What is LIC cancer cover policy?
LIC Cancer Cover Plan is a non-linked, non-participating health insurance plan. The LIC Cancer cover is a regular premium payment plan which provides financial coverage in case the policyholder is detected with early or major stage of cancer any time during the tenure of the plan.
What is the waiting period and survival period under LIC cancer cover plan?
The LIC’s Cancer Cover Policy has a waiting period of 180 days from the issuance date or from the revival date, whichever falls later. No benefit shall be payable by the LIC if the diagnosis of any stage of cancer appears before the completion of the waiting period i.e. 180 days.
Which is the best LIC policy in 2020?
Top 6 LIC Plans In India 2020
| LIC Plans | Type of Plan | Policy Term (in years) |
|---|---|---|
| LIC Tech Term Plan | Pure Term Insurance plan | 10 – 40 |
| LIC New Children’s money-back Plan | Traditional money-back Child Plan | 25 years – Age at Entry |
| LIC New Jeevan Anand | Endowment Plan | 15 – 35 |
| LIC Jeevan Umang | Whole Life + Endowment Plan | 100 – Age at Entr |
Why is cancer cover important?
It is a known fact that a deadly disease like cancer can lead you to bankruptcy. Having a cancer insurance policy as a backup not only covers the cost of your treatment but also makes you financially stable, so that you have enough savings to cover your medical expenses.
What is the applicable rate of GST in Jeevan Shanti plan?
The minimum amount of investment/purchase price under Jeevan Shanti plan is Rs. 1,50,000 for both immediate as well as deferred annuity whereas there is no limit on the maximum amount of investment. GST of 1.8\% will be applicable on the purchase price at the time of buying the policy.
What is the LIC cancer cover plan?
LIC Cancer Cover provides protection in case of Early Stage and Major Stage Cancer. LIC Cancer Cover Plan is a regular premium plan in which premiums can be paid Yearly or Half yearly for a policy term ranging from 10 to 30 years.
What is the cancer care policy by LIC of India?
Cancer care policy By LIC of India update[1] It is a New LIC cancer care policy for cancer patients for cancer insurance. LIC Cancer Care (Plan (905) it is a Conventional Premium Plan launched by LIC. Only CANCER Disease is Covered in it. Tax Rebate applicable under section 80D up to Rs.55,000. Feature and conditions.
How health insurance plan covers cancer treatment?
Avail of 5\% discount on your premium upon online purchase. One can now cover the cost of cancer treatment with the help of this insurance plan that is unlike any other traditional health insurance plan as it provides a lump sum payout without any medical bills.
How does cancer care insurance payout work?
The insurance payout depends on the stage of cancer and claims previously admitted under the policy. Such insurance policies also offer free regular cancer check-ups during the entire duration of the policy term. Some cancer care plans also offer the benefit of premium waiver in certain cases.