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Now, you can also please your spouse by including your parents in-law in heath insurance, apart from your parents, thanks to Life Insurance Corporation of India (LIC).
The insurer launched a new health scheme, ‘Jeevan Arogya', on Wednesday, which offers comprehensive hospitalisation benefits for the whole family, including in-laws of the principal insured.
“The features of our new health plan are better than medi-claims available in the market as premiums do not increase every year. But there is a 5 per cent increase in medical expenses every year,” Mr A. K. Sahoo, Zonal Manager, South Central Zone of LIC, said after formally launching the policy here on Wednesday.
In case no claim is made under the policy for three years, the benefits payable would be further enhanced by 5 per cent without any upper limit, he added.
The policy can be taken for an initial daily benefit of Rs 1,000-4,000 and the major surgical benefit would be 100 times the daily benefit.
There would be a quick cash facility allowing payment of 50 per cent of entitlement as advances in the case of 57 surgeries.
The minimum age entry for the principal insurance is 18 years while it is 75 years for parents and in-laws.
The premium rates would depend on, among others, one's age, gender and health cover options.
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