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Products Health Plans

Jeevan Arogya (904)

Product Summary

This is non-linked health plan which provides fixed benefits for hospitalization and almost all types of surgical procedures irrespective of actual cost incurred and the benefit is in addition to any other health insurance cover that insured lives may have, subject to certain terms and conditions.

The Benefits offered under the plan are:

  • Hospital Cash Benefit (HCB)
  • Major Surgical Benefit (MSB)
  • Day Care Procedure Benefit (DCPB)
  • Other Surgical Benefit (OSB)

These are in addition to any other health insurance cover.

Two riders: Term Assurance and Accident Benefit Rider available for PI and Insured Spouse only.

The Principle Insured (PI) can take the policy covering himself/herself. The Spouse, Children, Parents and Parents-in-law can also be covered under the same policy.

Premium Payment Mode

Yearly, Halfly

Minimum Entry Age
  • For Principal Insure/Spouse: 18 Years
  • For Child: 3 Month
  • For Parents/Parents-In-Law: 18 Years
Maximum Entry Age
  • For Principal Insure/Spouse: 65 Years
  • For Child: 17 Years
  • For Parents/Parents-In-Law: 75 Years
Minimum Sum Assured

Rs. 1,00,000

Maximum Sum Assured

Rs. 4,00,000

Basic S.A. shall be in multiple of Rs. 1,00,000

Policy Benefits

On Death :

No death benefits payable.

However, following action will take place.

  • On death of the Principal Insured (PI); Option for Spouse to take over policy.
  • Insured Spouse had predeceased the Principal Insured: Option to take new policy.
  • In the event of death of an Insured continue with change in premium.
Surrendered Value

No surrender value will be available under the policy.

Loan

No loan will be available under the policy.


Cancer Cover (905)

Product Summary

This is non-linked, regular premium payment health insurance plan which provides fixed benefit in case life assured is diagnosed with any of the specified early and/or major stage cancer during the policy term, subject to certain terms and conditions.

The plan has two benefit options which have to be chosen by the proposer at the outset.

Option 1: Level Sum Insured : The Basic Sum Assured remains same through out the term.

Option 2: Increasing Sum Insured : 10% increase in Sum assured for 1st 5 years or till diagnosis of specified cancer.

Premium Payment Mode

Yearly, Halfly

Minimum Entry Age

20 Year Completed

Maximum Entry Age

65 Year (Last Birthday)

Minimum Policy Term

10 Years

Maximum Policy Term

30 Years

Minimum Sum Assured

Rs. 10,00,000

Maximum Sum Assured

Rs. 50,00,000

Basic S.A. shall be in multiple of Rs. 1,00,000.

Minimum and Maximum cover ceasing age

50 years and 75 years

Minimum premium Rs 2,400 p.a. for all modes.

Policy Benefits

A. Early Stage Cancer :
Payable once for the 1st ever event

  • Lumpsum 25% of applicable Sum Assured payable and
  • Next 3 years premiums waived.

B. Major Stage Cancer :

  • Lumpsum 100% of applicable Sum Assured payable minus any claim paid for A above if any.
  • 1% of applicable Sum Assured guaranted payable for next 120 months. AND
  • Waiver of future premiums. Maximum claim payable 220% of applicable sum assured.
Surrendered Value

No surrender value will be available under the policy.

Loan

No loan will be available under the policy.

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