LIC Health Protection Plus is product that clubs health insurance and investment. It works like any other unit-linked insurance product (UlIP), releasing a part of premium towards health cover while the rest goes into investment.
Health Protection Plus scheme provides health cover for the entire family, including newborn from the age of three months. Both hospital cash benefit and major surgical benefit are covered under the plan.
So we can say individual health plan, family floater and critical illness all three are covered in one plan. It gives an opportunity to invest the premium and earn market-linked returns.