LIC Policy with Medical Cover

Life Insurance Corporation is the largest insurance provider in the country. The bank is famous for its unique life insurance policies and amazing claim settlement ratio. It offers money back life insurance policies, endowment life insurance policies and term life insurance policies. The policies come with tax benefits, additional riders and optional riders. The policies come at a low cost for varied tenure periods.

LIC Policy with medical cover

LIC offers a term insurance policy that comes with medical cover. The LIC e-Term and LIC Jeevan Arogya are two insurance plans offered by LIC that offer life cover. These plans offer financial protection along with medical cover.

• LIC e-Term: It is a regular premium non participating online term assurance policy that offers financial protection along with medical cover at a nominal cost. It offers differential premium rates for smokers and non smokers. Premiums will be paid annually under this policy.The requirement of medical tests depends on the underwriting of the policy. The costs of medical tests is borne by the bank(if the medical tests are necessary). This online policy offers convenience in terms of purchase and making payments.
• LIC Jeevan Arogya: LIC Jeevan Arogya ensures that you stay protected even when your health fails you. The plan covers the policyholder’s spouse, children, parents and even in-laws.The policy offers high cash benefit along with other benefits such as optional riders.