Kasinathan Insurance Consultant

Plan name : 905-Cancer Cover

This is a fixed benefit health plan offering payouts for treatment of cancer. In case the customer is diagnosed with cancer, this plan will offer benefits irrespective of the costs incurred in the treatment. LIC Cancer Cover provides protection in case of Early Stage and Major Stage Cancer.
 

Age Entry : 20-65 yrs 
Cover Ceasing : 50-75 yrs 
Policy Term : 10-30 yrs 
Sum Assured : 10,00,000-50,00,000 
Sum Assured multiples : 1,00,000 
Mode of payment  : YLY,HLY 
ServiceTax
18.0% 
Loan : Not Availble 
Surrender : Not Availble 
Option 1: LEVEL SUM INSURED:
The Basic Sum Assured is same throughout the trem
Option 2: INCREASING SUM INSURED:
10% increase in Sum Assured for first 5 yrs or till of diagnosis of specified cancer
Minimum Premium Rs.2400 p.a. for all modes.
Policy Benefits :

A. Early stage cancer :
Payable once for the 1st ever event

i. Lumpsum Benefit: 25% of applicable Sum Assured payable 
ii. Premium Weiver Benefit: Premiums for next 3 yrs or balnce policy term whichever is earlier

B. Major Stage Cancer :
i. Lumpsum Benefit: 100% of applicable Sum Insured minus any claim paid for Early Stage.
ii. 1% of applicable Sum Assured payable for next 10 yrs on each policy month
iii. Waiver of future premiums