Launch Date: 19 July 2021
Plan Type: Non-Linked, Non-Participating Individual Health Insurance Plan
Hospital Cash Benefit: ₹2,500 to ₹10,000 Per Day
Policy Coverage: Self, Spouse, Children & Parents
Premium Modes: Yearly & Half-Yearly
MSB Coverage: 100 × Applicable Daily Benefit
ACTIVE PLANIntroduction to LIC Arogya Rakshak Plan 906
Health emergencies can create emotional as well as financial stress, making health insurance an important part of financial planning. LIC Arogya Rakshak Plan 906 was introduced to provide fixed financial support during hospitalization and specified surgical treatments.
LIC Arogya Rakshak Plan 906
LIC launched the Arogya Rakshak Plan 906 on 19 July 2021. It is a non-linked, non-participating, individual health insurance policy designed to offer fixed benefit payouts during hospitalization, surgeries, and other medical emergencies.
Unlike reimbursement-based health insurance plans, this policy pays a fixed benefit amount based on the selected Sum Insured, regardless of the actual hospital expenses incurred. This feature helps policyholders manage treatment costs and other related financial needs without depending solely on hospital bills.
The plan was created to provide financial assistance during unexpected medical situations while offering flexibility and simplified claim support for policyholders and their families.
The LIC Arogya Rakshak Plan 906 provides coverage not only for the main policyholder but also for the spouse, children, and parents under a single policy. Depending on the insured category, coverage can continue up to 80 years of age.
Currently, LIC has not announced any official withdrawal date for this plan, and it remains available for new buyers.
Unique Features of LIC Arogya Rakshak Plan 906
This policy stands apart from traditional mediclaim plans because it offers fixed cash benefits instead of reimbursement-based claim settlements. Some important features of the plan are explained below.
Fixed Benefit Structure
The policy pays fixed lump-sum cash benefits for hospitalization and surgeries regardless of the actual medical expenses incurred.
Family Coverage Under One Policy
The principal insured can include spouse, children, and parents within the same policy, making it a family-focused health insurance solution.
Auto Step-Up Benefit
The fixed benefit amount automatically increases by 10% every year for the first 5 policy years, improving coverage over time.
No Claim Bonus
Policyholders receive additional benefits for every claim-free year, rewarding healthy policy maintenance.
Health Check-Up Benefit
The plan includes periodic health check-up benefits to encourage preventive healthcare.
Extended Hospitalization Support
Extra fixed benefits are provided if hospitalization continues beyond 10 consecutive days.
Quick Cash Assistance
Immediate financial support is available during hospitalization through fixed daily cash benefits.
Optional Riders
Additional protection can be added through optional riders such as:
- Term Assurance Rider
- Accident Benefit Rider
Flexible Premium Payment
Premiums can be paid yearly or half-yearly, and adult coverage generally continues up to the age of 80 years.
Benefits Explained in Detail
Hospital Cash Benefit (HCB)
If the insured is hospitalized for more than 24 hours, the policy provides a fixed daily cash amount ranging from ₹2,500 to ₹10,000 per day based on the chosen coverage option.
The benefit is payable for a specified maximum number of hospitalization days as defined in the policy.
Major Surgical Benefit (MSB)
For eligible major surgeries, the policy pays a lump-sum amount according to the surgery category mentioned in the plan terms.
This benefit can be claimed multiple times for different surgeries during the policy period.
Day Care Procedure Benefit (DCP)
The plan also covers medically necessary day-care treatments and surgeries that do not require 24-hour hospitalization.
Fixed benefits are paid for these approved procedures.
Other Surgical Benefit (OSB)
Minor surgeries and specified procedures are covered through fixed payouts under the Other Surgical Benefit feature.
Medical Management Benefit (MMB)
This benefit provides additional fixed cash support for hospitalization and medical treatment management expenses.
Extended Hospitalization Benefit (EHB)
If the hospitalization period exceeds 10 days, the policy pays an additional fixed amount to help manage prolonged treatment expenses.
Additional Benefits
Auto Step-Up Feature
The policy benefits automatically increase by 10% annually for the first 5 years without requiring extra medical underwriting.
No Claim Bonus Advantage
Claim-free years result in increased benefits, helping policyholders build enhanced coverage over time.
Health Check-Up Facility
Periodic health check-ups are included as part of the plan benefits.
Auto Health Cover Benefit
In case of the death of the original principal insured, the policy coverage automatically continues for the surviving insured family members according to policy conditions.
Eligibility Conditions for LIC Arogya Rakshak Plan 906
| Condition | Principal Insured (PI) | Insured Spouse / Parents | Insured Children |
|---|---|---|---|
| Minimum Entry Age | 18 years | 18 years | 91 days completed |
| Maximum Entry Age | 65 years | 65 years | 20 years |
| Cover Ceasing Age | 80 years | 80 years (70 years for AHC) | 25 years |
| Minimum Initial Daily Benefit | ₹2,500 | ₹2,500 | ₹2,500 |
| Maximum Initial Daily Benefit | ₹10,000 | Up to Principal Insured limit | Up to spouse limit or PI limit if no spouse |
How to Use LIC Arogya Rakshak Plan 906 Calculator
Before purchasing the plan, it is important to estimate the premium amount and benefits. The LIC Arogya Rakshak Plan 906 Calculator helps users calculate premiums based on age, selected daily cash benefit, family members covered, and payment frequency.
Steps to Use the Calculator
Select Number of Members
Choose how many family members you want to include under the policy. The plan generally allows coverage for up to 8 members.
Choose Premium Payment Mode
Select either:
- Yearly premium payment
- Half-yearly premium payment
Enter Principal Insured Details
Provide details such as:
- Age
- Gender
- Chosen Initial Daily Cash Benefit
Add Family Member Details
Include spouse, children, and parents if they are being covered under the plan.
Calculate Premium
Click on the premium calculation option to view:
- Total premium payable
- Estimated benefits
- Bonus projections (in some calculators)
The calculator helps policyholders understand their financial commitment and choose suitable coverage according to their healthcare needs.
Sample Premium Calculation Example
Suppose a 40-year-old individual wants to insure himself and his spouse with a daily hospital cash benefit of ₹5,000 under yearly premium payment mode.
The calculator estimates the premium amount after considering:
- Age of both insured members
- Selected benefit amount
- Number of covered persons
- Premium payment frequency
This provides a clear picture of annual premium costs and expected policy benefits.
Additional Riders and Extra Benefits
The plan also allows optional riders for enhanced financial protection.
Term Assurance Rider
Provides additional life insurance coverage for the principal insured along with the health benefits.
Accident Benefit Rider
Offers extra financial support in case of accidental disability or accidental death.
Premium Waiver Benefit
Future premiums may be waived under specified conditions according to rider terms.
These optional add-ons allow policyholders to customize the plan according to their needs and budget.
Advantages of LIC Arogya Rakshak Plan 906
- Fixed cash benefits without reimbursement complications
- Family coverage under one single policy
- Auto-increase benefits and no-claim bonuses improve policy value over time
- Preventive health check-up benefits included
- Flexible yearly and half-yearly premium payment options
- Trusted coverage backed by LIC
Important Things to Remember
- Verify eligibility conditions for every insured family member.
- Select the daily cash benefit carefully according to expected hospitalization expenses.
- Understand waiting periods, exclusions, and pre-existing disease conditions before purchase.
- Review rider benefits properly before adding them.
- Use the premium calculator for better financial planning.
Where to Buy LIC Arogya Rakshak Plan 906
The policy can be purchased through:
- LIC branch offices
- Authorized LIC agents
- Official LIC online portals
LIC also provides brochures, premium calculators, and policy documents on its official website for detailed reference.
Current Plan Status
- Launch Date: 19 July 2021
- Withdrawal Status: No official withdrawal announcement as of October 2025
LIC Arogya Rakshak Plan 906 is still available for purchase and continues to be one of LIC’s dedicated fixed-benefit health insurance products.
Frequently Asked Questions
What is LIC Arogya Rakshak Plan 906?
LIC Arogya Rakshak Plan 906 is a fixed-benefit health insurance policy offered by LIC that provides lump-sum cash benefits during hospitalization, surgeries, and specified medical treatments, regardless of the actual medical bills incurred.
When was LIC Arogya Rakshak Plan 906 launched?
The plan was introduced by LIC on 19 July 2021 and is currently available for new enrollments.
Who is eligible to purchase this plan?
Any healthy individual between 18 and 65 years of age can purchase the policy as the Principal Insured. The plan also allows coverage for:
- Spouse
- Children aged 91 days to 20 years
- Parents
under a single policy.
What benefits are available under this policy?
The plan offers several fixed cash benefits, including:
- Hospital Cash Benefit (HCB)
- Major Surgical Benefit (MSB)
- Day Care Procedure Benefit (DCP)
- Medical Management Benefit (MMB)
- Extended Hospitalization Benefit (EHB)
Additional features such as Auto Step-Up Benefits and No Claim Bonuses are also included.
Is LIC Arogya Rakshak Plan 906 a reimbursement-based policy?
No, this is not a reimbursement mediclaim policy. It pays fixed cash amounts during hospitalization and surgeries, irrespective of the actual treatment expenses.
Can the entire family be covered under one policy?
Yes, the plan allows multiple family members including spouse, children, and parents to be covered under a single policy.
Conclusion
LIC Arogya Rakshak Plan 906 is a comprehensive fixed-benefit health insurance plan designed to provide financial assistance during hospitalization, surgeries, day care treatments, and extended medical care without depending on actual hospital bills.
Launched on 19 July 2021, the plan continues to remain active with no official withdrawal announcement so far. One of its major advantages is that it allows coverage for the principal insured along with spouse, children, and parents under a single policy.
The policy stands out because of its simple claim structure, fixed cash payouts, automatic step-up increases in benefits, no-claim bonuses, and optional rider benefits for additional protection. It can be a suitable option for individuals and families looking for predictable health coverage with the trusted support of LIC.
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