HDFC Life Cancer Care Plan

HDFC Life Cancer Care Plan review

HDFC Life Cancer Care is a unique health plan which pays lumpsum benefit amount to the policyholder on diagnosis of Minor and/or Major Cancer which can be used for cancer treatment. Cancer Care has 3 plan options - Silver, Gold and Platinum and offers coverage up to 40 lacs. 
 

Key Features of HDFC Life Cancer Care Policy 

- Up to 100% of Sum Assured paid on of diagnosis of Cancer
- Only 7-day survival (waiting) period from diagnosis required to claim for benefit payout
- Future premiums for next 3 years will be waived 
- No pre-policy medical test required
- Get monthly income for 5 years on diagnosis (Platinum option)
- Discount of 5.5% on premium for policies bought online

 

HDFC Life Cancer Care Plan Options & Benefits

HDFC Life Cancer Care has 3 plan options, namely, Silver, Gold and Platinum. The benefits paid under 3 plans are as follows:

 

On diagnosis of	Silver	Gold	Platinum
Minor Cancer	25% of Sum Assured	25% of Sum Assured	25% of Sum Assured
Minor Cancer	3 years premiums waived	3 years premiums waived	3 years premiums waived
Major Cancer	75% or 100% of Sum Assured	75% or 100% of Sum Assured	75% or 100% of Sum Assured
Increased Benefit	-	Sum Assured increases by 10% of each year in case of no claims. Benefit is paid as % of Increased Sum Assured	Sum Assured increases by 10% of each year in case of no claims. Benefit is paid as % of Increased Sum Assured
Income Benefit	-	-	1% of Sum Insured would be paid out on diagnosis of the listed major cancers for a fixed period of next 5 policy years

 

Other Benefits of HDFC Life Cancer Care Policy

Death Benefit
No death benefit is payable on death as the plan aims at offering benefit for treatment of cancer.

Maturity Benefit
No benefit is payable on maturity of the policy.

Premium discounts
- Lower premium rates available for Sum Assured over 10 lacs
- 5.5% discount on premium if policy is bought online directly by the prospective policyholder
 

Eligibility Conditions in HDFC Life Cancer Care Policy

	Minimum	Maximum
Entry Age (in years)	18	65
Maturity Age (in years)	28	75
Policy Term (in years)	10	20
Sum Assured (in lacs)	10	40
Payment modes	Yearly, Half-yearly, Quarterly or Monthly

 

Sample premiums (in Rs.) for male life

Sum Assured Rs 20 Lakhs
Age (years)	10 years			15 years			20 years
	Silver	Gold	Platinum	Silver	Gold	Platinum	Silver	Gold	Platinum
25	832	1041	1423	842	1148	1601	910	1309	1849
30	1025	1320	1864	1091	1565	2254	1242	1901	2777
35	1411	1898	2770	1602	2442	3624	1898	3087	4620
40	2272	3177	4757	2663	4223	6379	3160	5311	8037
45	3991	5682	8623	4628	7433	11289	5430	9217	13978
50	7014	10009	15194	8038	12915	19567	9171	15508	23462
55	12091	17272	26095	13480	21514	32458	14750	24608	37126

 

 

Survival period

7 days from the date of diagnosis and date of benefit payment
 

Exclusions

No benefit amount will be paid in respect of Major Cancer, Carcinoma-in-situ or Early Stage Cancer resulting directly or indirectly from or caused or contributed by (in whole or in part):

• Sexually Transmitted Diseases AIDS or HIV.
• Any congenital conditions
• Any pre-existing condition
• Intoxication by alcohol or narcotics or voluntarily taking or using any drug, medication or sedative unless it is an "over the counter" drug, medication or sedative taken according to package directions;
• Nuclear, biological or chemical contamination (NBC),
• The policy shall terminate and no benefit shall be payable under the policy if the

          - diagnosis or
          - signs or symptoms (related to the diagnosed cancer) first occurred during the waiting period.