LIC’s Cancer Cover is a health insurance plan that provides financial protection if the policyholder is diagnosed with cancer. The plan offers two options for the Sum Insured: Level Sum Insured (remains the same) and Increasing Sum Insured (increases by 10% of the Basic Sum Insured each year for the first five years).

Key features:

• Eligibility: 20 to 65 years old

• Policy Term: 10 to 30 years

• Basic Sum Insured: Minimum ₹35 lakhs (20-34 years), ₹25 lakhs (35-40 years), ₹15 lakhs (41-65 years); Maximum ₹50 lakhs

• Benefits:

  • Early Stage Cancer: 25% of the Applicable Sum Insured + Premium Waiver for 3 years.

  • Major Stage Cancer: 100% of the Applicable Sum Insured + Income Benefit of 1% of the Applicable Sum Insured per month for 10 years + Premium Waiver.

• Waiting Period: 180 days

• Survival Period: 7 days

Exclusions:

• Pre-existing conditions

• Diagnosis within 180 days of policy issuance/revival

• Organ donation, alcohol/drug-related conditions, nuclear contamination

This policy offers focused protection against the financial burden of cancer, providing a safety net during challenging times.