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 certain terms 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 through 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 and Maximum cover ceasing age :
50 years and 75 years

Minimum Premium Rs.2400 p.a. for all modes.

LIC’s Cancer Cover Benefit Details

• 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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