Cancer Cover 905

Policy Type: Health Insurance Plan

Policy Information:

The plan has two benefit options which have to be chosen by the proposer at the outset.

Option 1: Level Sum Assured: The Basic Sum Assured remains same through out the term.

Option 2 : Increasing Sum Assured: 10% increase in Sum Assured for 1st 5 years or till diagnosis of specified cancer.

Policy Highlights:

• Minimum Basic Sum Assured: 10,00,000/-

• Maximum Basic Sum Assured: 50,00,000/-

• Minimum Policy Term: 10 years

• Maximum Policy Term: 30 years

• Minimum Entry Age: 20 years (completed)

• Maximum Entry Age: 65 years (nearer birthday)

• Mode of Premium Payment: Yearly & Half-yearly

Policy Benefits:

A. Early Stage Cancer

Payable once for the 1st ever event

• Lumpsum 25% of applicable Sum Assured payable

• Next 3 years premiums waived

B. Major Stage Cancer

• Lumpsum 100% of applicable Sum Assured payable minus any claim for A above if any.

• 1% of applicable Sum Assured guaranteed payable for next 120 months.

• Waiver of future premiums. Maximum claim payable 220% of applicable sum assured.

Loan on Policy:

• Loan Facility is available under this plan, after payment of premiums for at least 2 full years.

Income Tax Benefits:

• Maturity under this plan is free under sec 10(10D)