iCancer Health Insurance Plan

Key Benefits of iCancer Health Insurance Plan

• Coverage for different types of cancer: This plan covers a wide array of cancers. So, the insured may be covered even if your cancer is not a very common type.
• Flexibility in premium payment: The insured can pay the premiums on a monthly or annual basis, according to their convenience.
• Premium waiver: Once the insurer approves a claim for a major stage of cancer, the insured doesn’t have to pay future premium.
• Multiple unrelated cancers can be claimed
• Increasing accumulated payout as impairment grows to more severe stages
• Lump-sum payout at any stage of cancer: The insurer will pay the insured a lump sum depending on the stage of cancer. The benefit increases to match the rising expenses when the severity goes up. Here are the details:
  • Receive 25% of sum assured if diagnosed with minor-stage cancer
  • Receive 100% of sum assured if diagnosed with major-stage cancer
  • Receive 150% of sum assured if diagnosed with critical-stage cancer
  • Tax benefit: The insured can claim tax benefits on the premiums under Section 80D of the Income Tax Act.

Benefit Description of iCancer Health Insurance Plan

Exclusions of iCancer Health Insurance Plan

• Pre-Existing Disease is defined as Any condition, ailment or injury or related condition(s) for which the insured had signs or symptoms, and / or were diagnosed, and / or received medical advice / treatment within 48 months to prior to the first policy issued by the insurer.
• For any medical condition or medical procedure resulting directly or indirectly from self inflicted injuries, attempted suicide, whether the Life Assured is sane or insane
• For any medical conditions suffered by the Life Assured or any medical procedure undergone by the Life Assured if that medical condition or that medical procedure was caused directly or indirectly by Acquired Immunodeficiency Syndrome (AIDS), AIDS related complex or infection by Human Immunodeficiency Virus (HIV)
• For any medical conditions suffered by the Life Assured or any medical procedure undergone by the Life Assured, if that medical condition or that medical procedure was caused directly or indirectly by any congenital anomaly or defect
• For any medical condition or any medical procedure arising from the donation of any of the Life Assured’s organs
• For any medical conditions suffered by the Life Assured or any medical procedure undergone by the Life Assured, if that medical condition or that medical procedure was caused directly or indirectly by alcohol or drug abuse.
• For any medical condition or any medical procedure arising from nuclear contamination; the radioactive, explosive or hazardous nature of nuclear fuel materialsor property contaminated by nuclear fuel materials or accident arising from such nature.
• In order to be valid claim under any stage, the incidence of cancer after policy issuance must be the first incidence in the lifetime of the policyholder.
• Once a Minor Stage Cancer claim is paid, no payment for any future claims under the Minor Stage of the same Cancer would be admissible. Same cancer means cancer of the same organ and same histological type. Where the organs are in a pair such as breasts, lungs, kidneys, testes, ovaries etc., the entire pair is considered as one organ.