LIC CANCER COVER Plan No. 905 is a non-linked, regular premium payment health insurance plan which provides fixed benefit in case the Life Assured is diagnosed with Cancer.

1. Cancer Care
PolicyLikely Launch on 14.11.2017

2. Conventional
Premium
Plan

3. Eligible Age Group
Minimum Age at Entry: 20
years Completed
Maximum Age at Entry: 65
years Lbd

4. Policy Term:
Minimum : 10 years
Maximum : 30 years

5. Maturity Age:
Minimum : 50 years Lbd
Maximum : 75 years Lbd

6. Sum Assured:
Minimum : 10 Lakhs
Maximum : 50 Lakhs
Multiples of Rs.1 Lakh

7. Mode Allowed:
Yearly
Half Yearly
Quarterly
Monthly (NACH & SSS)

8. Types of Sum Assured:
1. Basic Sum Assured
(Level Sum Assured )
2. Increasing Sum Assured
(+ 10 % Every Year, First 5
years )

9. Only Disease
Covered
CANCER

10. Cover for 2 types of Cancer
1. First Stage
2. Second Stage & above

11. On Detection of Cancer
1. For First Stage:
25 % Immediate Payment
3 years Premium Waived

12. On Detection of Cancer
For Second Stage:
Option – 1
100 % Applicable Sum Assured

13. On Detection of Cancer
For Second Stage:
Option – 2
% Applicable Sum Assured per month
for 10 years
irrespective of life or death
All Future Premiums Waived

14. On Detection of Cancer
For Second Stage:
Option – 2
All Future Premiums
Waived

15. Waiting Period
180 days

16. No Surrender Value
No Loan
No Maturity
No Mode Rebate

17. Mode Extra
For
Half yearly Mode
Extra 2 %

18. Tax Rebate
under section
80D
up to Rs.55,000

19. Payment of Claim Amount
By
Claims Dept of L.I.C
(Not by TPA)

20. Age Level
1
Male
Level
1
Female
Level
2
Male
Level
2
Female
30 1.19 2.42 1.56 3.35
40 2.58 4.70 3.58 6.57
50 8.42 8.39 11.95 11.42
For 20 years Term

21. Age Level
1
Male
Level
1
Female
Level
2
Male
Level
2
Female
30 1.69 3.09 2.32 4.36
40 4.72 5.61 6.05 7.98
50 N.A N.A N.A N.A
For 30 years Term