By IANS
Mumbai : State-owned insurer Life Insurance Corp of India (LIC) Monday jumped onto the health insurance bandwagon by introducing its first long-term health insurance product.
Inaugurating the scheme called LIC’s Health Plus here, LIC’s western region zonal manager R.R. Rai said: “Under this plan, health insurance will cover the entire family – husband, wife and children, hospital cash benefits, and major surgical benefits.”
Rai said that LIC intends to target at least one million policy buyers across the country during the first phase of the launch.
Elaborating on the scheme, LIC’s marketing manager Anirban Sarkar said: “The hospital cash benefit will be by way of daily benefit payable in case of hospitalisation or where minimum and maximum amount can be between Rs.250 and Rs.2,500 for the principal insured. For the spouse and child, the amount will be Rs.1,500. And in case of intensive care unit treatment, the amount payable will be double.”
The maximum entry age for the policy will be 55 years and the policy maturity will be 65 years.