Protect your finance against Cancer. It is a regular premium payment plan which provides financial protection in case the Life Assured is diagnosed with any specified Early or Major Stage Cancer.
Features & Conditions
- The policy has two types of Sum Insured. 1) Level Sum Insured 2) Increasing Sum insured
- Minimum Policy Sum Insured is 10 Lakh and the Maximum is 50 Lakh.
- Age at entry is between 20 and Maximum 65 Years
- No Pre Medical Screening
- Lumpsum Benefit.
- Policy Waiting Period is 180 Days
- Early Stage diagnosis 25% of Sum Insured.
- If Early-stage detects and paid 25% of Sum Insured then next three policy years or balance policy term whichever is lower shall be waived.
- Major Stage Diagnosis remaining amount of early-stage or complete amount of Sum Insured whichever is applicable? No premium needs to pay for the remaining Periods.
- Income Benefit for 1% Sum Insured every policy month (maximum 120 Months)after detecting Major Stage to the Life Assured or Nominee
- No Blood Relatives (Parents, Brothers, and Sisters) are died before the age of 60 years due to Cancer
- Minimum Premium for Yearly Payment is Rs 2400+Tax for 10 Lakh Sum Insured.
- Income Tax Benefit Under Sec 80 D for all noncash payments.