: LIC's Cancer Cover Plan (905
: LIC's Cancer Cover Plan (905) is a health insurance plan that provides financial protection against cancer diagnosis and treatment. Here are some key features of the plan:
Sum Assured-The plan offers a sum assured, which is paid out if the policyholder is diagnosed with cancer.
Lump Sum Benefit_: A lump sum benefit is paid out on diagnosis of cancer, to help cover treatment costs.
Income Benefit_: An income benefit is paid out for a specified period, to help replace lost income during treatment.
Premium Waiver_: Future premiums are waived off, if the policyholder is diagnosed with cancer.
Increase in Sum Assured_: The sum assured increases by 10% every year, for the first five years.
Tax Benefits_: Premiums paid are eligible for tax benefits under Section 80D of the Income Tax Act.
Entry Age_: The minimum entry age is 20 years, and the maximum entry age is 65 years.
Policy Term_: The policy term ranges from 10 to 30 years.
Premium Payment Term_: Premiums can be paid annually or half-yearly.
Please note that this is a general overview of the plan, and terms and conditions may apply.
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