What are other insurance plans of LIC of India?

I thought it necessary to answer this question because LIC agents sell the policy by not telling people the right thing. And people have frustrations and troubles at times of need.

LIC has 2 health plans.

Cancer plan: Assuming I have cancer coverage of Rs 20 lakh, for which I am paying a premium of Rs 3500. This is a very good plan because cancer treatment is very expensive.

But, I will tell you what the agent will not tell you. 20 lakh rupees will be given to me only when my cancer is detected in the second, third or fourth stage. And along with 20 lakh rupees, every month 20 thousand rupees will also be given to me or my family for 10 years. (If my coverage is 50 lakhs, in addition to Rs. 50 lakhs, you will get Rs. 50,000 for 10 years.)

If cancer is detected in the first stage, then I will not get 20 lakh rupees, instead 25% of it, means only 5 lakh rupees will be given. The agent does not say this.

Nevertheless, this plan is very good as it is getting financial assistance. And one special thing is that LIC will only see the doctor or hospital certificate that you have cancer and will make the payment in your account, you will not ask for the bill etc.

Second Health Plan: Jeevan Arogya: Let me explain this health plan in short.

In this, how much insurance you have to take is decided through 'Hospital Cash Benefit'.

If you choose 'Hospital Cash Benefit' 1000 rupees, then you will be given 1000 rupees per day while you are undergoing treatment in the hospital.

Along with this, 100 times the amount of 'Hospital Cash Benefit' will be given to you by 'Major Surgical Benefit'.

This means that what you are getting treated is divided into 4 categories. In category A you will be given 100 times the amount of 1000 rupees, meaning 1 lakh rupees will be given for treatment. In category B, C and D, 60%, 40% and 20% amount will be given for treatment.

The agent will not tell this thing. He will just tell you that you will get 1000 rupees a day and 1 lakh rupees for treatment.

This health plan is not special, you do not need to take it at all. In this money, you can get the best health insurance from any other health insurance company where there is no payment according to the category.

If you still want to take this plan, then you will see it as a 'backup' plan.