LIC Jeevan Arogya Plan 903 Calculator
Plan Name: LIC’s Jeevan Arogya
UIN: 512N266V01
Plan Type: Non-Linked Health Insurance Plan
Initial HCB: ₹1,000 / ₹2,000 / ₹3,000 / ₹4,000 per day
Premium Calculation Result
LIC Jeevan Arogya
Member-wise Premium
| Member | Age | HCB | Premium |
|---|
Selected Health Benefits
Rider Summary
LIC Jeevan Arogya Plan 903 is a distinctive health insurance policy introduced by the Life Insurance Corporation of India (LIC) to provide financial support during health emergencies, particularly hospitalisation and surgical treatments.
Unlike conventional health insurance policies that generally reimburse actual medical expenses, this plan provides predetermined lump-sum benefits for hospitalisation, surgeries, and day-care procedures. This fixed-benefit structure can help insured individuals and families handle additional healthcare-related expenses more conveniently.
Launch and Withdrawal Dates
LIC Jeevan Arogya Plan 903 was launched on 1st June 2011. It represented LIC's entry into the non-linked, non-participating health insurance category offering fixed-benefit payouts. According to the source material, the plan continues to be available to new buyers as of 2025.
An earlier related product, LIC Jeevan Arogya Plan 904, was withdrawn on 1st October 2020, while Plan 903 continued to be positioned as a fixed-benefit health insurance option.
What is LIC Jeevan Arogya Plan 903?
LIC Jeevan Arogya Plan 903 is a non-linked, non-participating health insurance plan that provides predetermined cash benefits for hospitalisation and specified surgical treatments. Rather than calculating benefits according to the actual medical bill, the policy pays fixed amounts based on the benefits selected under the plan.
The plan is intended to provide financial assistance when unexpected medical events occur. Coverage can extend beyond the principal insured to include the spouse, children, parents, and parents-in-law.
Key Features of LIC Jeevan Arogya Plan 903
- Hospital Cash Benefit (HCB): Provides a fixed amount for every eligible day of hospitalisation.
- Major Surgical Benefit (MSB): Pays a lump sum when the insured undergoes one of the major surgeries covered under the policy.
- Day Care Procedure Benefit (DCPB): Provides a lump-sum benefit for covered day-care procedures that do not require an overnight hospital stay.
- Other Surgical Benefit (OSB): Provides benefits for eligible surgeries that are not included under the major surgery or day-care categories.
- Increasing Health Cover: Benefits can increase by 5% every year through the renewal bonus, subject to the maximum applicable limit of 1.5 times the original benefit.
- No Claim Bonus: When no claim is made during the first three years, the daily hospital cash benefit receives an additional 5% increase over the renewal bonus.
- Premium Waiver Benefit: Following a Major Surgical Benefit claim, the premium for the subsequent year can be waived according to policy conditions.
- Flexible Surgical Cover: Surgical benefits can be selected within the applicable range, from ₹1 lakh to ₹4 lakh.
- Optional Riders: Term Assurance Rider and Accident Benefit are available for additional protection.
- Ambulance Benefit: Ambulance expenses can be reimbursed up to ₹1,000.
- Family Coverage: The plan can cover the principal insured together with eligible family members.
Eligibility Criteria
| Parameter | Eligibility |
|---|---|
| Minimum Entry Age | 91 days for children; 18 years for adults |
| Maximum Entry Age | 75 years for parents/parents-in-law; 65 years for self/spouse |
| Maximum Coverage Age | 80 years for adults; 25 years for children |
| Minimum Basic Sum Assured | ₹1,00,000 |
| Maximum Basic Sum Assured | No limit |
| Policy Term | 15 to 20 years |
| Premium Payment Modes | Yearly, half-yearly, quarterly, monthly |
The eligibility details are based on the supplied source material.
Benefits Explained Simply
Hospital Cash Benefit (HCB)
When the insured is admitted to a hospital, the policy pays a predetermined amount for each eligible day of hospitalisation. The selected daily benefit can increase by 5% each year according to the applicable renewal benefit. The cash can help meet expenses such as room charges, food, transportation, and personal-care costs.
Major Surgical Benefit (MSB)
The plan covers around 140 major surgeries listed in the policy. After undergoing an eligible surgery, a fixed lump-sum amount can be paid once during a policy year. The benefit can be as high as 100 times the initial daily hospital cash benefit, depending on the selected cover and policy terms. The payment can help with medicines, recovery expenses, and other surgery-related costs.
Day Care Procedure Benefit (DCPB)
Certain medical treatments can be completed without requiring an overnight hospital stay. For covered day-care procedures, the policy provides a fixed lump-sum payment. The benefit is approximately five times the initial daily hospital cash benefit, subject to the applicable policy conditions.
Other Surgical Benefit (OSB)
Surgical procedures that are not included in the Major Surgical Benefit or Day Care Procedure Benefit categories can still qualify for a benefit under the Other Surgical Benefit. The payout is calculated at two times the daily hospitalisation benefit for each eligible day of hospital stay associated with the surgery.
Premium Waiver Benefit
If the insured makes a claim under the Major Surgical Benefit, LIC waives the premium payable for the following year, subject to the plan's conditions. This can provide additional financial relief during a period of medical difficulty.
No Claim Bonus and Renewal Benefits
If no claim is made during the first three policy years, the daily hospital cash benefit receives an additional 5% increase over the regular renewal increases. This feature is intended to help the coverage grow over time in response to increasing healthcare costs.
Optional Riders
The plan provides the option of adding extra protection through riders:
- Term Assurance Rider: Provides life cover of up to 100 times the daily hospital cash benefit.
- Accident Benefit Rider: Provides protection against accidental death or disability, with the Sum Assured linked to the Term Assurance Rider.
These riders can provide broader protection when selected according to the policyholder's requirements.
How LIC Jeevan Arogya Plan 903 Differs from Other Health Plans
A major difference between LIC Jeevan Arogya and conventional health insurance is the way benefits are paid. Traditional health policies generally reimburse eligible actual medical expenses, whereas Jeevan Arogya provides predetermined benefits regardless of the amount actually spent.
This fixed-benefit approach can make the claim process easier and provide timely financial support during hospitalisation or surgery. The plan also includes benefits for day-care procedures and other eligible surgeries that may have restrictions under some conventional health policies.
Understanding the LIC Jeevan Arogya Plan 903 Calculator
The LIC Jeevan Arogya Calculator helps estimate the premium payable according to the selected coverage, age, family members, and optional riders.
Using the calculator, users can:
- Select their desired daily hospital cash benefit.
- Choose the surgical benefit Sum Assured.
- Add optional riders.
- Enter the ages of covered family members.
- Estimate premiums for yearly, half-yearly, or quarterly payment modes.
Why Use the LIC Jeevan Arogya Calculator?
Health insurance premiums can vary considerably depending on the age of the insured and the level of coverage selected. A calculator makes it easier to understand these differences before choosing a policy.
It can help users:
- Prepare a suitable premium budget.
- Compare premiums for different coverage levels.
- Evaluate whether optional riders are required.
- Understand how adding family members affects the premium.
- Make a more informed decision before purchasing the policy.
How to Use LIC Jeevan Arogya Plan 903 Calculator?
Follow these steps to estimate the premium:
- Visit an authorised LIC branch or use LIC's official website.
- Enter the age of the principal insured and the number of family members to be covered.
- Select the required hospital cash benefit, such as ₹1,000 or ₹2,000 per day.
- Choose the Sum Assured for Major Surgical Benefits.
- Add optional Term Assurance or Accident Benefit riders if required.
- The calculator displays the applicable premium for the selected payment mode.
- Change the inputs to compare different coverage and premium combinations.
LIC agents may also use calculator software or physical calculation tools for customer illustrations. LIC provides policy documents and premium tables that can also be referred to for manual premium calculations.
Sample Calculation
For example, consider a 35-year-old principal insured who selects a ₹2,000 daily hospitalisation benefit and ₹2,00,000 surgical cover for himself and his spouse.
The annual premium could be approximately ₹20,000, based on the assumptions in the source material. Adding children or parents to the policy would increase the applicable premium.
Using a calculator before purchasing allows the applicant to understand the expected cost and adjust the coverage according to their requirements.
Important Documents and References
For complete information about the policy, benefits, conditions, and premium rates, customers should refer to LIC's relevant policy documents and sales literature.
The source material identifies the following references:
- LIC Jeevan Arogya Plan 903 policy document.
- LIC Jeevan Arogya sales brochure.
- Premium tables showing applicable rates for different ages and coverage levels.
These documents provide detailed information about policy terms, benefits, exclusions, and applicable conditions.
Benefits of Choosing LIC Jeevan Arogya
- Fixed Lump-Sum Benefits: The policy pays predetermined benefits without requiring reimbursement of every actual medical bill.
- Simplified Claims: Since benefits are fixed, the claim process can be more straightforward.
- Family Coverage: Eligible family members, including parents and parents-in-law, can be covered under one policy.
- Renewal Benefits: Increasing benefits can help the coverage keep pace with rising healthcare expenses.
- Premium Waiver: A Major Surgical Benefit claim can provide premium relief for the following year.
- Affordable Coverage: The fixed-benefit structure offers a practical health protection option.
- Financial Peace of Mind: Fixed cash benefits can provide useful financial assistance during hospitalisation and surgery.
Limitations and Important Points
Before choosing the plan, applicants should understand its limitations:
- The policy does not reimburse actual medical expenses; it provides fixed cash benefits.
- Only specified procedures and surgeries are covered, subject to policy exclusions.
- An initial waiting period of 90 days applies to claims.
- Certain pre-existing medical conditions may have applicable waiting periods or exclusions.
- Optional riders require an additional premium.
- Outpatient treatment is not covered; the plan focuses on eligible hospitalisation and surgical benefits.
Who Should Consider LIC Jeevan Arogya Plan 903?
This plan may be suitable for:
- Individuals who prefer fixed cash benefits rather than reimbursement-based health insurance.
- Families looking for additional funds during hospitalisation or surgery.
- People who already have traditional health insurance and want an additional fixed-benefit backup.
- Individuals seeking a straightforward cash-benefit health insurance product.
- Senior citizens who fall within the applicable entry-age limits and need hospitalisation support.
It can also be considered as a supplementary health cover alongside a conventional medical expense reimbursement policy.
Tips Before Buying the Policy
Before purchasing LIC Jeevan Arogya Plan 903, consider the following:
- Use the LIC Jeevan Arogya calculator to estimate the applicable premium.
- Carefully read the sales brochure and complete policy document.
- Check the list of covered surgeries and procedures.
- Understand exclusions and waiting periods.
- Consider optional riders according to your protection requirements.
- Compare the plan with other available health insurance products.
- Contact LIC or an authorised LIC representative if you need clarification about policy conditions.
Benefits Summary
| Benefit | Description | Example |
| Hospital Cash Benefit | Fixed cash amount paid for each eligible hospitalisation day | ₹1,000 per day |
| Major Surgical Benefit | Lump-sum payment for covered major surgeries | ₹2,00,000 |
| Day Care Surgery Benefit | Fixed benefit for eligible day-care procedures | 5× Hospital Cash Benefit |
| Ambulance Charges | Fixed ambulance benefit | ₹1,000 |
| Premium Waiver Benefit | Following a qualifying major surgery claim, the next year's premium is waived | Yes |
The benefit examples above are based on the supplied source material.
Frequently Asked Questions
What is LIC Jeevan Arogya Plan 903?
LIC Jeevan Arogya Plan 903 is a fixed-benefit health insurance policy that provides daily hospitalisation cash and lump-sum benefits for eligible surgeries and day-care procedures.
When was LIC Jeevan Arogya Plan 903 launched?
The plan was introduced on 1st June 2011 and, according to the supplied material, remained available to new policyholders as of 2025.
Who can purchase LIC Jeevan Arogya Plan 903?
The source states that adults aged 18 to 65 years, children from 91 days to 17 years, and parents or parents-in-law aged 18 to 75 years can be covered, subject to the applicable policy conditions.
What are the main benefits of LIC Jeevan Arogya Plan 903?
The major benefits include daily hospital cash, lump-sum benefits for major surgeries, day-care procedure benefits, other surgical benefits, renewal increases, and premium waiver benefits.
Can family members be covered under the plan?
Yes. The plan can provide coverage for the principal insured, spouse, children, parents, and parents-in-law under the applicable family coverage provisions.
What is the waiting period for claims?
The supplied source states that there is a 90-day waiting period from the policy commencement date for the first claim.
Conclusion
LIC Jeevan Arogya Plan 903 is a fixed-benefit health insurance product designed to provide financial assistance through daily hospitalisation cash and lump-sum benefits for eligible surgeries and procedures. It also provides family coverage, renewal-related increases, and a premium waiver feature under specified conditions.
Because the benefits are predetermined rather than directly linked to actual hospital bills, the plan can serve as a useful financial backup during hospitalisation and major medical procedures.
Using the LIC Jeevan Arogya Calculator before purchasing can help users estimate premiums, compare coverage options, evaluate riders, and understand the overall financial commitment. It can be particularly useful for individuals looking for fixed cash benefits either alongside or independently of conventional health insurance policies.
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