LIC’s Cancer Cover is a regular premium payment health insurance plan which provides financial
protection in case the Life Assured is diagnosed with any of the specified Early and/or Major Stage
Cancer during the policy term.
The policy can be purchased offline as well as online. To purchase the policy online please log on to
The plan offers two benefit options wherein you have the flexibility to choose the type of Sum Insured at
Option I Level Sum Insured: The Basic Sum Insured shall remain unchanged throughout the
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, whichever is earlier. On diagnosis of any specified Cancer as mentioned in Para 1, all the claims shall be based on the Increased Sum Insured at the policy anniversary coinciding or prior to the diagnosis of the first claim and further increases to this Sum Insured will not be applicable.
The following benefits are payable during the policy year under an inforce policy:
A. Early Stage Cancer: Benefits payable on first diagnosis of any one of the specified Early Stage
Cancers, provided the same is admissible are –
(a) Lump sum benefit: 25% of Applicable Sum Insured shall be payable
(b) Premium Waiver Benefit: Premiums for next three policy years or balance policy term
whichever is lower, shall be waived from the policy anniversary coinciding or following
the date of diagnosis.
B. Major Stage Cancer: Benefits payable on first diagnosis of the specified Major Stage
Cancer,provided the same is admissible are-
(a) Lump Sum: 100% of Applicable Sum Insured less any previously paid claims in
respect of Early Stage Cancer shall be payable.
(b) Income Benefit: In addition to above lump sum benefit, Income Benefit of 1% of
Applicable Sum Insured shall be payable on each policy month following the payment
of Lump Sum, for a fixed period of next ten years irrespective of the survival of the Life
Insured and even if this period of 10 years goes beyond the policy term. In case of death
of the Life Assured while receiving this Income Benefit, the remaining payouts, if any,
will be paid to his/her nominee.
(c) Premium Waiver Benefit: All the future premiums shall be waived from the next
policy anniversary and the policy shall be free from all liabilities except to the extent of
Income Benefit as specified above.