HDFC Life Cancer Care Policy | Features & Benefits

HDFC Life Cancer Care Policy | Features & Benefits

HDFC Life, one of India’s leading private insurers, brings to you a comprehensive Cancer Care policy that provides financial protection for both early and major stage of cancer.  HDFC Life Cancer Care Policy is a non-linked, non-par protection plan. This plan offers lump sum benefit on diagnosis of cancer that helps to protect your income. In this post, let us take a look at the features and benefits of HDFC Life Cancer Care policy.

 

HDFC Life Cancer Care Policy

HDFC Life Cancer Care policy is a plan that not only gives pay outs but also a waiver on the premium for the next 3 policy years on the diagnosis of the early stage of cancer. Under the Gold and Platinum option, there is an increased benefit where the sum insured increases every year. This plan also offers an income benefit under the Platinum option.

Features of HDFC Life Cancer Care Policy

Following are the key features of the HDFC Life Cancer Care Policy

1. HDFC Life Cancer Care policy offers lump sum benefit on diagnosis of early and major cancer.

2. You can choose from three plan options - Silver, Gold, and Platinum.

3. It gives a waiver on premium in case of diagnosis of early-stage cancer.

4. It offers a regular income for 5 years under Platinum option.

5. Simplified issuance process without medicals.

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

Eligibility for HDFC Life Cancer Care Policy

Plan Options for HDFC Life Cancer Care Policy

There are 3 plan options to choose namely Silver, Gold and Platinum. The base benefit is applicable on all the 3 options. There is an increased benefit on Gold and Platinum options. The income benefit is applicable only on the Platinum option.

Benefits under HDFC Life Cancer Care Policy

Benefits offered under the various plan options

1. Silver option

Under the Silver option the following benefits are payable:

Diagnosis of	% of Applicable Sum Insure
Early Stage cancer or Carcinomain-situ (CIS)	25
Major Cancer	100 less Early Stage Cancer or CIS claims, if any

Waiver of premium: The premiums will be waived for a period of 3 policy years on a valid claim of early-stage cancer or Carcinoma-in-situ (CIS) diagnosis.

2. Gold option

Under the Gold option, the policyholder receives the benefits mentioned under the Silver option plus an increased benefit. The sum insured increases by 10% each year starting from the first policy anniversary. This will continue till the sum insured becomes 200% of the initial sum insured or any claim event.

3. Platinum option

Under the Platinum option, the policyholder receives the benefits mentioned under the Gold option plus regular income benefit. Under income benefit option a monthly income of 1% of applicable sum insured for 5 years would be paid on diagnosis of the listed major cancers.

Why you need HDFC Life Cancer Care Policy?

1. There is an alarming increase in cancer cases in India and around the world.

2. Cancer treatment can be expensive.

3. Cancer cases are only expected to rise.

4. Cancer can affect anyone, anytime.

5. Staying financially prepared is half the battle won.

You may also like to read: HDFC Life Pension Guaranteed Plan 

You may also like to read: HDFC Life Cardiac Care Policy

You may also like to read: LIC Cancer Care Policy

You may also like to read: LIC E-Term Plan 

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HDFC Life Cancer Care Policy | Features & Benefits