LIFE INSURANCE CORPORATION CANCER COVER -905

LIFE INSURANCE CORPORATION

 CANCER COVER -905

PRODUCT SUMMERY:

1.Non linked
2.Regular premium payment health insurance plan which provides fixed benefits in case life assured is diagnosed with any of the specified early and or major stage during the policy term subject to certain terms and conditions.

THE PLAN HAS TWO BENEFITS:

Which have to be chosen by the proposer at the outset.

1) Level sum Insured :

The basic sum assured remains same through out the term.

2) Increasing sum assured:

10% increase in sum assured for 1st 5 years or till diagnosis of specified cancer.

PREMIUM PAYMENT MODE:

• Yearly
• Halfly

MINIMUM POLICY TERM:

10 Years

MAXIMUM POLICY TERM:

30 Years.

MINIMUM ENTRY AGE :

20 Years (completed)

MAXIMUM ENTRY AGE:

65 Years (last birthday)

MINIMUM & MAXIMUM COVER CEASING AGE:

50 Years & 75 Years.

MINIMUM SUM ASSURED:

Rs 10,00,000

MAXIMUM SUM ASSURED:

Rs. 50,00,000

Basic Sum Assured shall be multiple of Rs 1,00,000.

Minimum Premium Rs 2400 P.a for all modes.

A) EARLY STAGE OF CANCER:

Payable once for he 1st year.

i)Lumpsum 25% of applicable sum Assured payable
ii) Next 3 year premium waived.

B) MAJOR CANCER:

i)Lumpsum 100% of applicable sum assured payable  - any claim paid for A above if any.

ii) 1% of applicable sum assured guaranted payable for next 120 months.

AND

iii) waiver f future premiums.Maximum claim payable  220% of applicable sum assured.

SURRENDERED VALUE:

No surrender value will be available under the policy.

LOAN:

No loan facility will be available under the policy.



FOR MORE INFORMATION:

ALLWIN J
LIC Agent,
Ph: +91 82202 00471
       +91 63821 58007
EMAIL: allwin.js2009@gmail.com
BLOG: www.licinsuranceforall.blogspot.com