Jeevan Arogya Vs Mediclaim: Know The Difference!

Health is a major point of concern for people in these COVID testing times, including yours. As the medical expenses are skyrocketing every passing day, it becomes traumatic not only mentally but also financially if you or any of your family member falls ill. As a responsible person, you need to provide security and comfort to your family. And when we talk about security, insurance is the first thing that crosses our minds.

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When we talk about health insurance, mediclaim automatically pops up. People often get confused between health insurance and mediclaim and think that both of these are the same. Well, they are on some level but there is also a difference between these two.

In this article, you will read all about Jeevan Arogya’s health plan and Mediclaim and understand the difference between these two. It is important to understand the difference so that you can pick out the policy that suits your needs as well as that of your family.

When we think about medical emergencies, we automatically think about having a mediclaim or health insurance. Let us evaluate them better.

What Is Jeevan Aroygya?

When health insurance comes to your mind, LIC’s Jeevan Arogya plan is worth giving a shot. A plan launched by the Life Insurance Corporation of India, Jeevan Arogya is a unique, non-linked health insurance plan. It provides health insurance coverage against specific health risks and offers timely support in case of any medical emergency covered under the plan. This plan helps you and your family to have financial security in difficult times.

What Is A Mediclaim?

Mediclaim insurance is a type of health insurance policy that provides specified financial coverage against health-related expenses at the time of medical emergency. There are 2 types of mediclaims:

  • Cashless: you don’t have to pay anything during the time of emergency from your pocket. The insurance company will take care of your medical expenses.
  • Reimbursement: in this case, you have to pay for the treatment yourself at the time of emergency and later you are reimbursed by your insurance company according to the limit of the policy you procured.

Benefits Of Jeevan Arogya And Mediclaim

Here are some benefits of both Jeevan Arogya and mediclaim that will help you understand the policy.

Benefits
Jeevan Arogya Mediclaim
Financial protection in case of hospitalization, surgery, or any other illness covered in the policy Immediate coverage of medical expenses when hospitalized
Increase of health cover every year In the cashless option, the insurance company directly pays at the hospital
Lump-sum benefits irrespective of actual medical cost In the reimbursement option, you have to pay and it will be reimbursed by the insurance company later
No claim benefit Generally, the sum assured is predecided
Flexible benefit limits as per your choice The plan can be purchased on an individual as well as the family basis
Flexible premium paying options -

Difference Between Jeevan Arogya And Mediclaim

Basis LIC Jeevan Arogya Mediclaim
Offered Coverage Jeevan Arogya plan offers comprehensive coverage against hospitalization charges, pre-hospitalization charges, post-hospitalization charges, ambulance expenses. A mediclaim plan provides coverage only for hospitalization, accident-related treatment, and pre-decided diseases for a pre-specified limit. 
Add on Coverage To enhance the insurance coverage, it offers Hospital cash benefits, Major Surgical Benefits, Day Care Procedure Benefits, Ambulance Benefits, Premium Waiver Benefits, etc. It doesn’t offer any add-on coverage.
Flexibility On the other hand, the Jeevan Arogya plan offers much-needed flexibility. Insurance buyers can reduce their health insurance premium amount after a specified period; they can even change their policy duration. It also offers flexible benefits to choose from and flexible premium paying options. When it comes to coverage, it offers no flexibility. 
Plan Features Generally, the benefits and features of a health insurance plan of a specific sum insured are the same as most insurance providers. Features of a mediclaim plan vary from insurance provider to insurance provider. Generally, different mediclaim insurance companies offer different mediclaim insurance coverage.
Critical Illness Cover It provides critical illness coverage for more than 30 plus critical diseases such as Cataract, slip disk, kidney failure, etc. It does not provide coverage for critical illnesses.
Sum Assured You can choose an amount of Initial Daily Benefit. The Major Surgical Benefit that you will be covered for will be 100 times the Initial Daily Benefit you have chosen. Thus the initial Major Surgical Benefit Sum Assured for Rs. 1000 per day will be Rs. 1,00,000. The sum assured for a medical insurance plan doesn’t exceed 5 Lakh Rupees.
Claims No claim benefit is paid during the period between Date of Commencement of policy and next Automatic Renewal Date or between two Automatic Renewal Dates In the mediclaim plan, a policyholder can file claims until the total amount assured is exhausted.
Hospitalization To avail of health insurance benefits, an insurer does not need to get hospitalized. Benefits like day-care procedure cover can be availed without getting hospitalized. To avail the mediclaim benefits, the insured must get hospitalized.

Finally

Before buying a mediclaim or Jeevan Arogya plan, the first thing you need to do is analyze your expectations with what the policies are offering. Simply put, mediclaim and health insurance are 2 instruments of mitigating health-related risks. Both exist to fulfill the insurance needs of the buyers, so it is up to you what plan you opt for.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Jeevan Arogya Vs Mediclaim: Know The Difference! Reviews & Ratings

4.8 / 5 (Based on 73 Reviews)
(Showing Newest 25 reviews)
Meer
Chalakudy, April 16, 2021
Easy claim settled
I bought the Lic India term plan from the suggestion of my family friend and he recommended me a lot of plans. He said that the claim settlement ratio is quick and easy. Also, it is protective plan.
Ram
Balasore, April 16, 2021
Child security fulfilled
I have bought a Lic India child plan online and it has been a year now. I like the way the this works. It is a nice plan I got for my child’s security.
Jyotsana
Asifabad, April 14, 2021
Additional riders
Along with my Lic India term insurance plan I have got the additional riders too. It has been an important thing for me and can be useful at any point in time. It can be added with a minimal amount.
Anubha
Mainpuri, April 14, 2021
Low premium
The premium rate of the child insurance plan of LIC India which I bought 3 years ago is best and it was under my budget. I was searching for some good plans related to child insurance. I got the way of buying this plan and loved it.
Nimesh
Lakhimpur Kheri, April 13, 2021
Tax rebate
I bought a Lic India term insurance policy online and it has been into my budget. Also, I like one thing that I would able to get the tax benefits under it. It is a good option and can be beneficial for all tax payers.
Amisha
Babina, April 13, 2021
Maturity benefits to get
It is easy to get the maturity benefits when LIC India child plan gets matured and my child would get a better return. It would be easy for him to get the best education and can go for a higher education abroad.
Jay
Lakhimpur, April 12, 2021
Safety
I feel safe and secured for my family when I will be not around. The Lic India ULIP plan will give the better returns and maturity benefits. And will be quite helpful for my family to sustain their future.
Amit
Raghunathpur, April 09, 2021
Happy customers
I am one of the happiest customer of Lic India term plan and I have found various good deals. It is the plan which has come under my budget. And it has been a protective shield for me and my family.
Ashok
Mota Chiloda, April 09, 2021
Great plan
I am happy with this plan and have recommended many people for the same. I bought the Lic India ulip plan 2 years back and It is a best kind of investment.
Azam
, April 09, 2021
Good Benefits
It is important for everyone to understand that benefit is must when you are buying a child insurance plan. I bought a beneficial child plan of LIC India.
Seema
Agra, April 07, 2021
Good plan
I like my Lic India term plan from the online market and I found the solace in this plan. It is a good thing to support yourself by getting the best term plan so secure the life.
Varun
Krishna, April 07, 2021
Dual benefit plan
I have recently bought a lic India ulip plan which is a dual benefit plan which provides with insurance and also investment. I like it and bought it. I have got various features under the same.
Sahil
Adoni, April 07, 2021
Offer protection
I had recently bought a Lic India child insurance plan online and it has been a best plan for my child’s safety and security. I really like the plan and it has given me the tremendous offer so that it can be utilize for my child. Nice plan.
Girish
Namakkal, April 06, 2021
Secure future
The Lic India pension was bought by me 2 years back so that I can secure my future and my family’s future. I really love it and found the plan much impressive. I have search for various good plans at reasonable premium.
Brijesh
Mishrikh, April 06, 2021
A great investment
I feel that the Lic India investment plan is a great investment and had been a great thing for me. I got the benefits and will receive a certain amount after maturity. In short I saved a lot of money and also get the best investment plan.
Amrit
Bairabi, April 05, 2021
A great alternative
I have found a best alternative for me along with my job. I have got the lic India pension plan policy. It is a good plan which I have bought for securing my future and it has been a wonderful plan for everyone.
Jassi
Udaipur, April 05, 2021
Maturity benefits
My Lic India investment plan has given me the maturity benefits. It includes the lump sum payment of sum assured amount. That’s a perfect way to invest.
Shobha
Aruppukkottai, April 01, 2021
Lot of features
In my Lic India pension plan I got to know about various features which has enhanced my future. I am future secured along with my job.
Puneet
Ambur, April 01, 2021
Effective plan
I had bought a Lic investment plan online and it has been a best plan. I had been taking several actions so that to save money for me and my family in future. I like the plan and have recommended many people in my known.
Ashraf
Babina, March 23, 2021
Additional riders and benefits
It is a good idea for everyone to buy a LIC term plan as I have got the additional riders too under the same. The plan is very nice and much helpful.
Monika
Aushgram, March 23, 2021
Great plans
I have founded my type of investment plan and its name is LIC Ulips plans. I really like this plan and have been secured for a longer period of time. It is a product which works on market trend and is one of the best type of investment.
Bhuwan
Anklav, March 22, 2021
Save under tax
I have saved a lot money under the name of tax. I really like this lic India child insurance and have got a good backbone for my child. It has become an easy tax. A kind of investment as well as security for my child’s future.
Naman
Anantnag, March 22, 2021
Tax benefits
With this LIC term insurance plan I received a tax rebate and tax benefits. I found it much better as compared to other plans and it’s a kind of coverage and investment for me. I am totally happy with this plan and found it worthy.
Ritwik
Lakhawati, March 22, 2021
Premium easy to pay
One of the best feature I like about LIC ULIP plan is that you can make the premium payment online. I bought this plan for the growth of me and my family. It will give a best result and outcome. I am happy that I bought this plan. Even the premium rates are reasonable.
Aman
B.khajuripada, March 17, 2021
Secure your child
I have recently secured my child’s future by buying a child insurance policy. It was the plan of lic India and its plans are really good. It was under my budget and I really like the plan as I want my child to fulfil all his dreams.
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