‘Arogya Rakshak’ Health Insurance Plan -- LIC

Current Context: The Life Insurance Corporation of India (LIC) launched a health insurance plan called ‘Arogya Rakshak’.

• It is a non-linked, non-participating, regular premium based, individual health insurance policy.
• It offers a fixed benefit cover of health insurance against specified health hazards.
• It was launched by M Jagannath, Zonal Manager of South Central Zone of LIC.
• The plan offers timely finance support for medical emergencies to the individual and family insured under it.
• The individual can insure spouse, children and parents under one plan.
• It has a different mode of payment i.e., unlike regular health insurance policies. The ‘Arogya Rakshak’ plan pays the total benefit amount which is insured irrespective of the actual cost of medical expenses.
• The age limit for the plan is: The insured person/spouse/parents must be between 18-65 years and children must be between 91 days to 20 years.
• The cover period for the insured person/spouse/parents is 80 years and the cover period for children is 25 years.
• It offers flexible premium payment options.
• Also, the New Term Insurance Rider and Accident Benefit Rider are the optional riders included in the policy plan.
• After 3 years, the health cover can be raised through Auto Step Up benefit and No Claim benefit option.
• Static Part: 
• HQ of LIC: Mumbai
• Chairperson of LIC: M R Kumar

Question: 

Q.1 Which insurance provider launched a health insurance plan called ‘Arogya Rakshak’?
a. ICICI Prudential Life Insurance
b. Life Insurance Corporation of India
c. United India Insurance Company Limited
d. General Insurance Corporation of India