Cancer Cover Plan (T-905)

Cancer Cover Plan (T-905)

LIC Cancer Cover Plan is a cancer specific Health Plan which provides coverage to the policyholder in case she/he is diagnosed with any of early stage cancer or major stage cancer.

 

LIC Cancer Cover Plan – USP’s

Let’s check some unique selling points of Cancer Cover Plan

  • Provides cover for both early stage cancer and major stage cancer.
  • Level sum assured and Increasing sum assured both options are available in this plan.
  • 25 % of applicable sum assured will be immediately given to the policyholder in case she/he is diagnosed with early stage cancer and next 3 years premium will be waived off.
  • 100% of applicable sum assured will be immediately given to the policyholder in case she/he is diagnosed with major stage cancer and all the future premium will be waived off & in addition to that 1 % of applicable sum assured will be given every month to the policyholder for the next 10 years.
  • Claim payment directly by LIC Claim Department so hassle free process of claim settlement.
  • Extra income tax rebate in section 80D up to 55,000.

 

Eligibility Criteria:

            Minimum Age to Apply                         20 Years (Completed) 
            Maximum Age to Apply                       65 Years (Last Birthday)
                         Policy Term                                10 to 30 Years 
           Minimum Maturity Age                       50 Years (Last Birthday)
           Maximum Maturity Age                       75 Years (Last Birthday)
           Premium Paying Mode                        Yearly and  Half Yearly
     Minimum Basic Sum Assured                                   10 Lakhs
     Maximum Basic Sum Assured                                   50 Lakhs
              Types of sum assured  Level sum assured (Sum assured remains unchanged during the term) 
 Increasing sum assured(Sum assured increases 10% every year for first 5 years/diagnosis)

 

LIC Cancer Cover Plan Details

2 responses to “Cancer Cover Plan (T-905)”

  1. john ray says:

    nice article and good working

  2. johnray says:

    Thanks for sharing this info. it’s really nice.

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