Policy Type: Health Insurance Plan

Policy Information:

This is a 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 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 Assured: The Basic Sum Assured remains same through out the term.

Option 2 : Increasing Sum Assured: 10% increase in Sum Assured for 1st 5 years or till diagnosis of specified cancer.

Policy Highlights:

• Minimum Basic Sum Assured:  10,00,000/-
• Maximum Basic Sum Assured: 50,00,000/-
• Minimum Policy Term: 10 years
• Maximum Policy Term: 30 years
• Minimum Entry Age: 20 years (completed)
• Maximum Entry Age: 65 years (nearer birthday)
• Mode of Premium Payment: Yearly & Half-yearly

Policy Benefits:

A. Early Stage Cancer

Payable once for the 1st ever event

• Lumpsum 25% of applicable Sum Assured payable
• Next 3 years premiums waived

B. Major Stage Cancer

• Lumpsum 100% of applicable Sum Assured payable minus any claim for A above if any.
• 1% of applicable Sum Assured guaranteed payable for next 120 months.
• Waiver of future premiums. Maximum claim payable 220% of applicable sum assured.

Loan on Policy:

• No Loan will be available under the Policy.

Income Tax Benefits:

• Premium paid under this plan is eligible for TAX rebate under section 80c.
• Maturity under this plan is free under sec 10(10D)