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The major life threatening illness Cancer, can create a panic and stress in anybody’s life due to its occurrence. The risk of cancer is rapidly growing in India. Birla Sun Life Cancer Shield plan is a traditional non participating health plan which helps you to fight cancer at every stage during the policy term.BUY NOW
Lump Sum Benefit
Option to choose for the income benefit option at the time of inception of the policy under which you receive a monthly income equivalent to 1% of the Sum Assured for 5 policy years on diagnosis of Major Stage of Cancer.
Waiver of Premium Benefit
Waiver of premium for 5 years on diagnosis of Early Stage of Cancer during the policy term.
Level or Increasing Sum Assured
There is no death benefit payable under this plan.
There is no maturity benefit payable under this plan.
How the Plan Works?
Raman, aged 30 years chooses BSLI Cancer Shield Plan (increasing sum assured option). The original sum assured is Rs. 30 lacs. Every year the sum assured will increase as shown in the table below:
Scenario-1-Early Stage of Cancer: On diagnosis of an early stage of cancer, the insured will receive 30% of the sum assured on illness.
Scenario-2-Major Stage of Cancer: On diagnosis of a cancer at a major stage, 100% of the sum assured is paid to the nominee less any payout which is paid on diagnosis of an early stage of cancer.
Value Added Benefits
Waiting Period Clause
|Age (as on last birthday)||18 Years||65 Years|
|Sum Assured||10 Lacs||50 Lacs|
|Policy Tenure||5 Years||20 Years|
|Grace Period||30 Days & 15 Days For Monthly Mode||-|
|Freelook Period||15 Days & 30 Days If Policy Sourced Via Distance Marketing Channels||-|