LIC to launch 'Health Plus' plan on Feb 4

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Nagpur, Feb 2 (UNI) Life Insurance Corporation of India (LIC) will mark its foray into the health insurance sector with the launch of its 'Health Plus' scheme all over the country on February 4.

Speaking to reporters here today, LIC Nagpur Division Senior Divisional Manager Partha Samal said that the policy provides health insurance cover to the entire family (husband, wife and children) as well as appreciation through investment of surplus funds in the capital market.

The benefits include daily hospital cash benefit (HCB), intensive care unit (ICU) expenses, major surgical benefit and domiciliary treatment benefit, Mr Samal said.

''Eligible age for entry is 18 to 55 years, with maximum age at maturity being 65 years. Dependent children can be insured under the scheme between 3 months and 17 years of age, after which they will cease to be beneficiaries,'' he informed.

''However, dependent parents could not be covered under the scheme. There is also no death cover,'' Mr Samal told newsmen.

A significant feature of the scheme is that LIC will pay the claims, after the necessary verification, on the basis of the sum assured and the amount of HCB specified, irrespective of the actual expenses incurred, subject to the terms and conditions, he added.


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