LIC Health Insurance Arogya Rakshak No.906 is going to be launched on 19th July 2021. It is a health insurance product from LIC. What are the features, benefits, and eligibility to buy this product? Should you buy it?
This is a Non-Linked, Non-Participating, Regular Premium, Individual, Health Insurance plan which provides fixed benefits in case of hospitalization and for various surgical procedures irrespective of actual cost incurred and the benefit is in addition to any other health insurance cover that insured lives may have.
In addition to these fixed benefits, this plan also provides Auto Health Cover Benefit in case of death of the original principal insured (PI).
What do you mean by defined benefit health insurance policies?
There are two types of health insurance plans usually health and life insurance companies offer you. One is indemnity and defined benefit plans. This product falls under the second category.
A normal health insurance policy that is offered by usually…