CANCER COVER PLAN (T-905)

LIC’s Cancer Care Plan (T-905) is the only weapon to fight with one of the dangerous disease.

Cancer Care Plan is a non linked regular premium health insurance plan which provides fixed benefits in case of Life Assured is diagnosed with any of the specified early cancer or major stage cancer during the term of the policy.

 

KEY FEATURES:

 

  • Best plan in the scenario of increasing health ailments like a major disease cancer.
  • Level sum assured & increasing sum assured two options are available to be selected by life assured.
  • Covers for two types of cancer i.e. Early Stage Cancer and Major Stage Cancer are available.
  • On detection of cancer for early stage 25% of applicable sum assured will be given to life assured immediately and next 3 years premium will be waived off.
  • On detection of cancer for major stage 100% of applicable sum assured will be given to life assured immediately and in addition to that 1% of applicable sum assured will be given every month to the life assured for the next 10 years (120 Months ) and all the future premiums will be waived off.
  • Income tax rebate up to ₹ 55,000 under section 80D.
  • Payment of claim will be directly by claim department of LIC and not by any TPA so easy and hassle free process of claim settlement.
  • A waiting period of 180 days will apply from date of commencement of policy.

 

 

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 only

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)

 

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