LIC Cancer Cover – Plan No 905 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 stage of Cancer during the policy term, subject to certain terms and conditions. Use the premium calculator provided below to get a better idea of the plan.
LIC Cancer Cover – Plan No 905 – Options available at the time of purchase.
The plan has two benefit options which have to be chosen by the proposer at the time of purchase of the policy. Premium rates shall vary depending on the option selected by the proposer.
Option I – Level Sum Insured
The Basic Sum Insured shall remain unchanged through out 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, which ever is earlier.