{"id":567,"date":"2018-09-19T06:13:28","date_gmt":"2018-09-19T06:13:28","guid":{"rendered":"https:\/\/myfintree.com\/blog\/?p=567"},"modified":"2018-11-20T09:39:45","modified_gmt":"2018-11-20T09:39:45","slug":"cancer-care-policy","status":"publish","type":"post","link":"https:\/\/myfintree.com\/blog\/cancer-care-policy\/","title":{"rendered":"Cancer Care Policy"},"content":{"rendered":"<h1 style=\"text-align: center;\"><span style=\"color: #008000;\">Cancer Care Policy<\/span><\/h1>\n<p>The mention of word <strong>\u201cCancer\u201d<\/strong> creates fear in the mind of people. Cancer ranks high among deadliest of diseases that not only scare you mentally but also financially.<\/p>\n<p><strong>Treatment for cancer may cost roughly around 12lacs to 60lacs. <\/strong><\/p>\n<p>This is why several health insurance companies have come up with special cancer insurance plans to lessen the burden of people.<\/p>\n<h4><span style=\"color: #993300;\"><strong><u>Eligibility Criteria for this product<\/u><\/strong><\/span><\/h4>\n<table style=\"height: 235px;\" width=\"607\">\n<tbody>\n<tr>\n<td width=\"162\">&nbsp;<\/td>\n<td width=\"120\"><strong>Minimum<\/strong><\/td>\n<td width=\"144\"><strong>Maximum<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"162\"><strong>Entry Age<\/strong><\/td>\n<td width=\"120\">20<\/td>\n<td width=\"144\">65<\/td>\n<\/tr>\n<tr>\n<td width=\"162\"><strong>Policy Term<\/strong><\/td>\n<td width=\"120\">10<\/td>\n<td width=\"144\">30<\/td>\n<\/tr>\n<tr>\n<td width=\"162\"><strong>Age at Maturity<\/strong><\/td>\n<td width=\"120\">50<\/td>\n<td width=\"144\">75<\/td>\n<\/tr>\n<tr>\n<td width=\"162\"><strong>Basic Sum Insured<\/strong><\/td>\n<td width=\"120\">10Lac<\/td>\n<td width=\"144\">50Lac<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4><span style=\"color: #993300;\"><strong><u>Mode of Payment of premium<\/u><\/strong><\/span><\/h4>\n<ul>\n<li>Yearly<\/li>\n<li>Half Yearly<\/li>\n<\/ul>\n<h4><span style=\"color: #993300;\"><strong><u>Flexibility of choosing the type of Sum Insured at Inception<\/u><\/strong><\/span><\/h4>\n<table>\n<tbody>\n<tr>\n<td width=\"378\"><strong>Level Sum Insured<\/strong><\/td>\n<td width=\"405\"><strong>Increasing Sum insured<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"378\">The basic sum insured shall remain unchanged throughout the policy term<\/td>\n<td width=\"405\">The sum insured increases by 10% of basic sum insured each year for first 5 years or until diagnosis of first event of cancer or whichever is earlier<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4><span style=\"text-decoration: underline; color: #993300;\"><strong>Benefits of LIC Cancer Cover on Diagnose of Cancer<\/strong><\/span><\/h4>\n<table>\n<tbody>\n<tr>\n<td width=\"132\"><strong>Conditions<\/strong><\/td>\n<td width=\"246\"><strong>Early stage<\/strong><\/td>\n<td width=\"408\"><strong>Major stage<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"132\"><strong>Lump-sum Benefit<\/strong><\/td>\n<td width=\"246\">25% of Sum Insured shall be payable<\/td>\n<td width=\"408\">100% of Sum insured less any previously paid claims shall be payable<\/td>\n<\/tr>\n<tr>\n<td width=\"132\"><strong>Premium Waiver Benefit<\/strong><\/td>\n<td width=\"246\">Premium for next 3 policy years or balance policy term whichever is lower<\/td>\n<td width=\"408\">All future premiums shall be waived from next policy anniversary<\/td>\n<\/tr>\n<tr>\n<td width=\"132\"><strong>Income Benefit<\/strong><\/td>\n<td width=\"246\">NA<\/td>\n<td width=\"408\">Monthly Income benefit of 1% of Sum Insured will be payable for each policy month for next 10 years irrespective of survival of life insured and even if period of 10 years goes beyond the policy term<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4><span style=\"color: #993300;\"><strong><u>Important Points to be noted<\/u><\/strong><\/span><\/h4>\n<ul>\n<li>Waiting Period of 180 days<\/li>\n<li>No Loan<\/li>\n<li>Tax Deduction under Sec 80D up to Rs 55000<\/li>\n<li>No surrender value<\/li>\n<li>No Maturity<\/li>\n<li>No benefit shall be payable if insured dies within 7 days from date of diagnosis of cancer<\/li>\n<\/ul>\n<h4><span style=\"color: #993300;\"><strong><u>Sample Premium rates<\/u><\/strong><\/span><\/h4>\n<p>The sample tabular annual premium rates (in Rs.)<\/p>\n<p>For Sum Insured of Rs 10,00,000 are as under:<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Option 1 Level Sum Insured<\/strong><\/span><\/p>\n<table width=\"330\">\n<tbody>\n<tr>\n<td rowspan=\"3\" width=\"69\"><strong>Age (Years)<\/strong><\/td>\n<td colspan=\"4\" width=\"261\"><strong>Policy Term ( Years)<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"130\"><strong>20<\/strong><\/td>\n<td colspan=\"2\" width=\"130\"><strong>30<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"55\"><strong>Male<\/strong><\/td>\n<td width=\"76\"><strong>Female<\/strong><\/td>\n<td width=\"55\"><strong>Male<\/strong><\/td>\n<td width=\"76\"><strong>Female<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"69\"><strong>30<\/strong><\/td>\n<td width=\"55\">1190<\/td>\n<td width=\"76\">2420<\/td>\n<td width=\"55\">1690<\/td>\n<td width=\"76\">3090<\/td>\n<\/tr>\n<tr>\n<td width=\"69\"><strong>35<\/strong><\/td>\n<td width=\"55\">1670<\/td>\n<td width=\"76\">3440<\/td>\n<td width=\"55\">2620<\/td>\n<td width=\"76\">4220<\/td>\n<\/tr>\n<tr>\n<td width=\"69\"><strong>40<\/strong><\/td>\n<td width=\"55\">2580<\/td>\n<td width=\"76\">4700<\/td>\n<td width=\"55\">4220<\/td>\n<td width=\"76\">5610<\/td>\n<\/tr>\n<tr>\n<td width=\"69\"><strong>45<\/strong><\/td>\n<td width=\"55\">5090<\/td>\n<td width=\"76\">6540<\/td>\n<td width=\"55\">7910<\/td>\n<td width=\"76\">7660<\/td>\n<\/tr>\n<tr>\n<td width=\"69\"><strong>50<\/strong><\/td>\n<td width=\"55\">8420<\/td>\n<td width=\"76\">8290<\/td>\n<td width=\"55\">NA<\/td>\n<td width=\"76\">NA<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>Option 2 Increasing sum Insured<\/strong><\/span><\/p>\n<table width=\"320\">\n<tbody>\n<tr>\n<td rowspan=\"3\" width=\"64\"><strong>Age (Years)<\/strong><\/td>\n<td colspan=\"4\" width=\"256\"><strong>Policy Term ( Years)<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"128\"><strong>20<\/strong><\/td>\n<td colspan=\"2\" width=\"128\"><strong>30<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"56\"><strong>Male<\/strong><\/td>\n<td width=\"72\"><strong>Female<\/strong><\/td>\n<td width=\"56\"><strong>Male<\/strong><\/td>\n<td width=\"72\"><strong>Female<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"64\"><strong>30<\/strong><\/td>\n<td width=\"56\">1560<\/td>\n<td width=\"72\">3035<\/td>\n<td width=\"56\">2032<\/td>\n<td width=\"72\">4360<\/td>\n<\/tr>\n<tr>\n<td width=\"64\"><strong>35<\/strong><\/td>\n<td width=\"56\">2260<\/td>\n<td width=\"72\">4790<\/td>\n<td width=\"56\">3690<\/td>\n<td width=\"72\">5990<\/td>\n<\/tr>\n<tr>\n<td width=\"64\"><strong>40<\/strong><\/td>\n<td width=\"56\">3580<\/td>\n<td width=\"72\">6570<\/td>\n<td width=\"56\">6050<\/td>\n<td width=\"72\">7980<\/td>\n<\/tr>\n<tr>\n<td width=\"64\"><strong>45<\/strong><\/td>\n<td width=\"56\">7080<\/td>\n<td width=\"72\">9010<\/td>\n<td width=\"56\">11330<\/td>\n<td width=\"72\">10760<\/td>\n<\/tr>\n<tr>\n<td width=\"64\"><strong>50<\/strong><\/td>\n<td width=\"56\">11950<\/td>\n<td width=\"72\">11480<\/td>\n<td width=\"56\">\u00a0NA<\/td>\n<td width=\"72\">NA<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>(Excluding applicable taxes, if any)<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div id=\"s-share-buttons\" class=\"horizontal-w-c-square 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Cancer ranks high among deadliest of diseases that not only scare you mentally but also financially. Treatment for cancer may cost roughly around 12lacs to <a href=\"https:\/\/myfintree.com\/blog\/cancer-care-policy\/\" class=\"read-more\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-567","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts\/567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/comments?post=567"}],"version-history":[{"count":3,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts\/567\/revisions"}],"predecessor-version":[{"id":570,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/posts\/567\/revisions\/570"}],"wp:attachment":[{"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/media?parent=567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/categories?post=567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myfintree.com\/blog\/wp-json\/wp\/v2\/tags?post=567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}