LIC Arogya Rakshak policy: Life Insurance Corporation of India (LIC) has launched Arogya Rakshak Policy, a non-linked, individual health insurance plan with regular premium. Under this plan, the policyholder gets health cover for certain diseases. This plan is available in both individual and family floater form.
The purpose of LIC Arogya Rakshak policy is to provide necessary and timely help to the policyholder in case of medical emergency. This policy makes the insured financially independent. This policy is different from traditional health insurance in many ways. The biggest difference between both the insurance policies is in the mode of payment. In life insurance, the entire medical cost of the policyholder is covered up to a limit, whereas in Arogya Rakshak, the benefit of fixed benefits is available for different diseases.
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