Health Protection Plus is a UNIT LINKED HEALTH INSURANCE PLAN launched by L.I.C. of India. This policy guards against the trauma that you may face due to increased financial burden during hospitalization.

Health Protection Plus (Plan 902): In detail.

The worst nightmare that anyone can have is the one when a family member is hospitalized. Today, when everything is uncertain nobody can be sure what will happen. A seemingly small ailment can turn into major one. And what happens when the earning member of your family is hospitalized?  The family goes through the trauma of a loved one being hospitalized as well as an increased financial burden. There are hospitalization expenses, doctors fees and various tests to be carried out.. Meanwhile the patient loses out on his earning for being away from work, and a dismayed and worried family begins to feel the anxiety of the financial implications. But with a policy from LIC you and your family can rest assured!

LIC’s Health Plus is unit linked Health Insurance plan which provides for insurance cover against following health risks:

* Hospital Cash Benefit (HCB)
* Major Surgical Benefit (MSB)

Provision for reimbursement of domiciliary treatment expenses

Eligible for a person (the Principle Insured (PI)) aged between 18 and 55 covering himself / herself. The spouse and/or dependent children may also be covered under the policy

Premiums can be paid regularly either in yearly or half yearly or monthly (through ECS only) installments

Provision to increase premiums in multiples of Rs. 500/-. Under the plan if a request is received from the PI in writing

Benefits payable on Hospitalization:

If PI or any of the Insured lives covered under the policy is hospitalized due to Accidental Body Injury or Sickness, an amount equal to the daily Hospital Cash Benefit, available under the policy during that policy year, shall be payable subject to terms and conditions.

The amount of Daily Benefit will increase at each policy anniversary by 5% of the Initial Daily Benefit till it reaches a maximum of 1.5 times the Initial Daily Benefit

Major Surgical Benefit:

In the event of PI or any of the Insured lives covered under the policy, due to medical necessity, undergoing any of the surgeries defined, the respective benefit percentage of the Major Surgical benefit Sum Assured, as specified against each of the eligible surgeries mentioned, shall be payable subject to terms. This benefit will remain fixed and there shall not be any increases in subsequent years.

Domiciliary Treatment Benefit :

If at least 3 years’ premiums have been paid, an amount shall be payable out of Policy Fund equal to the actual amount spent to meet any domiciliary treatment expenses or any other medical expenses over and above those paid through hospital cash/ surgical benefits incurred in respect of PI or any of the other Insured lives at any time, subject to all the following conditions being satisfied for each payment:

* claimed amount is atleast Rs. 2,500 ;
* maximum amount that can be paid shall be 50% of the Policy Fund at the date of payment;
* minimum balance of one annualized premium left in the Policy Fund after making the payment.

Premium amount paid upto Rs. 15000/- p.a .is eligible for tax exemption under SEC 80 D of the Income Tax Act.

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