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Cancer Cover(905)

1,000,000.00

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Description

Plan :Cancer Cover (905)

Product Summary :
This is non-linked, regular premium payment health insurance plan which provides fixed benefit in case life assured is diagnosed with any of the specified early and/or major stage cancer during the policy term, subject to certain terms and conditions.
The plan has two benefit options which have to be chosen by the proposer at the outset.
Option 1: Level Sum Insured :
The Basic Sum Assured remains same through out the term.
Option 2: Increasing Sum Insured :
10% increase in Sum assured for 1st 5 years or till diagnosis of specified cancer.

Premium Payment Mode:
Yearly, Halfly

Minimum Entry Age :
• 20 Years (completed)

Maximum Entry Age :
• 65 Years (last birthday)

Minimum Policy Term :
10 years

Maximum Policy Term :
30 years

Minimum Sum Assured :
• Rs.10,00,000

Maximum Sum Assured :
• Rs.50,00,000

Basic S.A. shall be in multiple of Rs.1,00,000
Minimum and Maximum cover ceasing age :
50 years and 75 years

Minimum Premium Rs.2400 p.a. for all modes.
Policy Benefits :
A. Early stage cancer :
Payable once for the 1st ever event
i. Lumpsum 25% of applicable Sum Assured payable and
ii. Next 3 years premiums waived.

B. Major Stage Cancer :
i. Lumpsum 100% of applicable Sum Assured payable minus any claim paid for A above if any.
ii. 1% of applicable Sum Assured guaranted payable for next 120 months. AND
iii. Waiver of future premiums. Maximum claim payable 220% of applicable sum assured.

Surrendered Value :
No surrender value will be available under the policy.

Loan :
No loan will be available under the policy.

Additional information

Plan

Cancer Cover (905)

Product Summary

cancercover

Premium Paying Mode

yh

Term/PPT

10 years to 30 years

Minimum Entry Age

20 Years (completed)

Maximum Entry Age

• 65 Years (last birthday)

Minimum Sum Assured

Rs.10,00,000

Maximum Sum Assured

Rs.50,00,000

Minimum Policy Term

10 years

Maximum Policy Term

30 years

Cover Ceasing Age

50 years and 75 years

Policy Benefits on Death

cancercover

Surrendered Value

The policy can be surrendered at any time during the policy term provided premiums have been paid for full two years.

Loan

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

Income Tax Benefit

Premium paid under this plan is eligible for TAX rebate under section 80c. • Maturity under this plan is free under sec 10(10D).

On Survival

cancercover

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