for MSB cover is 18
- Maximum entry age is 55
- Mode of payment is Yearly, Half Yearly & Monthly this is for ECS Mode only.
- For single lives the minimum annual premium conditions is 6 times the HCB of the Principal Insured OR Rs.5000 per annum.
- For Two lives the minimum annual premium conditions is arithmetic sum of 6 times the HCB & 3 times the HCB of assured second assured.
- For more than two the minimum annual premium conditions is arithmetic sum of 6 times the HCB & 3 times the HCB of each the other assured.
Additional Benefits of LIC Medical Health Insurance
Yes!! Benefits will be 200 times of the HCB you choose.