There is a wide range of health plans available in the market today. The best one is the one that meets your requirement. However, if you're looking for a health plan particularly from LIC then 'Jeevan Arogya' is the best LIC medical insurance plan to go with. LIC's Jeevan Arogya is a non-linked, non-participating health insurance plan. The plan covers you, your spouse, your children, your parents and your spouse's parents, thereby providing a comprehensive coverage. It pays out a lump sum amount for the treatment regardless of the actual cost incurred on hospitalization.