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HDFC Life Cancer Care Plan

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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

 

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
 

HDFC Life Cancer Care

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

 
HDFC Life Cancer Care

 

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.
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