HDFC Life Cancer Care

HDFC Life Cancer Care - Cancer Insurance Policy in India

HDFC Life Cancer Care offers lump sum benefit on diagnosis of Cancer that helps to protect your income and savings from expenses that aren't covered by your major medical coverage, like Out of pocket medical expenses, Out of Network specialist, Experimental Cancer Treatment, Travel & Lodging etc. when treatment is far and so on.

1. Annual premium amount of Rs.1411 for a cover of 20 lakhs, for Male aged 35 years, 10 years term, Silver option, excluding Taxes and levies as applicable.

Why you need Cancer plan ?
1. Cancer can affect anyone, anytime
2. There is an alarming increase in cancer cases in India and around the world
3. Cancer cases are only expected to rise
4. If diagnosed cancer treatment can be expensive
5. Staying financially prepared is half the battle won

Features of Cancer Insurance
1. HDFC Life Cancer Care offers lump sum benefit on detection of Early and Major cancer

2. 3 plan options to choose from - Silver, Gold and Platinum

3. Regular income for 5 years only under Platinum option

4. Waiver of Premium Benefit in case of diagnosis of Early Stage Cancer

5. Simplified issuance process without medicals**

6. Avail tax benefits under section 80D of the Income Tax Act 1961*

* Tax benefits are subject to change as per tax laws

**Based on a Short Medical Questionnaire (SMQ)

Benefits of Cancer Insurance

Benefits offered under the various Plan Options

1. Silver Option

1. Offer lump sum benefits on diagnosis of Cancer as per the table below:



2. Waiver of Premium: On a valid claim of Early Stage Cancer or Carcinoma-in-situ (CIS) diagnosis, premiums will be waived for a period of 3 policy years.

2. Golden Option

Gold Option:In addition to the benefit offered under Silver Benefit, under this option Increased Benefit under this option Increased Benefit is also payable. In Increased benefit, the Sum Insured increases by 10% of initial Sum Insured each year starting from the first policy anniversary. This will continue till the earlier of:

1. Increased Sum Insured becoming 200% of the Initial Sum Insured or
2. Any claim event

3. Platinum Option

1. Platinum Option: In addition to the benefit offered under Gold Benefit, this option offers monthly income of 1% of applicable Sum Insured for 5 years, on diagnosis of listed Major Cancer.
2. Offers Premium discounts for Sum Insured above Rs 10 Lakhs

Why do I need a cancer insurance even if I have a health insurance?
A health insurance and cancer insurance serve different purposes and are independent of each other. A health insurance will reimburse your hospital expenses, doctor consultations and aid you to opt for cashless treatments. Meanwhile, a cancer insurance will provide a lump sum payout on diagnosis of early or major stages of cancer. It is a comprehensive policy that will provide financial protection to you and your family. In addition to medical expenses, this lump sum money can be used to replace your earnings while you are unable to go to work. It will protect your savings from expenses that aren't covered by your health insurance, like out of pocket medical expenses, out of network specialist, experimental cancer treatment, travel and lodging etc.

What is the claim process for cancer insurance?
The claim process is hassle-free and is paid upon diagnosis of cancer in the policy holder. 25% of applicable sum assured is paid upon early diagnosis. And upon diagnosis of a major cancer, the insured stands to get 100%minus early stage cancer benefit of the sum assured. The benefits for early stage cancer detection is paid only once during the policy term and for its first occurrence only.

All future premiums for a period of three policy years are waived off on detection of early stage cancer. In case where the outstanding term is less than three years, premiums for outstanding term would be waived off. As you opt for premium plans (gold and platinum), you stand to gain from the increased benefits like the sum insured increases by 10% each year starting from the first policy anniversary. For more details, please refer to our brochure.

How does cancer insurance work?
A cancer insurance provides financial protection to you and your family against early or major stages of cancer. Under the plan, once the policyholder is diagnosed with a major or early stage of cancer, a lump sum is paid by the insurance company. Further, all future premiums for next three policy years will be waived off on receiving a valid claim of cancer diagnosis. Cancer insurance operates independently and all benefits and payouts are separate from other health insurance plans you might have.

What types of cancer are covered under Cancer Insurance?
A comprehensive cancer insurance covers all major types of cancer like breast cancer, cervical cancer, ovarian cancer, colon and rectum cancer, lung cancer, liver cancer, penis and testis cancer, stomach and esophagus cancer, etc. The entire list of cancer coverage can be accessed on the website.