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Is it worth considering LIC arogya rakshak?

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22 Nov, 2021 by  Vikram S

I have a large coverage of mediclaim policy and also my family wouldn’t suffer in case if i stopped earning. I am thinkling of taking a supplementary insurance and divided between choosing LIC arogya rakshak or some other policy like a critical illness cover.

Reason for interest in LIC arogya rakshak is:

it has several of the features of personal accidently policy and critical illness policy

Gives lumpsum payment in case of surgery and cash benefit in case if admitted to hospital for non-surgical reasons and for day care procedures

It seems to cover wide range of day care procedures and surgeries

coverage for loss of income

coverage for medicines and treatment at home (indirecty with it's payout feature)

coverage of hospitilization expense incase hospitilization expense exceeds insurance coverage

This seems to cover what would otherwise be covered only in 2 separate policies or a policy with several riders. However all of this comes with higher premium for somewhat lesser coverage. they offer 10 lakh coverage for annual premium of 18,000.

So can i go with it or am i missing anything? Or do you have a better altervative to suggest?

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