HDFC Life Cancer Care
HDFC Life Cancer Care
On getting diagnosed with cancer, HDFC Life Cancer Care offers a lump sum benefit that can help you protect your income and plan your medical expenses better.
Key Features
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Comprehensive cancer care program that provides lump-sum compensation upon the diagnosis of major and early-stage cancer.
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Possibility to select from three plans with various benefits: a) Silver Option b) Gold Option c) Platinum Option
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In the event of a cancer diagnosis at an early stage, all premium benefits will be waived.
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Under the Gold and Platinum Option, the Sum Insured rises by 10% annually if there are no claims.
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Five years' worth of monthly income under the Platinum Option in the event of a major cancer diagnosis.
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Discounts on premiums for sums insured more than Rs. 10 lakhs.
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Simplified issuing procedure, no need for medical exams.
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Tax benefits according to Section 80D of the Income Tax Act of 1961 provisions.
- Silver Option: This plan offers varied benefits on the diagnosis of cancer, which includes:
- 25% applicable sum insured on the diagnosis of early-stage cancer or Carcinoma-in-situ (CIS)
- % of applicable sum insured in case of major cancer diagnosis: 100 less Early Stage Cancer or CIS claims, if any
- For three policy years, premiums will be waived with a valid diagnosis of Early Stage Cancer or Carcinoma-in-Situ (CIS).
- Gold Option: Increased Benefit is also payable under this option in addition to the previously mentioned benefits. Beginning with the first anniversary of the policy, the Sum Insured grows by 10% of the initial Sum Insured year under the Increased benefit, which will further continue till:
- Increased sum insured becoming 200% of the initial sum insured, or
- Any particular claim event
- Platinum Option: This option offers a monthly income of 1% of the applicable sum insured for 5 years upon diagnosis of the indicated Major Cancer in addition to the benefit provided under the Gold Benefit. Also, avail discounts on premiums for sums insured more than INR 10 lakhs.