LIC Jeevan Arogya Plan 904: Features, Benefits and Eligibility

LIC Jeevan Arogya Plan 904 was a non-linked health insurance plan that offered fixed financial benefits for hospitalisation, surgeries and certain medical treatments. The plan was withdrawn on October 1, 2020, and is no longer available for new purchases.

Key Benefits

The policy offered:

- Hospital Cash Benefit

- Major Surgical Benefit

- Day-Care Procedure Benefit

- Other Surgical Benefit

- Ambulance Benefit

- Premium Waiver Benefit

- No Claim Benefit

Policyholders could choose a daily hospital cash benefit of ₹1,000, ₹2,000, ₹3,000 or ₹4,000, with the Major Surgical Benefit generally equal to 100 times the selected daily benefit.

Eligibility

The plan allowed coverage for the principal insured, spouse, children, parents and parents-in-law under a single policy. Adult members could generally remain covered up to 80 years, while children were covered up to 25 years, subject to policy terms.

Premium & Waiting Period

Premiums could be paid yearly or half-yearly and depended on factors such as age, gender and the selected coverage amount.

There was a 90-day waiting period for illness-related claims, while accidental hospitalisation was covered without this waiting period. Certain listed illnesses were subject to a 2-year waiting period.

Important Note

The basic plan did not offer maturity benefits, surrender value or policy loans. Optional riders such as the LIC New Term Assurance Rider and Accident Benefit Rider were available for additional protection.

Disclaimer: This information is provided for general reference only. LIC Jeevan Arogya Plan 904 was withdrawn on October 1, 2020. Please refer to the official policy document or contact LIC for complete terms, conditions and claim eligibility.