You need to submit your medical bills for your claim to be accepted and processed. Life insurance for senior citizens is available for different age categories, viz. ... Health plans are important for Seniors. The policy pays out a lump sum benefit, irrespective of the actual medical costs incurred on treating an insured’s illness or injury. For package treatment, details of package bills. The following documents needs to be submitted along with the filled up LIC claim form and Doctor’s Certificate: LIC life insurance Customer Zone provides services exclusively to its customers like change of address, releasing premium paid certificate, acceptance of certificate for pension policies, resolving any policy related questions. ), Address proof (Aadhaar card, utility bills, voter ID, etc. Health is the first companion that starts forsaking senior citizens and drag their hard-earned savings with it. ), Certificate issued by the hospital or discharge summary. The company functions today with its eight zonal offices, 113 divisional offices, 2048 branch offices, 1381 satellite offices, and the corporate office. Documents Required to Buy LIC Health Insurance. Treatments taken due to insured’s failure to act on proper medical advise. Written By: PolicyBazaar - Updated: 20 November 2020, Follow, like, tweet or post. Major Surgical benefit: Due to accidental injury or sicknesses, if the insured individual undergoes a surgery within the plan period, then the respective benefit percentage for the eligible surgeries will be paid. However, the availability of life … ... How to apply for a license for individual resident license, individual non-resident license, and business entity licenses. Users can also SMS LICHELP to 9222492224 or SMS LICHELP to 56767877. This could be a disadvantage for some insurance companies who have an alliance to sell their products exclusively for example MAX. One can call at 1251 from any MTNL/ BSNL number and for others the same number can be contacted by dialing the STD code. Term Life Insurance. Advantages you get under LIC health insurance policy: Inclusion of LIC health insurance for senior citizens. “I chose to buy health insurance from LIC since it is one of the most trusted brands in the country. Most Americans get health insurance from their employers and lose that coverage when they retire. Birla Health Insurance, Senior ), All About LIC - Life Insurance Corporation Company. 2,000; Rs. Policybazaar will help you to compare LIC Jeevan Arogya insurance plan benefits, features and premium to buy best LIC health insurance policy at ease of one click. Medico Legal Certificate (MLC) in accidental cases. IRDAI/WBA21/15 Valid till 13/07/2021. An individual will have to submit certain documents to avail LIC Health Insurance Policy. Assistance is also provided for filling up of forms and registration on LICs Customer Portal. 38% of senior citizens are obese. Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001, IRDAI Web aggregator Registration No. The diagnosis must be supported by histological evidence of malignancy. (Minimum 24 hours hospitalization required). Payment of compensation in case of injury, death, disablement, hospitalization of the insured person due to or arising out of , directly or indirectly due to war irrespective of planned or unplanned, invasion, act of foreign enemy, rebellion,  hostilities, civil war, martial law, revolution, insurrection, military or usurper power, civil commotion, seizure, riot or capture , arrests, restraints and detainments. LIC was formed by an Act of Parliament, viz. These plans are approved by Medicare, but sold and serviced by private insurance companies. No claim benefit: A no-claim benefit, which is equal to 5% of the initial daily benefit, is payable if no claims are made between the date of policy commencement and next automatic renewal date or between two automatic renewal dates. Over many decades, LIC has surpassed several landmarks and has set a remarkable performance record in the domain of life and health insurance. In India, one has the liberty to buy a health insurance plan specific to his/her needs. Covers up to 140 major surgeries. 06 Registration Code No. Premium needs to be chosen which depends primarily on the age, gender, the health cover option that one has chosen and the mode of payment. The plan has no specific benefit like LA or FAB like other life insurance plans offered by the company. Thyroid cancers histologically categorized as T1N0M0 (TNM Classification) or below; Chronic lymphocytic leukaemia below RAI stage 3. Injuries arising due to working in chemical or biologically contaminated environments. Any claim arising as a result of any pre existing disease or their resultant complications unless otherwise mentioned in the proposal form which has been accepted by the company. Non-invasive papillary cancer of the bladder histologically described as TaN0M0 or of a lesser classification. Premium Waiver Benefit: All future premiums will be waived from the next policy anniversary and the cover shall be free from all liabilities, except to the extent of income benefit as mentioned above. A health insurance plan plays an essential role in the insurance portfolio, especially for senior citizens. LIC Cashless claims can be either for planned hospitalization or for emergency admission. If the insured is unable to do so, his or her relative can reach out to the LIC branch and intimate them about the incident. LIC Jeevan Arogya is designed for individuals as well as people above the age of 60. LIC Act, 1956, with a Rs. 1,000; Rs. 30 days for annual and semi-annual premium payment. LIC Jeevan Arogya Plan is non-linked LIC health insurance plan offered by Life Insurance Corporation of India, provides a full financial security when it comes to insurance in terms of health and life. Premium Waiver Benefit: Premiums for next three policy years or balance policy period, whichever is lesser, shall be waived from the policy anniversary coinciding or following the date of diagnosis. Age: Age plays an important role while buying a health insurance policy for senior citizens. Top 5 Health Insurance Plans for Senior Citizens on the basis of Coverage S.No. Benefits like Day Care procedure Benefit, Other Surgical benefits and Premium Waiver Benefit ( PWB) is also dependable upon the daily Hospital Cash Benefit. All Rights Reserved, Aditya Discharge card with details of treatment received, diagnosis and investigation done as well as the correct date and time of admission and discharge from hospital. Health insurance is a vital tool to take care of medical expenses during this stage of life for senior citizens. Copy or Summary of surgeon's operation notes where surgical intervention done (in case the claimant has undergone a surgery). LIC Senior Citizen Scheme Life Insurance Corporation of India (LIC) is one of the leading life insurance companies in India that provides a range of insurance policies to its customers, irrespective of their age. If the insured person is injured or fall sick due to consumption of alcohol or drugs or narcotics without professional advise of the Doctor. Coverfox Insurance Broking Pvt. Income tax benefits of up to Rs. 5 times the DHC in case of a daycare procedure, Maximum 3 times in a year and 24 times during the policy tenure in India. Life Insurance Corporation of India – Corporate Office : Yogakshema Building, Jeevan Bima Marg, P.O. In case of the insured's demise while receiving the income benefit, the remaining pay-outs (if any) shall be paid to the nominee. We Would love to interact with you, LIC wants Axis Bank to sell its Insurance Policies, Best Health Insurance Plans for Senior Citizens. Company and Agent/Broker Information. It is the early retiree that may have a problem with insurance. Contamination by radioactivity or Ionizing radiation from any nuclear fuel or nuclear waste. Some of The Exclusions Under This Policy Are: What Is Not Covered Under LIC Cancer Cover? For any complains or grievances, one can contact to CRM Grievance Redressal Officer on the telephone numbers as mentioned in the company website. LIC Jeevan Arogya in Hindi > Summary of LIC Jeevan Arogya Plan - Table No. Illness arising out of HIV/AIDS and related diseases. Tumours histologically described as carcinoma in situ, benign, premalignant, borderline malignant, low malignant potential, neoplasm of unknown behavior, or non-invasive, including but not limited to: Carcinoma in situ of breasts, Cervical dysplasia CIN-1, CIN -2 and CIN-3. LIC, which receive less than 5% premium income from banks, would make more benefit if Axis agrees as it is key growth drivers. Claim form duly signed with original policy document, Hospital Treatment certificate/discharge summary, Confirmatory investigation reports like radiology, histology and laboratory evidence, Day care expenses arising out of technological advancements, Ambulance charges are covered under LIC health insurance for senior citizens, Lump sum benefit regardless of actual medical costs, Considerable financial coverage in case of hospitalisation and surgery, All types of operations, including day care treatments, are covered under the health insurance policy, Critical illness rider is offered with the plan along with critical illness being covered. Bajaj Allianz is a brand that is known to come … Children are insured up to age 25 years. Maximum age permitted for enrolment is 75 years, whereas the maximum age of coverage is 80 years. However, the cashless facility is available where the TPA is associated with the network hospitals. Documents Required to Claim LIC Health Insurance. The company is presently headquartered in Mumbai and is the largest insurance provider in the country. LIC offers two types of health insurance products, namely LIC Jeevan Arogya and LIC Cancer Cover. Medical Insurance For 55 And Older Senior Citizens Health insurance is similar to other forms of health insurance for 50 to 55 and older contracts that people have the risk of meeting future medical costs and requirements in the future. Senior Citizen Health Insurance offers medical coverage to individuals lying between 60 to 80 years (depending on the insurer). The plan covers all kind of surgeries which includes Day Care treatments as well. In case an individual is making a claim on LIC Cancer Cover, the insured will have to provide reports of the diagnosis along with the claims form to serve as evidence. Suited for Any senior citizen, upto 80 years of age, … Treatment for correcting birth defects or congenital anomalies. The policy options from LIC provide higher coverage at affordable rates, making it easy for individuals of all walks to avail health insurance. LIC Jeevan Arogya is designed for individuals as well as people above the age of 60. Approval for registration as an Insurance Broker is pending with the IRDAI. The possibility of having medical issues increases with age and might require serious medical attention. Under the online mode, an individual will have to enter policy information on the website of the insurance company and then proceed to make the payment. In this plan you can cover yourself, spouse, children, parents as well as mother-in-law and father-in-law. Income Benefit: Income Benefit of 1% of applicable sum insured shall be paid on every policy month following the lump sum payment, for a fixed period of next 10 years, irrespective of the survival of the insured and even if this period of 10 years goes beyond the policy term. Children are insured up to 25 years of age. Major Surgical Benefit: In case the policyholder has to undergo a surgery due to accidental injury or illness, then the respective benefit percentage would be paid to the policyholder as long as the surgery or illness is covered under the health insurance policy. Covers hospitalization maximum up to 30 days in the first year (15 days in ICU), which becomes thrice second year onwards. Damages arising out of self-inflicted injuries. Payment of compensation due to prolonged child birth or pregnancy. We’ll stick to the main types of plans that would be suitable for senior citizens over the age of 55. Any pre-existing condition unless disclosed to and accepted by the LIC prior to the date of cover commencement. State-run LIC, which controls more than half of the insurance market, had built trust and platform who sell its products door-to-door. (Note: All the information in this article has been sourced from the official website of Life Insurance Corporation of India. Day Care Procedure Benefit: In case the day care procedures fall under the health insurance policy, a lump sum amounting five times of such daily benefit would be paid to take care of the insured's medical needs. Plan Name Entry Age (years) Renewal Allowed Max. Income Tax Benefit - Health Insurance Premiums paid upto Rs 15000/- for normal residents and Rs 20000/- for Senior Citizens are allowed for a deduction from the taxable income each year under section 80D. Valuable financial protection for hospitalization, surgery etc. Rs. Premium and age band It’s not only an individual insurance plan but a family coverage plan as well. Medicare Advantage Plans are health care options provided under Medicare Part C of the Medicare program. Of course the premiums are also adjusted accordingly, but the peace of mind these plans provide is a small price to pay. Thirty days grace perio,d in case the individual has selected annual or half-yearly premium payment modes. lakh) Co-Pay 1. Moreover, senior citizens have less or no scope on the increase in their income. Major surgical benefit: If the insured under this plan undergoes a surgery defined in major surgical benefit annexure due to accidental bodily injury or sickness, the respective benefit percentage of the major surgical benefit shall be paid. The product information for comparison displayed on this website is of the insurers with whom our company has an agreement. This is a unique non-participating non-linked health insurance plan that offers cover against certain health risks. Ltd. : Unit B2-601, Boomerang, Chandivali Farm Road, Near Chandivali Studio, Andheri East, Mumbai - 400072, Licence No. Having a health insurance policy is a must in this day and age when one considers the high cost of quality healthcare. LIC Jeevan Arogya health insurance plan provides robust monetary security to senior citizens in case of hospitalisation, surgeries, and day care procedures at hospitals. Five crores contributed from the government of India. What Is Not Covered Under LIC Jeevan Arogya? Bills of expenses as proof of expenses during hospitalisation and/or Surgery (including emergency ambulance). The LIC Jeevan Arogya premium table for Spouse (Female) / Parent (Principal Insured / Spouse) Female is as follows: The LIC Jeevan Arogya premium table for Child is as follows: All the premiums above are exclusive of the service tax. Injury or illness arising due to alcohol, drugs, or substance abuse. Therefore, the Initial Major Surgical Benefits Sum Assured will be Rs 1 lakh, Rs 2 lakhs, Rs 3  lakhs, and Rs 4 lakhs respectively. I was able to purchase this in very short time without any trouble.” • Shristi Mishra, Indore, After going through the policy document, I realized that Cancer Cover by LIC is a good option for me. What Is Claim Procedure for LIC Health Insurance? A death summary in case of death of the patient while under treatment. Genetic disorders, congenital conditions or birth defects unless specifically covered. It pays out the benefits only if the insured individual has been diagnosed with cancer. Features of LIC Health Insurance - Jeevan Arogya, Benefits of LIC Health Insurance - LIC Jeevan Arogya. Duly filled and signed the policy application form, Photo ID proof (Aadhaar card, PAN card, driving license, passport, voter ID, etc. Mediclaim Plans starting @ Rs 350* / 904 LIC Jeevan Arogya is a non-linked Health Insurance Policy which helps individuals to cope up with the rising medical costs. LIC Health Protection Plus is a unit linked insurance (ULIP) health insurance policy that combines health insurance covers for the entire family including husband, wife and the children. The California Department of Insurance (CDI) regulates health plans underwritten by insurance … The regulator forced banks to go for up to three bank alliances. The Oriental health insurance for senior citizens plan is designed for senior citizens above 60 years of age and is available for sum insured ranging from ₹ 1 lakh to ₹ 5 lakh. Lump sum benefit, irrespective of actual medical expenses, Two benefit options: Level Sum Insured and Increasing Sum Insured, Chronic Lymphocytic Leukaemia - early stage. I hereby authorize Coverfox to communicate with me on the given number for my Insurance needs. Get reviews and premium calculator to buy or renew your LIC medical insurance policy online. Medical health insurance policies can be used not only by private concerns but also under state and government. This will enable the insurer to start the claim procedure accordingly. Below are some of the benefits of LIC Jeevan Arogya: Hospital cash benefit: An amount equal to the applicable daily benefit is payable for hospital stays exceeding a continuous period of 24 hours. Any treatment that is not undertaken by a physician or surgeon or any treatment or surgery of a purely experimental nature. Insured individuals are covered up to the age of 80 years. LIC's Jeevan Arogya provides health insurance cover against certain health risks. Certificate from Physician as under clause 19(vi) above. Ambulance Benefit : In case where Major Surgical Benefits fails in any event, then the company will provide the emergency transportation costs by ambulance , an additional lump sum of Rs 1000/- will be payable. A Health Insurance for Senior Citizens is a type of health insurance policy customized for people over 60 years old. Having a health insurance policy is important as a health insurance policy has become a necessity in today’s day and age. LIC health insurance plan is named as LIC’s Jeevan Arogya Plan which is a unique non participating non linked plan. Additional Critical Illness Rider Benefit is also available under this plan. Over the years, the life expectancy of an average Indian citizen has increased with advanced and improved healthcare facilities. All Rights Reserved.. To prepare for your licensing exam, use the full-length Life & Health Insurance Agent Practice Exam with answers fully explained for ideal study. Sickness classified as an epidemic by the government. Features of LIC Health Insurance - LIC Cancer Cover, Benefits of LIC Health Insurance - Cancer Cover. Cancer Cover, on the other hand, is a policy that provides financial protection if the insured is diagnosed with any of the specified early and/or major stage cancer during the policy period. A health insurance plan with hospital cash benefits. Firstly, it offers tremendous financial or monetary support to the policy holder if he/she is disabled after an accident resulting in to permanent disability, temporary disability and even an unfortunate death. Individuals can renew their cover on the website of the insurance company or by visiting one of the company’s branches. Therefore, most seniors receive their health insurance from Medicare. Injuries arising out of sports such as mountaineering, skydiving, race car driving, etc. Secondly, the degree of injuries or enormity doesn’t matter, minor injuries are also usually cover under the plan. To locate nearby branches, users can make use of the Branch Locator facility available on the company’s website. With a steady increase in healthcare expenses, it can be difficult to pay medical costs out of your pocket. This is a regular premium health plan that provides financial protection if the insured is diagnosed with any of the specified early and/or major stage cancer during the policy period. 4000, Documents required to buy LIC health insurance for senior citizens. 5 crore-capital contribution from the government. Maximum days of coverage in the first years are 15 and 45 thereafter. Since senior citizens are at a higher risk of health problems at their age, the sum insured by health insurance plans for senior citizens tends to be much higher. Compensation in case of death, Injury, disablement, illness disease,  hospitalization of the insured person due to or arising out of , directly or indirectly due to. Benefits are pre-defined and so not linked to actual expenses. The various senior health coverage options listed below describe some of their differences and offer links to resources for you. One of our Health Insurance experts will call you shortly. Attested photocopies of the Hospital bills with breakup of charges. Usually, we believe that senior citizen health insurance plans come with capping, high health premiums and do not offer adequate coverage features. Birth defects, genetic or congenital disorders. Nervous problem or mental problem treatment. 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