HomeNewsBankingLIC launches Arogya Rakshak insurance plan

LIC launches Arogya Rakshak insurance plan

LIC launches Arogya Rakshak insurance plan

On 19th July 2021, the Life Insurance Corporation of India, or LIC has launched a benefit-based health insurance policy called Arogya Rakshak. Arogya Rakshak is a non-linked, non-participating, regular premium, individual health insurance.

  • The Arogya Rakshak policy will offer a fixed benefit health insurance cover against certain specified health risks.
  • It will also help in providing timely support in the case of medical emergencies and helps the insured and his/her family to remain financially independent in difficult times.

Know Arogya Rakshak policy Features:

  • The Arogya Rakshak policy is different from regular comprehensive health insurance in terms of its method of reimbursement.
  • It pays a lump sum benefit equal to the sum insured, irrespective of actual medical treatment costs.
  • People can insure themselves (as the principal insured), their spouses, all children, and parents under one policy.
  • The principal insured/spouse/parents aged between 18 and 65 and children of age 91 days to 20 years can take the advantage of this policy.

Arogya Rakshak policy Period:

  • Principal insured/spouse/parents – up to 80 years
  • Children – 25 years only

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SourceLive Mint
LIC launches Arogya Rakshak insurance plan 1
Yashhuuhttps://www.prepareexams.com
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