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The Special Health Insurance plan offered by LIC of India to protect high medical cost required for Cancer Treatment. It provides fixed benefits in case of Life Assured are diagnosed with any of the specified Early and/or Major stage of Cancer during policy term.

Increasing Sum Assured

Option to increase Sum Assured by 10% of Basic Sum Every Year for first Five Year Or until the diagnosis of first event of Cancer, whichever is earlier.


Lump sum Benefit in case of diagnosis

In case of Early stage Cancer, 25% of Applicable Sum Assured and in case of Major stage Cancer, 100% of Applicable Sum Assured is payable immediately on diagnosis.


Premium Waiver Benefit

In case of Early stage Cancer, Premium for three years or Balance Policy term, whichever is less shall be waived. In case of Major stage Cancer, Premium for balance Policy term shall be waived.


Monthly Income Benefit

In case of Major Stage Cancer, in addition to lump sum benefit, 1% of Applicable Sum Assured is payable every month for a period of fixed 10 Years.


Advantages

Tax Saving Under Section 80 D
Tension Free Life from Cancer Treatment

Conditions



 

Minimum

Maximum

Age at Entry

20 years (completed)

65 years (last birthday)

Policy Term

10 years

30 years

cover ceasing age

50 years

75 years

Basic Sum Insured

Rs.10,00,000/-

Rs.50,00,000/-

 

Sum Assured In multiples of Rs.100,000/- only


Available Mode : Yearly and Half Yearly with Minimum Premium as Rs.2400/-p.a.for all modes

 

Benefits:-

 

Condition

Early Stage Cancer

Major Stage Cancer

Death Benefit

No any death benefit is payable on the death of any insured 

 

No any death benefit is payable on the death of any insured 

 

Maturity Benefit

No any benefits are payable at the end of the cover period

 

No any benefits are payable at the end of the cover period

 

Lump Sum Benefit

25% of Applicable Sum Assured payable immediately

100% of Applicable Sum Assured payable immediately

Premium Waiver Benefits

Premium for three years or Balance Policy term, whichever is less shall be waived

Premium for remaining Policy term, whichever is less shall be waived

Income Benefits

Not Applicable

1% of Applicable Sum Assured is payable every month for a period of fixed 10 Years

 

 

Other Benefits:

 

Tax Benefit under Section 80D of Income Tax Act 1961

 

Option to Increase Sum Assured by 10% of Basic Sum Assured Every Year for first 5 Years.