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  • 905 Cancer Cover_English

    It is a regular premium, non-linked, health insurance plan.


    905 Cancer Cover_Hindi

    It is a regular premium, non-linked, health insurance plan.


    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

    Eligibility Criteria


     MinimumMaximum
    Age at Entry20 years (completed)65 years (Last birthday)
    Policy Term10 years30 years
    cover ceasing age50 years75 years
    Basic Sum InsuredRs. 15,00,000/- (for age 41-65 yrs)Rs.50,00,000/-
    Rs. 25,00,000/- (for age 35-40 yrs)
    Rs. 35,00,000/- (for age 20-34 yrs)

     

    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