Jeevan Arogya is a unique non-participating non-linked plan.
The customer has the option of choosing the Sum Insured. The Sum Insured can be fixed, or it can be increased
by 10% every year for first 5 years.
Early Stage Cancer: 25% of the applicable Sum Insured shall be payable lumpsum. The premiums for next 3
policy years shall be waived off.
Major Stage Cancer: On the diagnosis of specified Major Stage Cancer, 100% of applicable Sum Insured shall
be payable. This benefit cannot be more than of 100% of applicable Sum Insured. So, you will get only 75% of the
applicable Sum Insured in case you have already claimed the 25% of Applicable Sum Insured under Early Stage
Income Benefit: In addition to the above benefit, Income Benefit of 1% of Applicable Sum Insured shall be
payable every month following the lumpsum payment under Major Stage Cancer Benefit. This is the fixed Income
benefit which is payable monthly for next 10 Years irrespective of the survival of Life Assured.
Premium Waiver Benefit: All the Future premiums will be waived off on the diagnosis of specified
Major Stage Cancer.
Waiting Period: A waiting period of 180 day will apply from the date of commencement of this policy or from the
date of revival. This would mean that no benefit would be paid in case any kind of cancer is diagnosed within 180
Premium Guaranteed for 5 Years: The premiums are guaranteed for a period of 5 years from the date of
issuance of this policy. LIC reserves the right to revise the premium after 5 policy years
Tax Benefit: Premium paid under this plan is eligible for tax benefit u/s 80D of Income Tax Act.