Plan Summary: Cancer Cover plan is a non-linked, regular premium payment health insurance plan which provides fixed benefit in case life assured is diagnosed with any of the specified early and/or major stage cancer during the policy term, subject to certain terms and conditions.
This plan has two benefit options which can be chosen by the proposer or the policy holder at the outset.
Option 1: Level Sum Insured : The Basic Sum Assured remains same thru out the term.
Option 2: Increasing Sum Insured : 10% increase in Sum assured for 1st 5 years or till diagnosis of specified cancer.
Premium Payment Mode: Yearly, Half-yearly
Minimum Entry Age : 20 Years (completed)
Maximum Entry Age : 65 Years (last birthday)
Minimum Policy Term : 10 years
Maximum Policy Term : 30 years
Minimum Sum Assured : Rs.10,00,000
Maximum Sum Assured : Rs.50,00,000
Basic Sum Assured shall be in multiple of Rs.1,00,000 mandatory.
* Minimum & Maximum cover ceasing age : 50 years & 75 years
* Minimum Premium Rs.2400 p.a. for all modes.
Policy Benefits :
A. Early stage cancer : Payable once for the 1st ever event
i. Lump-sum 25% of applicable Sum Assured payable and
ii. Next 3 years premiums waived.
B. Major Stage Cancer :
i. Lump-sum 100% of applicable Sum Assured payable minus any claim paid for A above if any.
ii. 1% of applicable Sum Assured guaranteed payable for next 120 months. AND
iii. Waiver of future premiums. Maximum claim payable 220% of applicable sum assured.
Surrendered Value of Policy:
There will be No surrender value available under the Cancer Cover policy at any time.
Loan Facility:
No loan facility will be available under the Cancer Cover policy.
This plan has two benefit options which can be chosen by the proposer or the policy holder at the outset.
Option 1: Level Sum Insured : The Basic Sum Assured remains same thru out the term.
Option 2: Increasing Sum Insured : 10% increase in Sum assured for 1st 5 years or till diagnosis of specified cancer.
Premium Payment Mode: Yearly, Half-yearly
Minimum Entry Age : 20 Years (completed)
Maximum Entry Age : 65 Years (last birthday)
Minimum Policy Term : 10 years
Maximum Policy Term : 30 years
Minimum Sum Assured : Rs.10,00,000
Maximum Sum Assured : Rs.50,00,000
Basic Sum Assured shall be in multiple of Rs.1,00,000 mandatory.
* Minimum & Maximum cover ceasing age : 50 years & 75 years
* Minimum Premium Rs.2400 p.a. for all modes.
Policy Benefits :
A. Early stage cancer : Payable once for the 1st ever event
i. Lump-sum 25% of applicable Sum Assured payable and
ii. Next 3 years premiums waived.
B. Major Stage Cancer :
i. Lump-sum 100% of applicable Sum Assured payable minus any claim paid for A above if any.
ii. 1% of applicable Sum Assured guaranteed payable for next 120 months. AND
iii. Waiver of future premiums. Maximum claim payable 220% of applicable sum assured.
Surrendered Value of Policy:
There will be No surrender value available under the Cancer Cover policy at any time.
Loan Facility:
No loan facility will be available under the Cancer Cover policy.
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