LIC launches cancer cover with sum assured uptoRs 50 lakh

The ''Cancer Cover'' policy, which can be taken by those in the age group of 20 to 65, was a non-linked plan with yearly and half-yearly premium paying options, a company release said.

PTI
Chennai, Publish Date: Nov 15 2017 12:10AM | Updated Date: Nov 15 2017 12:10AM
LIC launches cancer cover with sum assured uptoRs 50 lakhRepresentational Pic

Life Insurance Corporation of India (LIC) today announced the launch of a cancer cover as a health insurance policy with sum assured ranging from Rs 10 lakh to Rs 50 lakh.

The 'Cancer Cover' policy, which can be taken by those in the age group of 20 to 65, was a non-linked plan with yearly and half-yearly premium paying options, a company release said.

Fixed benefits would be paid in case the Life Assured was diagnosed with any specified early and/or major stage cancer during the policy term subject to terms and conditions.

Sum assured is available from Rs 10 lakh to Rs 50 lakh. There were two options -- sum assured and increment of the sum assured by 10 per cent of basic sum assured for the first five years, it said.