SBI Life Sampoorn Cancer Suraksha Plan

SBI Life Sampoorn Cancer Suraksha Plan

SBI Life Sampoorn Cancer Suraksha plan is an individual, non-participating, non-linked health insurance plan which helps you to secure your family financially and mentally in case of a cancer diagnosis. SBI Life Sampoorn Cancer Suraksha is a comprehensive cancer insurance policy with a host of features that come in action and provides the required support which helps you and your family in these difficult times. SBI Life Sampoorn Cancer Suraksha plan has three benefit structures to cover different stages of cancer - minor, major and advanced. SBI Life Sampoorn Cancer Suraksha plan keeps you financially prepared to defeat cancer.

Features of SBI Life Sampoorn Cancer Suraksha Plan

1. Payouts Independent of actual expenses.

2. The option of Monthly Income benefit to managing your expenses.

3. Medical Second opinion to help you decide the course of treatment.

4. No medical examination.

5. Choice of three benefit structures – Standard, Classic, and Enhanced.

6. Sum Assured Reset benefit under Enhanced benefit structure.

7. In built Premium Waiver benefit based on the benefit structure chosen.

Also read: Why do you need insurance?

Advantages of SBI Life Sampoorn Cancer Suraksha Plan

Simplicity

Easy and hassle-free issuance process. Claim payouts are independent of the nature/ amount of expenses incurred.

Security

Ensure your financial security through stage wise lump sum payout.

Flexibility

Compensate loss of income with monthly income benefit.

Reliability

You can avail a medical second opinion from a medical panel of experts to decide the course of treatment.

Affordability

You pay reasonable premiums which are a perfect fit for your financial planning.

Also read: Term insurance | How to choose term insurance?

Benefits under SBI Life Sampoorn Cancer Suraksha Plan

On diagnosis of cancer:

Sum Assured Reset Benefit

After completion of three years from the date of Minor or Major Cancer claim within the policy term, provided no further diagnosis of cancer during this period, the full Sum Assured will be restored provided the life assured had undergone necessary medical treatment for previous cancer(s). This benefit is not applicable to those with previous valid Advanced Cancer claim as the policy would terminate on Advanced Stage Cancer claim.

Medical Second Opinion

A service which enables life assured, to receive second opinion of their diagnosis and treatment plans by another doctor. This service would be provided on the diagnosis of cancer and CIS only.

On Maturity

There is no maturity benefit available under this product.

On Death

There is no death benefit available under this product.

Tax Benefits

You can avail Income tax benefits/exemptions as per prevailing norms under Income Tax Act, 1961, which are subject to change from time to time.

Who can avail SBI Life Sampoorn Cancer Suraksha Plan?

Minimum age at entry: 6 Years

Maximum age at entry: 65 years

Maximum age at maturity: 75 years

Minimum sum assured: Rs. 10 Lakh

Maximum sum assured: Rs. 50 Lakh

Minimum policy term: 5 years

Maximum policy term: 30 years

Premium paying term: Same as policy term

Premium frequency: Yearly/Half-yearly/Quarterly/Monthly

Premium frequency loading: Half-yearly: 51.00% of annual premium
                                             Quarterly: 26.00% of annual premium
                                             Monthly: 8.50% of annual premium

Premium (Exclusive of taxes): Yearly – Minimum premium is Rs.600

                                                 Half-yearly – Minimum premium is Rs. 300

                                                 Quarterly – Minimum premium is Rs. 150

                                                 Monthly – Minimum premium is Rs. 50

                                                Max. premium is based on the sum assured

Benefit Structure under SBI Life Sampoorn Cancer Suraksha Plan

Following three options are available under SBI Life Sampoorn Cancer Suraksha Plan:

1. Standard

Covers minor stage cancer and major stage cancer.

2. Classic

Covers minor stage cancer, major stage cancer, and advance stage cancer.

3. Enhanced

Covers minor stage cancer, major stage cancer, and advance stage cancer.

Sum assured reset benefit is offered.

Loan against SBI Life Sampoorn Cancer Suraksha Plan

No loan will be granted by the company against SBI Life Sampoorn Cancer Suraksha Plan.

Also read: SBI Life eWealth Insurance Plan | SBI Life - Online ULIP

Also read: HDFC Life Cancer Care Policy | Features & Benefits 

Also read: LIC Cancer Cover Policy | Features & Benefits

Also read: What is SIP (systematic Investment Plan)?

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SBI Life Sampoorn Cancer Suraksha Plan