LIC Health Plus

Summary Info
Insurance Company Plan Name Plan Nature Plan Category UIN No. Life Insurance Corporation of India LIC Health Plus ULIP Special Plan 512L246V01 Its a unique long term health insurance plan that combines health insurance covers for the entire family (husband, wife and the children) - Hospital Cash Benefit (HCB) and Major Surgical Benefit (MSB) along with a ULIP component (investment in the form of Units) that is specifically designed to meet domiciliary treatment (DTB) related expenses for the insured members.

About Plan

Basic Details
Minimum Entry Age Minimum Premium Maximum Policy Term 18 years Rs. 5000 65 years

Benefits
Particulars
Hospital Cash Benefit

Description
A daily benefit is payable in case the insured is hospitalized due to either accidental body injury or sickness. The quantum of benefit depends upon the level of the cover opted. In the event of the insured undergoing one of the major surgeries defined in the table furnished herewith, a lump sum benefit (regardless of the actual costs incurred) equivalent to the percentage of the sum assured mentioned against that surgery will be payable on providing proper proof of surgery to the satisfaction of the corporation.

Major Surgical Benefit

Tax Benefits

Section
SEC 10 (10)D

Description
Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax Act, 1961. Under Section 80 D premium up to Rs.10,000 (Rs.15,000 for senior citizens) are allowed as deduction from taxable income.

SEC 80 D

PLAN SPECIALITY
The surrender value, if any, is payable only on completion of the third policy anniversary. The policy can be surrendered by the Principal Insured. If the application is received within 3 years from the Date of Commencement (DOC), the monetary value of the fund as on the date of application is payable after 3 years from commencement date. If the policy lapses after at least 3 years' premiums have been paid the Principal Insured has the option of either paying all the due premiums in full or avail of premium holiday by just paying the latest instalment premium without any interest. The premium holidays can be availed only as long the policy fund has a balance of at least one annualized premium at the time of revival. Increase or decrease of premiums is allowed during the term of the policy. Increase in premium must be in

multiples of Rs. 500. In case of decrease, the minimum premium conditions must be satisfied. However, increase/decrease in premiums does not affect the level of health cover and HCB and MSB benefits. Given this scenario, LIC has launched Health Plus plan, a unique long term health insurance plan that combines health insurance covers for the entire family (husband, wife and the children) Hospital Cash Benefit (HCB) and Major Surgical Benefit (MSB) along with a ULIP component (investment in the form of Units) that is specifically designed to meet domiciliary treatment (DTB) related expenses for the insured members.

FUND OPTION
LIC Future Plus - Income Fund LIC Health Plus Fund

Particulars LIC Future Plus - Income Fund

Govt/Govt Guaranteed Securities/ Corporate Debt MMI Listed Equity

Range
50% to 100% 0% to 90% 10% to 50%

LATEST NAV
LIC Health Plus - Health Plus Fund 02-Feb-12 12.1821

PORT FOLIO
LIC Future Plus - Income Fund LIC Health Plus Fund

NEWS
13-Aug-09 10:41 12-Aug-09 10:32 04-Aug-09 09:18 15-Jul-09 10:21 13-Jul-09 10:21 10-Jul-09 12:40 10-Jul-09 12:20 08-Jul-09 10:42 01-Jul-09 11:46 01-Jul-09 09:56 29-Jun-09 10:23 27-Jun-09 18:41 25-Jun-09 09:42 24-Jun-09 09:41 24-Jun-09 09:10 22-Jun-09 12:01 Targeting 43.5 million policies and Rs. 48,000-crore new premium income this year : LIC LIC has hiked stake in SBI LIC employees plan to observe a two-hour walk-out strike LIC recruites 50 Direct Sales Executives on contract basis LIC has booked a profit of Rs. 2,800 cr LIC inaugurates SBA office in Coimbatore today Gold Club Membership for LIC policy holders LIC has earmarked around Rs. 25,000 cr for investing in MFs and project loans South Indian Bank in bancassurance with LIC Nagpur division did 150% sales in corporate business sector : LIC LIC has hiked its stake to 5.15 per cent in Dena Bank LIC hikes stake in Bharati Shipyard to 9.66% LIC plans to invest Rs. 62,000 Cr in G-secs in FY 10 LIC plans to pump in Rs. 40,000 crore in equities in 2009-10 Premium income to grow 25% : LIC Policy holders can claim benefits and pay premium at any branch in 2 years : LIC

19-Jun-09 12:25 18-Jun-09 10:21 15-Jun-09 13:29 13-Jun-09 10:41 12-Jun-09 11:02 12-Jun-09 10:21 04-Jun-09 09:21 03-Jun-09 12:40 01-Jun-09 10:13 27-May-09 09:51 23-May-09 09:51 22-May-09 12:10 21-May-09 12:35 21-May-09 09:10 20-May-09 09:41 14-May-09 12:35 11-May-09 08:51 04-May-09 12:45 29-Apr-09 11:50 08-Apr-09 10:12 01-Apr-09 10:40 30-Mar-09 13:10 28-Mar-09 14:30 28-Mar-09 09:53 26-Mar-09 09:10 25-Mar-09 11:25 24-Mar-09 14:26 23-Mar-09 16:23 20-Mar-09 11:36 19-Mar-09 13:12 16-Mar-09 11:56 14-Mar-09 14:12 12-Mar-09 15:58 07-Mar-09 14:59 07-Mar-09 12:56 04-Mar-09 11:20 02-Mar-09 13:40 27-Feb-09 13:05 26-Feb-09 12:15 24-Feb-09 18:52 24-Feb-09 12:10 17-Feb-09 11:26 16-Feb-09 14:20 16-Feb-09 09:23 14-Feb-09 13:40 10-Feb-09 11:40 09-Feb-09 12:59 09-Feb-09 11:06 06-Feb-09 14:20

Seeking permission for raising stake in PSU banks beyond 10% : LIC LIC has sold 227.39 cr stake of Union Bank of India Three overseas players interested to buy UTI AMC's 26% stake Aam Aadami Insurance Scheme for landless families in UP SBI & LIC to exit from UTI Asset Management Company South Indian Bank tied up with LIC for distribution Scanning around 200 companies on a daily basis for possible investments : LIC Nomura Group is set to acquire 35% in LIC Mutual Fund LIC is planning to invest over Rs. 90,000 cr in Equity & Debt Market 29% growth in first premium income in first month of this FY LIC holds 11.68 per cent stake in Tata Steel LIC has booked profit around Rs. 10,000 cr during FY07-08 LIC & HDFC Std Life top in fin sector TV advertisers LIC plans to invest Rs. 1,05,000 cr in equity and debt instruments in current FY LIC plans to invest Rs. 50,000 cr in equity Wipro has clinched LIC's 5-yr IT outsourcing deal IRDA has asked LIC to reduce stake from more than 10% LIC keens on bank stocks We will launch more traditional products in 2009-10 : LIC MD LIC plans to enter Australia, New Zealand and South East Asia Launching credit cards : LIC LIC-Corporation Bank credit card in next two days LIC wants to increase stake in Axis Bank IFCI got approval for cancelling shares held by LIC Completing the digitalisation process : LIC Madurai division Bharat Petroleum defeated LIC in Chess Tournament LIC launching credit cards by end of this FY Investible amount may be 2 lakh cr in next FY : LIC LIC, the biggest buyer of Indian equities during current FY LIC increased its stake in 11 firms LIC enters into bancassurance agreement with PNB State Bank stake raised to 9.16% : LIC Maintaining paperless records (EDMS) BY 2010 : LIC LIC increases stake in banks as FIIs go on selling spree LIC hikes stake in HDFC Bank LIC to avoid big gilt buys in March as guidelines met India Infoline mulls floating AMC LIC hikes stake in PNB to 10 pc Front office modernisation plan : LIC LIC hikes 9.98% stake in Gail IRDA has allowed LIC to hold more than 10 % holdings in 47 companies Launch of credit card before end of this fiscal: LIC LIC eyes Rs1500cr premium income in East by March LIC launched 'Jeevan Varsha' New close-ended money-back policy from LIC Rs. 11,020 crore was garnered by 'Jeevan Aastha' LIC targeting Rs. 1,75,000 crore total premium in 2009 LIC increases stake in Cummins to 5.42% LIC hikes stake in Cummins to 5.42%

05-Feb-09 11:55 02-Feb-09 11:52 01-Feb-09 11:52 28-Jan-09 11:20 27-Jan-09 12:50 27-Jan-09 10:50 26-Jan-09 10:36 23-Jan-09 13:45 22-Jan-09 12:46 22-Jan-09 10:20 20-Jan-09 11:26 17-Jan-09 11:20 15-Jan-09 12:10 13-Jan-09 13:10 08-Jan-09 10:50 06-Jan-09 10:26 05-Jan-09 12:50 03-Jan-09 11:40 02-Jan-09 11:40 01-Jan-09 10:20 29-Dec-08 15:30 27-Dec-08 13:10 23-Dec-08 12:50 19-Dec-08 13:40 15-Dec-08 12:02 12-Dec-08 09:50 10-Dec-08 10:12 10-Dec-08 09:52 09-Dec-08 10:15 09-Dec-08 09:40 08-Dec-08 21:45 27-Nov-08 12:56 05-Nov-08 12:45 05-Nov-08 10:58 03-Nov-08 11:25

Policies lapsed for more than five years can be renewed : LIC 14,00,000 crore asset size in three yrs : LIC 14,00,000 crore asset size in three yrs : LIC Plan to double the number of agents in lakhs : LIC Chairman Fresh premium from group insurance has grown by over 50% : LIC LIC makes investment of 4000 cr more in stocks by March We are number one in financial terms with Rs. 8,00,000 crore assets: LIC Chairman LIC steps up property buying Jeevan Aastha may fetch LIC around Rs. 9,000 crore LIC to subscribe for NCDs worth Rs. 3,000 cr LIC cover shrinks in this fiscal:IRDA report LIC nominee appointment on Satyam board lifts cos stock LIC raises stake in 11 firms LIC ties up with Policybazaar.com LIC has no plans to sell Satyam stake now LIC staff seek higher wages LIC, ICICI Pru sales fall in Nov LIC suffers a premium jolt in Apr-Nov Irda to allow LIC to retain over 10% stake LIC hikes stake in Allahabad Bank LIC eyes to cover 1 crore under Aam Admi scheme LIC HF awaits nod on insurance tie-up LIC Bill seeks to trim pay-out to policy holders LIC plans to invest Rs. 400 cr in venture capital LIC & SBI to hire 45,000 people LIC's tender for a Rs. 200-300 crore IT outsourcing contract LIC's investment in MFs rises 3-fold Rs. 55 lakh death claims for Oberoi staff for LIC LIC to recruit 10,000 employees this year LIC: more inflow planed in Equity and Debt market LIC launches Jeevan Aastha LIC to get reasonable time to shed excess stake 15,000 Jeevan Bharati I policies sold in 3 months: LIC LIC banks on traditional policies to regain market LIC to launch credit cards