The Special Health Insurance Plan from LIC of India is designed to cover the significant medical costs associated with cancer treatment. It offers set benefits in the event that a Life Assured is identified as having one of the listed Early and/or Major stages of Cancer during the period of the policy.
Plan Benefits
Tax Saving Under Section 80 D
Tension Free Life from Cancer Treatment
| Minimum | Maximum | |
| Age at Entry | 20 years (completed) | 65 years (last birthday) |
| Policy Term | 10 years | 30 years |
| cover ceasing age | 50 years | 75 years |
| Basic Sum Insured | Rs.10,00,000/- | Rs.50,00,000/- |
Sum Assured In multiples of Rs.100,000/- only
Available Mode : Yearly and Half Yearly with Minimum Premium as Rs.2400/-p.a.for all modes
| Condition | Early Stage Cancer | Major Stage Cancer |
| Death Benefit | No any death benefit is payable on the death of any insured | No any death benefit is payable on the death of any insured |
| Maturity Benefit | No any benefits are payable at the end of the cover period | No any benefits are payable at the end of the cover period |
| Lump Sum Benefit | 25% of Applicable Sum Assured payable immediately | 100% of Applicable Sum Assured payable immediately |
| Premium Waiver Benefits | Premium for three years or Balance Policy term, whichever is less shall be waived | Premium for remaining Policy term, whichever is less shall be waived |
| Income Benefits | Not Applicable | 1% of Applicable Sum Assured is payable every month for a period of fixed 10 Years |
Tax Benefit under Section 80D of Income Tax Act 1961.
Option to Increase Sum Assured by 10% of Basic Sum Assured Every Year for first 5 Years.
Documents Required:
- Medical history
- Address proof
- Know your customer documents
- Medical examination (depending on your age or the sum assured)
- Medical examination (depending on your age or the sum assured)
