LIC's Cancer Cover

LIC's Cancer Cover is a non-linked, regular premium payment health insurance plan which provides fixed benefit in case the 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 policy can be purchased offline as well as online.

Features:

  • Available through offline as well as online mode. For online mode please refer
  • A long term, non-linked, non-participating, health insurance plan for various defined Cancer Conditions.
  • Proposal on own life ONLY will be considered.
  • Plan is allowed only under non medical.
  • e-KYC is must for online purchase, please keep your Aadhar details ready.

The plan offers two benefit options wherein you have the flexibility to choose the type of Sum Insured at the inception.

Benefits:

The following benefits are payable during the policy year under an inforce policy:

A. Early Stage Cancer: Benefits payable on first diagnosis of any one of the specified Early Stage Cancers, provided the same is admissible are -

(a) Lump sum benefit: 25% of Applicable Sum Insured shall be payable

(b) Premium Waiver Benefit: Premiums for next three policy years or balance policy term whichever is lower, shall be waived from the policy anniversary coinciding or following the date of diagnosis.

Early Stage Cancers covered:

The diagnosis of any of the listed below conditions must be established by histological evidence and be confirmed by a specialist in the relevant field.

Carcinoma-in-situ (CIS):

Carcinoma-in-situ means the presence of malignant cancer cells that remain within the cell group from which they arose. It must involve the full thickness of the epithelium but does not cross basement membranes and it does not invade the surrounding tissue or organ. The diagnosis of which must be positively established by microscopic examination of fixed tissues.

Prostate Cancer – early stage:

Early Prostate Cancer that is histologically described using the TNM classification as T1N0M0 with a Gleason Score 2 (two) to 6(six).

Thyroid Cancer – early stage:

All thyroid cancers that are less than 2.0 cm and histologically classified as T1N0M0 according to TNM classification. Final Sales Brochure – LIC’s Cancer Cover Page 2 of 7.

Bladder Cancer – early stage:

All tumors of the urinary bladder histologically classified as TaNoMo according to TNM classification.

Chronic Lymphocytic Leukaemia – early stage:

Chronic Lymphocytic Leukaemia categorized as stage 0 (zero) to 2 (two) as per the Rai classification.

Cervical Intraepithelial Neoplasia:

Severe Cervical Dysplasia reported as Cervical Intraepithelial Neoplasia 3 (CIN3) on cone biopsy.

  • Hospital cash benefit (HCB)
  • Major Surgical Benefit (MSB)
  • Day Care Procedure Benefit
  • Other Surgical Benefit
  • Ambulance Benefit
  • Premium waiver Benefit (PWB)

Tables below give an indicative annual premium, payable yearly, for all health benefits corresponding to an Initial Daily Benefit of ` 1000 per day, for some of the ages in respect ofvarious lives that can be covered under a single policy:

PRINCIPAL INSURED (Male)

Age at entry Premium (`)
20 1922.65
30 2242.90
40 2799.70
50 3768.00

SPOUSE (Female) / PARENT (of PI/Spouse) (Female)

Age at entry Premium (`)
20 1393.15
30 1730.65
40 2240.60
50 2849.10

CHILD

Age at entry Premium (`)
0 792.00
5 794.75
10 812.35
15 870.75

(Premiums indicated are exclusive of Service Tax)

Who can be insured?

You (as Principal Insured (PI)), your spouse, your children, your parents and parents of your spouse can all be insured under one policy. Quite a relief isn’t it, to have all insured under one policy!

The minimum and maximum age at entry is as under:

Minimum age at entry

Maximum age at entry

Self / spouse

18 years

65 years (last birthday)

Parents / parents-in-law

18 years

75 (last birthday)

Children

91 days

17 years (lastbirthday)

How long are each insured under this policy?

Each of the insured are covered for Health risks up to age (80). Children are insured up to age 25 years.