LIC's Cancer Cover - Life Insurance Policy
(Whole life assurance plan)

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. FEATURES - 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.

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Benefit Options
The plan has two benefit options which have to be chosen by the proposer. The premium rates will vary depending on the option chosen.
Option I Level Sum Insured:		The Basic Sum Insured shall remain unchanged throughout the policy term.
Option II Increasing Sum Insured:		The Sum Insured increases by 10% of Basic Sum Insured each year for first five years starting from the first policy anniversary or until the diagnosis of first event of Cancer, whichever is earlier.
Benefits payable
Provided the policy is inforce, on first diagnosis of any one of the specified Early/Major Stage Cancers
Early Stage Cancer		1. Lump sum benefit of 25% of applicable Sum Insured shall be payable.	2. 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.
Major Stage Cancer		1. Lump sum benefit of 100% of Applicable Sum Insured less any previously paid claims in respect of Early Stage Cancer shall be payable.	2. In addition to above lump sum benefit, Income Benefit of 1% of Applicable Sum Insured shall be payable on each policy month following the payment of Lump Sum, for a fixed period of next ten years irrespective of the survival of the Life Insured and even if this period of 10 years goes beyond the policy term. In case of death of the Life Assured while receiving this Income Benefit, the remaining payouts, if any, will be paid to his/her nominee.	3. All the future premiums shall be waived from the next policy anniversary and the policy shall be free from all liabilities except to the extent of Income Benefit as specified above.
Maturity Benefit: No maturity benefit is payable under this plan.
Death Benefit: No death benefit is payable under this plan..

ELEGIBILITY:

Minimum Sum Assured		Rs.10,00,000/-
Maximum Sum Assured		Rs. 50,00,000/-
Minimum age at entry		20 years (completed)
Maximum age at entry		65 years (nearest birthday)
Mimimum cover ceasing age		50 years
Maximum cover ceasing age		75 years
Minimum policy term		10 years
Maximum policy term		30 years
Minimum Premium		Rs. 2400/- p.a.
Mode of payment		Premiums are to be paid Half-Yearly or Yearly
Eligible life		This plan is not allowed to NRIs & FNIOs. This plan is not allowed under Key man Insurance, Partnership Insurance but allowed under Employer- Employee schemes.

• ♦ What is LIC's Cancer Cover Policy?

  -
  → 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. However, no maturity benefit or death benefit is payable under this policy.

• ♦ Who should buy Cancer Cover ?

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  → People above 20 yrs with moderate to high income groups, who want to provide a broad safety net to manage the uncertainty and financial strain that comes with cancer illness both for treatment and maintenance of life.

• ♦ Why should you buy a Cancer Cover policy online ?

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  → Corporation offers 7% rebate of Tabular Premium for policies sold online. In addition it saves your time and energy.

• ♦ What are the Qualifying criteria of LIC's Cancer Cover?

  → The proposer should be Indian Citizen residing in India. He should not be an NRI or FNIO.

  → Minimum entry age: 20 years (Completed).

  → Maximum entry age: 65 years (Nearest Birthday)

  → Minimum cover ceasing age: 50 years

  → Maximum cover ceasing age: 75 years

  → One cannot propose for anyone other than self.

• ♦ What is the minimum and maximum Policy Term?

  → Minimum Policy Term: 10 years

  → Maximum Policy Term: 30 years

• ♦ What are the premium payment modes available?

  -
  → The Premiums can be paid in Half-Yearly or Yearly modes only.

• ♦ How can you make payment towards LIC's Cancer Cover plan ?

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  → You can make payment through Net banking, Debit Card, Credit Card, Amex Card, UPI, IMPS and e-wallets.

• ♦ What are the charges under credit card?

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  → For the Credit Card transactions, the existing customer convenience fee charges for different payment-ranges as listed below.

   

  Card Type	Premium Payment Range	Convenience Fee charged to Customer
  1)Visa/ Master Credit Card	Upto Rs. 5,000	Rs. 20 per Transaction + GST
  	Rs. 5,001 to 10,000	Rs. 45 per Transaction + GST
  	Rs, 10,001 to 25,000	Rs. 80 per Transaction + GST
  	Rs. 25,001 to 50,000	Rs. 190 per Transaction + GST
  	Rs. 50,001 to 100,000	Rs. 350 per Transaction + GST
  2)American Express Cards	Upto Rs. 5,000	Rs. 18 per Transaction + GST
  	Above Rs. 5,000	Rs. 35 per Transaction + GST
  3)Visa/ Master Credit Card	Rs. 100,001 to 300,000	Rs. 1,000 per Transaction + GST
  	Rs. 300,001 to 500,000	Rs. 3,000 per Transaction + GST
  Rs. Above 5,00,000	Rs. 5500 per Transaction + GST
  4)PPI, eWallets	Upto Rs. 20,000	Rs. 2.90 per Transaction + GST
  5)UPI and IMPS	As per NPCI	As per RuPay Card Fees
  6)ATM-cum-PIN Debit Cards	Upto Rs. 20,000	Rs. 20 per Transaction + GST

  BillDesk Transaction Processing Fees for the above transactions (5) & (6) is Rs. 2.00 per Transaction + GST

   

• ♦ What are the Cancer types covered under the policy ?

  -
  →Early Stage Cancer: 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. The following types are covers subject to conditions and other applicable exclusions.

  1. 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.
  2. 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).
  3. Thyroid Cancer early stage: All thyroid cancers that are less than 2.0 cm and histologically classified as T1N0M0 according to TNM classification.
  4. Bladder Cancer early stage: All tumors of the urinary bladder histologically classified as TaN0M0 according to TNM classification.
  5. Chronic Lymphocytic Leukaemia early stage: Chronic Lymphocytic Leukaemia categorized as stage 0 (zero) to 2 (two) as per the Rai classification.
  6. Cervical Intraepithelial Neoplasia: Severe Cervical Dysplasia reported as Cervical Intraepithelial Neoplasia 3 (CIN3) on cone biopsy.

  Major Stage Cancer: A malignant tumor characterized by the uncontrolled growth and spread of malignant cells with invasion and destruction of normal tissues. This diagnosis must be supported by histological evidence of malignancy. The term cancer includes leukemia, lymphoma and sarcoma.

   

• ♦ Will my premium amount change during the tenure of the policy after I have bought the plan?

  -
  The premium rates are guaranteed for a period of first 5 years from the date of issuance of the policy. Based on the experience of the portfolio, the Corporation may revise the premium rates any time after the completion of 5 policy years starting from the date of issuance of the policy. However, such revised rates shall be guaranteed for a further period of at least 5 years.

• ♦ Who is a Nominee?

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  → A nominee is a person who has right to give a valid discharge to the policy monies in case of death of the Life Assured.

• ♦ Can the Nominee be a Minor?

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  → Yes, a Nominee can be a Minor. However, an Appointee (major) has to be provided for the Minor Nominee.

• ♦ What does my nominee receive after my death?

  -
  → In case of death of the Life Assured before receiving the benefits admitted and payable under the policy or in case of death while receiving the Income Benefit, the remaining instalments, if any, will continue to be paid to his/her nominee.

• ♦ What is the Grace Period under the product?

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  → A grace period of one month but not less than 30 days is allowed for payment of yearly or half-yearly premiums.

• ♦ Can a loan be taken under this product?

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  → Loan is not available under this product.

• ♦ How can I pay the subsequent premium?

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  →The subsequent premium can be paid across our cash counter any where or through Net banking/Credit Card/Debit-Card.

• ♦ In case I have an existing Health plan cover with another company can I still purchase LIC's e-Term?

  -
  → The maximum Basic Sum Insured under this plan shall not exceed an overall limit of Rs. 50 lakh taking all existing Critical Illness Cover policies and Basic Sum Insured under this plan in respect of existing policies as well as new proposal under consideration. Critical Illness Cover policies shall include the policies taken under: Critical Illness Rider (UIN: 512B202V01),LIC's Critical Illness Benefit Rider (Linked) (UIN: 512A206V01) & LIC's New Critical Illness Benefit Rider(512A212V01)

• ♦Why should I buy LIC's Cancer Cover policy if Iam already insured under a group insurance scheme by my employer?

  -
  → It is always prudent to buy an individual health insurance policy for Cancer Cover because:

      a. Amount of Insurance you are covered for may not be sufficient to cover Cancer contingencies.
      b. If your employer decides on cost-cutting, you may no longer be insured. 
      c. If you decide to leave your employer, you may no longer be covered. 
      d. Cancer incidence increases as age advances and at older ages premium may be prohibitively expensive for the same insurance cover if you keep on changing the employer.

• ♦ Can I buy it under Non-medical Scheme?

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  → This plan is allowed only under non medical, and no medicals are to be called for under any circumstances & this non-medical cover will not be included in any of the existing Non-medical schemes.

• ♦Can I buy one more policy of the Cancer Cover?

  -
  → Yes. You can buy another policy subject the maximum cover stipulations under the policy

• ♦When will the cover under the policy commences?

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  → A waiting period of 180 days will apply from the date of issuance of policy. Cover commences after the waiting period is over.

• ♦ How can I get refund of my deposit under my proposal ?

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  → You can send a mail to online_dmkt@licindia.com for refund. Service charges if any will be deducted from your deposit.

• ♦ What are the exclusions under cancer cover policy?

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  → A) The following are specifically excluded from all early stage cancer benefits:

  1. All tumors which are histologically described as benign, borderline malignant, or low malignant potential
  2. Dysplasia, intra-epithelial neoplasia or squamous intra-epithelial lesions
  3. Carcinoma in-situ of skin and Melanoma in-situ &
  4. All tumors in the presence of HIV infection are excluded

  B) The following are excluded from major stage cancer benefits:

  1. All tumors which are histologically described as carcinoma in situ, benign, pre-malignant, borderline malignant, low malignant potential, neoplasm of unknown behavior, or non-invasive, including but not limited to: Carcinoma in situ of breasts, Cervical dysplasia CIN-1, CIN -2 and CIN-3.
  2. Any non-melanoma skin carcinoma unless there is evidence of metastases to lymph nodes or beyond
  3. Malignant melanoma that has not caused invasion beyond the epidermis
  4. All tumors of the prostate unless histologically classified as having a Gleason score greater than 6 or having progressed to at least clinical TNM classification T2N0M0
  5. All Thyroid cancers histologically classified as T1N0M0 (TNM Classification) or below
  6. Chronic lymphocytic leukaemia less than Rai stage 3.
  7. Non-invasive papillary cancer of the bladder histologically described as TaN0M0 or of a lesser classification
  8. All Gastro-Intestinal Stromal Tumors histologically classified as T1N0M0 (TNM Classification) or below and with mitotic count of less than or equal to 5/50 HPFs &
  9. All tumors in the presence of HIV infection.