The Life Insurance Corporation of India (LIC) was established as the sole provider of insurance services. LIC operates at a global level with its presence in seven countries viz. London, Fiji, Sri Lanka, Bahrain, Saudi Arabia, and Nepal with a long list of insurance products to boast about. And one of the most popular products of this esteemed brand apart from Life Insurance is LIC Health Insurance plans.
LIC health insurance provides risk coverage against the expenses that might occur due to an unforeseen medical condition. In India, the cost of medical treatments is surging every day. Not having the adequate health insurance cover can burn your pockets. According to statistics, only 15% of the Indian population is covered with a health insurance policy. As per the World Health Organization, 3.2% of Indians fall under the poverty line by paying off hefty medical bills and 70% of Indians burnt out their entire income in healthcare.