pwith any of the specified early and/or major stage cancer during the policy term, subject to certain terms 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 through 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 and Maximum cover ceasing age:
50 years and 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.