LIC launches Unit Linked Health Insurance plan

In the morning when I started reading the day's newspaper one advertisement which caught my attention was and advertised of "Unit Linked Health Insurance" Plan from Life Insurance Corporation of India.
LIC is today lauching nationally the Unit Linked Health Insurance plan. I think it is the first time a health insurance plan is launched as a unit linked policy. The policy provides for Hospitalisation Cash benefit and Surgery Benefit. The administration and other charges are little high.

• LIC is planning to invest between 10% to 50% of the insurance premium in equity market.
• 30% of the first year premium would be taken as adminstration and other charges.
• 6% of the premium would be taken from the second year as administration charges.

The details available at this moment are very sketchy.
Came across this blog with some information on this policy. Click here to view further details.