Cancer Cover - Vision India Insurance

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.

 

  • Lump sum Benefit in case of diagnosis

    When a cancer is diagnosed in the early stages, 25% of the applicable sum assured and 100% of the applicable sum assured, respectively, are payable right away.

  • Premium Waiver Benefit

    Early-stage cancer cases will not be subject to the three-year premium requirement or the remaining policy term, whichever is less.
    In the event of a major stage of cancer, the premium for the remaining term of the policy shall be waived.

  • Monthly Income Benefit

    In addition to the lump sum payment, 1% of the applicable sum assured is paid each month for a predetermined period of 10 years in cases of major stage cancer

Plan Benefits

Tax Saving Under Section 80 D

Tension Free Life from Cancer Treatment

 MinimumMaximum
Age at Entry20 years (completed)65 years (last birthday)
Policy Term10 years30 years
cover ceasing age50 years75 years
Basic Sum InsuredRs.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

ConditionEarly Stage CancerMajor Stage Cancer
Death BenefitNo any death benefit is payable on the death of any insured No any death benefit is payable on the death of any insured 
   
Maturity BenefitNo any benefits are payable at the end of the cover periodNo any benefits are payable at the end of the cover period
   
Lump Sum Benefit25% of Applicable Sum Assured payable immediately100% of Applicable Sum Assured payable immediately
Premium Waiver BenefitsPremium for three years or Balance Policy term, whichever is less shall be waivedPremium for remaining Policy term, whichever is less shall be waived
Income BenefitsNot Applicable1% 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:

Important links

Customer Spotlight

Contact

info@visionindiainsurance.com

+91-97919333444

© VisionIndiaInsurance| 

Scroll to Top