LIC’s Health Plus
LIC’s Health Plus Table No. 901
LIC’s Health Plus is a Long Term Unit Linked Health Insurance Plan for You and Your Family.
LIC Of India’s Health Plus Summary:
Health is a major concern on everybody’s mind these days. With sky rocketing medical expenses, the possibility of any illness leading to hospitalization or surgery is a constant source of anxiety unless the family has actively provided for funds to meet such an eventuality. Most families rarely provide for healthcare, and even if they do, it is grossly inadequate.
LIC’s Health Plus is a unique long term health insurance plan that combines health insurance covers for the entire family (husband, wife and the children) – Hospital Cash Benefit (HCB) and
Major Surgical Benefit (MSB) along with a ULIP component (investment in the form of Units) that is specifically designed to meet domiciliary treatment (DTB) related expenses for the insured members.
Benefits:
1. Hospital Cash Benefit (HCB):
A daily benefit is payable in case the insured is hospitalized due to either accidental body injury or sickness. The quantum of benefit depends upon the level of the cover opted. Minimum Initial Daily Benefit (IDB)*# is Rs.250 and Maximum is Rs.2500 And for Spouse/Child the Minimum is Rs.250 and Maximum is Rs.1500.
Note: * The Applicable daily Benefit. The IDB is applicable during the first year of then cover. The daily benefit will increase @5% p.a. simple of the IDB on each policy anniversary until it hits a cap of 1.5 times the initial benefit. The IDB of the spouse cannot exceed the Principal Insured’s IDB; The IDB of the children cannot exceed the spouse’s IDB.
#Initial daily benefit that is payable in respect of stay in non-ICU room or ward. In case the insured is required to stay in the ICU of a hospital, an enhanced rate of daily benefit is payable, which is twice the eligible daily cash benefit.
2. Major Surgical Benefit (MSB):
In the event of the insured undergoing one of the major surgeries defined by Life Insurance Corporation Of India, a lump sum benefit (regardless of the actual costs incurred) equivalent to the percentage of the sum assured mentioned against that surgery will be payable on providing proper proof of surgery to the satisfaction of the corporation.
3. Domiciliary Treatment Benefit (DTB):
The Principal Insured can withdraw an amount equivalent to the actual expense he or she has incurred in respect of any domiciliary treatment or to meet the medical expenses incurred over and above the hospital cash/major surgical benefits in respect of either oneself or others insured under the policy.
4. Your Money Grows in Units: (Investment)
The premiums allocated to purchase units will be strictly invested in a Health Plus Fund (Income and Growth – Low Risk).
5. Income Tax Benefit:
Income Tax rebate is available under U/S 80D.
Payment of Premiums:
Regular premium can be paid either in yearly, half yearly or monthly (ECS) installments.
Eligibility Conditions and Restrictions for LIC Of India’s Health Plus:
Minimum Policy Entry – Last Birthday: Principal and Spouse 18 years, Child 3 months.
Maximum Age – HCB Cover – Last Birthday: Principal and Spouse 18 years, Child 3 months.
Minimum Age – MSB Cover – Last Birthday: 18 years for Principal, Spouse and Child.
Maximum Entry - Nearer Birthday: Principal and Spouse 55 years, Child 17 years.
Minimum Annual Premium Conditions:
Single Life: 6 times the HCB of the Principal Insured OR Rs.5000 p.a.
Two Lives: The arithmetic sum of 6 times the HCB of PI and 3 times the HCB of the second insured. OR Rs.7500 p.a.
More than two Lives: The arithmetic sum of 6 times the HCB of PI and 3 times the HCB of each of the others insured OR Rs.10,000 p.a.
The Unique Identification Number (UIN) for LIC Of India’s New Bima Gold Plan is 512L246V01.
How to Apply for LIC Of India’s Health Plus?
Contact your nearest Life Insurance Corporation Of India (LIC of India) Branch/ LIC Agent. Or
Fill the Application form to apply online. (Mumbai only)
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Note:
The above is the product summary giving the key features of the plan. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.
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51 Comments
I am confusing about LIC’s Health Plus HCB, can i get Rs 2500 (a maximum Hospital cash benefit) HCB only paying 10000.00 annual premium?
I am having LIC Health Plus Policy dated 10 Jan 2009. I am having a hole in my Ear, and also the bone in my nose has become bigger. Doctor has adviced me a Surgery in Ear and Nose. So, Will I get the benefit of this policy? Please reply me as soon as possible. Thank You.
I have taken LIC Health Plus Plan (Table 901) but in the entire document no where mentioned under which section of Income Tax the person get benefit of tax exemption. Please clerify.
After reading the information on website of LIC it reveals it is U/sec.80 D but why not mention in document.
hello sir
i want to know that. LIC health plus policy is valid in out of India or not? actually i am going for phd in ireland so i need private medical insurance to apply visa. for this i need private medical health insurance. so want to know that it will be working for me or not?
Pramod
I have purchased health plus plan for me(age 43) and my wife (age 38) 1 year before. The pre. amt is 13500/year. LIC alloted me 721 units. I wish to know how much health insurance charges LIC is deducting from my units every month? My agent said nothing. But it is not possible. I wish to know the fact. Pl. email me the answer.
please sugest me about the heath plan of No.901 & 902 what are it’s benefit
hello sir,
i have purchased lic health plus policy. my early payable is 10000p.a . my agent is not given me full details about the policy i want to know where they are investing the money and my agent told me that after the end of ten years lic will return one lakh amount to me and then invested amount too .. i dont know clearly pl give me the details
My annual premium for LIC’s Health Plus (Table No. 901) is Rs. 9000. How much Tax Benefit Can I have under Sec. 80D & 80C or other Secs.?
Tabrej Reply:
January 6th, 2010 at 5:34 am
Please refer to http://www.mylicindia.com/insurance-plans/tax-saving-benefits/
5. Income Tax Benefit:
Income Tax rebate is available under U/S 80D.
- This is what is given under the heading ‘Benefits’ in Sl. No. 5. Hence it is presumed that Tax Benefit on annual premium of Rs. 9000/=, being paid by me, is available u/s 80D. Please confirm this early.
i cant understand the plan 902. please send lst update and cerculler
Health Plus policy is a Unit liked health insurance policy. Amount paid towards health insurance is covered under Income tax Sec 80D and Amount paid towards investment is covered under Income tax Sec 80C.
My question is What is ratio/ amount Distribution for insurance and investment.
i have paid two premiums for Rs10,000 each.
I want to know details of this plan.
What is the payment patten and and what benifit.
Is it yearly one time payment and for how many years.
suppose 10000 yearly deposit then please send the benifit details
Thanks & Regards
Thulasi
I want to know details of this plan.
What is the payment patten and and what benifit.
Is it yearly one time payment and for how many years.
suppose 6000 yearly deposit then please send the benifit details
Thanks & Regards
sivakumar
My Health plus policy no is 589388776 dt 15.10.2008 But I have not yet received the id cards from TPI.I have also applied at branch office thru’ agent.Please let me know to whom I shall consult.
my policy no.924684569. health plus table 901. I have paid premium Rs.15,000/-. I have already wrote you to clarify me under which section i get income tax benefit for premium of Rs.15,000/-. You have communicated to me on internet that i get benefit u/s.80D of income tax in the month of nov 2009. but i have inquired to some agents/ development officers in respect of the benefit of income tax in this plan table 901, because it is unit linked policy. please clarify at the earlitest. Also give wide publicity in this respect because in pamphalate it is typed that person will get benefit u/s80 D. one development officer told me that it is written in table 901 police that you can surrender it, so part of it is under 80 c and part 80 D. So we can avail the benefit properly. Ialso request you to inform the concern branch managers to suo motu issue certificate in that respect to all policy holders so as to avoid their inconvenience without any application from policy holder.
I want to know details of this plan.
What is the payment patten and and what benifit.
Is it yearly one time payment and for how many years.
suppose 9000 yearly deposit then please send the benifit details
iam taken this polocy december 2009 now i have some proble shall i admit the hospital. if i get the amount or not per day 250/-
any body please send the information about this
Thanks & Regards
shekar menon
In health Plus Table No. 901 if we did not avail any HCB or MCB in policy period can we get deposited premium amount back after maturity?
Sir
I am planning to join LIC Health Plus Plan 902/902, with an annual premium of Rs. 12000. My family deatails is as follows
My self Age 41, Wife Age 32, Son Age 7, Daughter Age 3
Kindly clarify the following
1. The maturity period of the policy
2. If I am not availing myself of any HCB, MSB how much amount/ benefits would I get during maturity
3.If I am availing DTB, what would I Get on maturity?
4.Is the final payment is in any way related to market fluctuations?
5. Which are the major hospitals in which I can approach for treatment under the plan, in Trivandrum, Kerala?
6.How long it will take for the reimbursement of Hospital Bills?
7. As I am a Govt. servant in state, can I avail the tratment benefits under state Govt. parallel to this, as mentioned by my agent?
Sir
I am a Central Government servant. I am planning to join LIC Health Plus Plan 902/902, with an annual premium @ of Rs. 15000/- for Tax Benefit Under 80-D. Pl. send the details regarding 80-D.
I am aged 51 years.
1st Son Age: 22 years
2nd Son Age: 20 years
Pl. clarify the following:-
1. The maturity period of the policy.
2. If I am not availing myself of any HCB, MSB how much amount / benefits would I get during maturity?
3.If I am availing DTB, what would I Get on maturity?
4.Is the final payment is in any way related to market fluctuations?
5. Which are the major hospitals in which I can approach for treatment under the plan in Chennai & Hyderabad?
6.How long it will take for the reimbursement of Hospital Bills?
if health plus plan-901 has been closed. what’s the difference between plan 901 & 902.
i have purchase lic health plus plan for me & my wife ,premium amount is Rs 9000& 6000 in year 2008. i have paid continuing two year premium but i want to close it because process of claim is too lengthy so please tell me what will be the my previous paid premium.
i have healthplus policy no.718821875 for which i have paid premuims of Rs.12500 in jan 2009 and jan 2010 each. still i have not recieved units for above amounts. also what is the current NAV. kindly answer.
I my self aged about 39 years and my spouse is aged about 35 and my son is 3 years old and i want to take LIC health Plus family policy table No. 901.
Pls. send me a detail on my mail address;
about minimum annual premium
what unit we will get
for how many years i have to pay the premium
what return i will get return at the time of maturity.
and at Rs.10000/annum premium how many units we will provide.
and more if any.
Hi,
I want to go with Health plus for me and my parents, i am at 27 years, my father at 56, and my mother at 48, please specify the premium amount ,
Thank you
Sampathdaida
kindly send the present market value that means what is the growth of Health Plus units of my polacy no.843040605 if I want to know the growth of this polacy inform the way
I have Paid 15000 as healthplus policy and get 80D rebate what is maturity benefit
my health plus policy no is 715149588 i have not yet received the id cards from tpi and also i have given the letter to guntur chengalpattu branch office to the concerned officer. Please me know to whom i have consult and also i have not yet received the units allotments details
Respected Sir,
Which is the best ULIP to invest the money and tax benefits and what is the ratio of money for p.a.
I PAID 10000 Rs. First year . in case any condition i got how much money claim for HCB & MSB.
I am Shajahan pk joined lic health plus but i didnt get any benefit frm this,i contact with agents they not give actual directions.i have done a operation then i have get any benefit or otherwise? My p no.776448211.
i have LICs jeevan anand policy and i want to also invest in jeevan saral because of high cover. what u suggest me for tha or i should invest in some else.. ia m 30 years old ans unmarried.
THANKS
Tabrej Reply:
April 20th, 2010 at 1:21 pm
If you just need high cover then go for Term insurance. You can get 50 lakhs cover for approx Rs.21000 yearly premium.
I had deposited Rs.15000/- with LIC for Health Plus (Table-901) on the day of 31-12-2009 through my agent for the health of my entire family .But now my agent inform me that , it has not accepted by LIC . May i know why ? I had a great interest on Health Plus . Also before it i have two other policy of LIC . I want to know How LIC can cheat like this with me ? May i take any legal action for it ? Please inform me .
Thanking You
I have taken LIC Health Plus Policy from August 2009 for self & my wife and my premium value 20,000.00 per year .
Please let me know following,
1. Minimum how many years I have to give premium for getting my money back ?
2. Up to how many years I have to give premium for continuation of the policy ?
3. What is the maturity amount I shall get back after completion of the policy term ?
hi,
I am mohan raj,my age is 22 i want to apply health insurance for my family my father age is 52 and my mother is 46 and i have one brother and his age is 27,which health insurance policy is best for us.. let me know the policy should cover sikness also(like fever,cold…) may i know which one is suit for me.
I had deposited Rs.10000/- with LIC for Health Plus (Table-901) on the day of 29-02-2008 through my agent .is their any chance to receive my money .
Thanking You
While taking my Health Policy, I was told by an LIC Branch Manager of Islampur, Uttardinajpur that there will be a maturity amount which will be payable after 65 yrs of age of PI. But I don’t get it anywhere in the documents and literature of Health Plus Plan-901.So please clarify whether there is a provision of getting any maturity value apart from HSB, MSB and DCB.
Shashi Kumar Choudhury
Is there any provision of getting a maturity value after 65yrs of age
apart from HCB, DCB and SCB under Health Plus-901 plan.I have been told of such benefit at the time of taking the plan but I did find nothing in the literature of health plus.
Shashi Kumar Choudhury
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good policy
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