Each of the insured are covered for Health risks up to age (80). Children are insured up to age 25 years.
Premiums to Payment You may pay LIC premiums regularly at yearly, half-yearly, quarterly or monthly (ECS mode only) intervals over the term of the policy. Premium paid will be eligible for Tax exemption under section 80D up to 15,000/- (Rs. 30,000/- if parents are covered).
Hospital Cash Benefit (HCB) Hospitalisation in case of non surgical treatment beyond twenty four hours is cover under hospitalisation cash benefit. The policy can be taken for an initial daily benefit of Rs. 1,000, Rs. 2,000, Rs. 3,000 and Rs. 4,000. The major surgical benefit will be 100 times of the daily benefit. The quick cash facility allowing payment of 50 per cent entitlement can be availed as advance in case of 57 specified major surgeries.
A maximum of 3 surgeries are covered in one year subject to life time benefit of 24 surgeries in respect of each insured member.
Age
The minimum age at entry for principal insured is 18 years and maximum age at entry would be 65 years for self and spouse while it is 75 years for parents and parents in law. For children, the minimum age at entry is 91 days and the maximum age at entry is 17 years.
