LIC Health Protection Plus Review
LIC has launched “LIC Health Protection Plus”, a special long term health insurance plan for the entire family including husband, wife and the children. The plan offers health insurance benefits including Hospital Cash Benefit (HCB), Major Surgical Benefit (MSB) and Domiciliary Treatment Benefit (DTB). This is one of few policy that LIC has come up with regard to health insurance. Here is the mini LIC Health Protection Plus Review.
In this plan, the principal insured person must decide the family members to be included, based on which he/she can decide the premium amount. You can add member into the plan based on defined conditions such as marriage or child birth. The plan offers Yearly, Half-Yearly & Monthly ECS Payment Modes. Only disadvantage when it comes to paying LIC Policy premiums is the fact that we cannot pay it from our credit card. Hope LIC rectifies and let us pay via credit card.
Advantages of LIC Health Protection Plus are as follows:
- Offers the benefit to meet domiciliary treatment and OPD (Out Patient Department) charges apart from Hospital Cash Benefit (HCB) and Major Surgical Benefit (MSB). Hence you can claim expenses even if you are not hospitalized.
- Offers Multiple MSB benefits.
- Offers Section 80(D) Tax Benefit.
- Offers Policy continuation even after if you stop premium
Disadvantages of LIC Health Protection Plus are as follows:
- Includes many conditions. So it becomes essential to read and understand the conditions before going for the plan.
- Domiciliary Treatment Benefit is based on cessation of MSB and HCB, and can be claimed only after 3 years.
- Provides no Death insurance benefit. You will get only the fund value in case the Primary insured person expires. But the policy will continue without paying premium if it includes more members.
LIC Health Protection Plus plan is like a mediclaim policy and is more suitable for people who want section 80(D) tax benefit. Apart from tax benefits everyone should own or have a health insurance policy and this policy from LIC surely serves that purpose with additional benefits.
You can download the lic health protection plus brochure and more details about here.
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Comments
hii
The policy is good but is the premium refundable against the expirty of the policy taker or after certain term period is the confusing point. Please clear the doubt.
That’s a good point you are making and I am also having some confusions regarding the same. Will try to clarify the same with the experts and get back.
diseas covered in this policy is not clear.;and how the payment is made.weather cash or not is not clear.list of hospital is not clear
mehrotra.santosh@gmail.com
Interested to open a policy only related to health insurance and medical facility like scheme started in Oriental Insurence.
LIC has been a brand which is trusted by masses. Its nice to see that they have come up with protection plan. Actually i was looking for a good insurance plan for me who is 28 and my husband who is 30. I would like to get a plan with maternity and also new born protection. Has LIC or any other player in the market meet my requirement? I would like to get a cover of 10 lakhs approx. Please suggest.