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 certainterms 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 thru 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 & Maximum cover ceasing age : 50 years & 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.