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