Live
- MahaYuti will come back to power with a thumping majority despite Oppn's tirade: Eknath Shinde
- ‘Hanging up my racquet. Thank you’ - India’s Prajnesh Gunneswaran retires from professional tennis
- Pawan Kalyan to Campaign for NDA Alliance in Maharashtra
- Eight killed, five injured in Nepal's traffic accident
- Technical snag grounds PM Modi's aircraft in Jharkhand
- Divya Pillai FL from ‘Bhairavam’ unveiled
- Tension in Lagcherla as BRS Leaders Allegedly Incite Landless Poor
- India vs South Africa 4th T20I Today: Know About Venue, Squad, Start Time, and Live Streaming Details.
- Abhishek says ‘sounds cool’ to be making a film about ‘someone who has 100 days to live’
- Samsung to buy back stock worth $7.16 billion to boost shareholder value
LIC launches new policy for cancer
Life Insurance Corporation of India (LIC) has launched a new plan ‘Cancer Cover.’ The new product comes with sum assured ranging from Rs10 lakh to Rs50 lakh for those in the age group of 20 to 65 years.
Hyderabad: Life Insurance Corporation of India (LIC) has launched a new plan ‘Cancer Cover.’ The new product comes with sum assured ranging from Rs10 lakh to Rs50 lakh for those in the age group of 20 to 65 years.
It’s a non-linked plan with yearly and half-yearly premium paying options. The product has two options --sum assured and increment of the sum assured by 10 per cent of basic sum assured for the first five years, according to a release.
TC Suseel Kumar, Zonal Manager (South Central), while launching the product here, said that this product provides adequate financial protection to the insured, with its unique benefits like Lump Sum Benefit, Income Benefit and Premium Waiver Benefit.
The level annual premium depends on the chosen basic sum assured, age at entry and the gender of the life assured. The policyholder has an option to choose either level sum assured throughout the term, or increasing sum insured for the first five years.
On first diagnosis of any one of the specified early stage cancers, the policy provides for a lump sum benefit equivalent to 25 per cent of sum insured, and the premiums for the next three policy years (or balance policy term whichever is lower) shall be waived.
