Cancer Cover

Product Summary :
This is 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 certainterms and conditions.

The plan has two benefit options which have to be chosen by the proposer 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, Halfly

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 S.A. shall be in multiple of Rs.1,00,000

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. Lumpsum 25% of applicable Sum Assured payable and
ii. Next 3 years premiums waived.

B. Major Stage Cancer :
i. Lumpsum 100% of applicable Sum Assured payable minus any claim paid for A above if any.
ii. 1% of applicable Sum Assured guaranted payable for next 120 months. AND
iii. Waiver of future premiums. Maximum claim payable 220% of applicable sum assured.

Surrendered Value :
No surrender value will be available under the policy.

Loan :
No loan will be available under the policy.

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