LIC’S NEW CANCER COVE

Plan No. 908 | UIN: 512N370V01

Financial Support When Cancer Affects More Than Health Cancer treatment can affect income, savings, household commitments and the family’s long-term financial plans.

LIC’s New Cancer Cover is a regular-premium, non-linked, non-participating, individual health insurance plan. It provides fixed financial benefits on the first diagnosis of specified Early Stage or Major Stage Cancer, subject to the policy definitions and conditions.

The benefit is not linked to the actual medical expenses incurred.

Key Benefits

Early Stage Cancer Benefit

On the first admissible diagnosis of a specified Early Stage Cancer:

- 25% of the Applicable Sum Assured is payable as a lump sum.
- Future premiums are waived for the next three policy years or the outstanding policy term, whichever is shorter.

Coverage for specified Major Stage Cancer may continue after an admissible Early Stage Cancer claim, subject to policy conditions.

Major Stage Cancer Benefit

On the first admissible diagnosis of specified Major Stage Cancer:
- 100% of the Applicable Sum Assured is payable as a lump sum.
- This benefit is payable irrespective of an earlier admissible Early Stage Cancer benefit.

Monthly Income for Ten Years

In addition to the Major Stage Cancer lump-sum benefit, an amount equal to 1% of the Applicable Sum Assured is payable every month for ten years.

If the insured person dies during this ten-year income period, the remaining monthly income payments continue to the nominee as and when due.

Two Cover Options

Option I – Level Sum Assured

The Basic Sum Assured remains unchanged throughout the policy term.

Option II – Increasing Sum Assured

The Sum Assured increases by 10% of the Basic Sum Assured on each of the first five policy anniversaries, provided no specified cancer has been diagnosed.

Once selected, the benefit option cannot be changed later.

Premium Certainty

Premium rates are guaranteed throughout the policy term, subject to the terms of the plan and applicable taxes.

Eligibility at a Glance

- Minimum entry age: 18 years
- Maximum entry age: 65 years - Policy term: 10 to 15 years
- Maximum maturity age: 75 years
- Basic Sum Assured: Minimum depends upon entry age
- Maximum Basic Sum Assured: ₹50 lakh
- Premium payment: Yearly or half-yearly
- Premium-paying term: Equal to the policy term

Important Conditions

- A waiting period of 180 days applies from the policy-issuance or revival date, whichever is later.
- A survival period of seven days, including the date of diagnosis, applies to an Early or Major Stage Cancer claim.
- Early and Major Stage Cancer must satisfy the precise definitions given in the policy.
- An Early Stage Cancer benefit is payable only once.
- Once the Major Stage Cancer Benefit is paid, no further cancer claim is admissible under the plan, although the applicable monthly income benefit continues.
- The plan does not provide a death benefit, maturity benefit, paid-up value, surrender value or policy loan.
- Pre-existing cancer, precancerous conditions and other specified exclusions are governed by the policy document.

NEED HELP CHOOSING THE RIGHT HEALTH PROTECTION?

Every family’s health history, existing Mediclaim, financial responsibilities and protection requirements are different.

Before selecting a plan, understand:

- What your existing Mediclaim covers
- Which expenses may remain outside reimbursement
- How a long recovery period may affect family income
- Whether you require hospitalisation support, cancer-specific protection or both

Let Us Review Your Health Protection Together

IMPORTANT DISCLAIMER

This content provides only a brief overview and is intended for general awareness. It does not constitute a complete description of either insurance product. Benefits are subject to policy terms, definitions, waiting periods, exclusions, underwriting requirements and claim admissibility. Please refer to LIC’s official Sales Brochure, Customer Information Sheet and Policy Document before making a purchase decision. Insurance is the subject matter of solicitation.