LIC Arogya Rakshak Plan 906
Hospital & Surgical Cash Benefit Offline Calculator
LIC Arogya Rakshak Plan 906 Overview
LIC Arogya Rakshak Plan 906 is a non-linked, non-participating regular premium health insurance plan. It provides fixed hospital cash benefits, major surgical benefits, and ICU charges protection for the policyholder and their family.
Eligibility & Rules
- Principal Insured Entry Age: 18 to 65 Years
- Children Entry Age: 91 Days to 20 Years
- Cover up to Age: 80 Years (Principal), 25 Years (Children)
Key Plan Benefits
- Hospital Cash Benefit (HCB): Fixed daily cash amount paid for hospital stays.
- Major Surgical Benefit (MSB): Lumpsum paid (100 times HCB) for specific surgeries.
- Other Benefits: Day Care Procedure Benefit, Premium Waiver for 1 year post major surgery, and Auto Step-up benefit.
Detailed Maturity Benefit
Basic Sum Assured + Vested Simple Reversionary Bonuses + Final Additional Bonus (if any). Payable on surviving the policy term.
Standard Policy Features
- Grace Period: 30 days for Yearly, Half-Yearly, and Quarterly premium payment modes, and 15 days for Monthly mode.
- Free Look Period: 30 days from the date of receipt of the policy document to review the terms and conditions.
- Loan & Surrender Facility: Not Applicable for health insurance plans.
- Tax Benefits: Premiums paid are eligible for tax deduction under Section 80D.
Example Calculation
| Parameter | Value |
|---|---|
| Selected HCB | ₹2,000 / Day |
| Age of Policyholder | 30 Years |
| Yearly Premium (Base) | ₹5,100 |
| Major Surgical Benefit | ₹2,00,000 |
Calculating…