LIC's Cancer Cover is a non-linked, regular premium payment health insurance plan which provides fixed benefit in case the 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. The policy can be purchased offline as well as online.
Available through offline as well as online mode. For online mode please refer www.licindia.in
A long term, non-linked, non-participating, health insurance plan for various defined Cancer Conditions.
Proposal on own life ONLY will be considered.
Plan is allowed only under non medical.
The plan has two benefit options which have to be chosen by the proposer. The premium rates will vary depending on the option chosen.
Option I Level Sum Insured:
The Basic Sum Insured shall remain unchanged throughout the policy term.
Option II Increasing Sum Insured:
The Sum Insured increases by 10% of Basic Sum Insured each year for first five years starting from the first policy anniversary or until the diagnosis of first event of Cancer, whichever is earlier.
Minimum Sum Assured Rs.10,00,000/-
Maximum Sum Assured Rs. 50,00,000/-
Minimum age at entry 20 years (completed)
Maximum age at entry 65 years (nearest birthday)
Mimimum cover ceasing age 50 years
Maximum cover ceasing age 75 years
Minimum policy term 10 years
Maximum policy term 30 years
Minimum Premium Rs. 2400/- p.a.
Mode of payment Premiums are to be paid Half-Yearly or Yearly
Eligible life This plan is not allowed to NRIs & FNIOs. This plan is not allowed under Key man Insurance, Partnership Insurance but allowed under Employer- Employee schemes.