Health Insurance LICs Cancer Cover Plan 905 Benefit

सव सथय ब म Health Insurance LIC’s Cancer Cover ( Plan 905)

Benefit Options Two benefit options are available which can be chosen by the proposer at the outset & premium rates vary depending on the option chosen Option I Level Sum Insured • The Basic Sum Insured shall remain unchanged throughout the policy term Option II Increasing Sum Insured • The Sum Insured increases by 10% of Basic Sum Insured each year for first five years • Or • until the diagnosis of first event of Cancer, whichever is earlier. 11/27/2020 2

Applicable Sum Insured shall be equal to – The Basic Sum Insured for policies taken under Option I; or Basic Sum Insured during first year and Increased Sum Insured thereafter, as per the provisions detailed in Option II above, for policies taken under Option II. 11/27/2020 3

Age Groups Eligibile (a) Minimum age at entry: 20 years (completed) (b) Maximum age at entry: 65 years (last birthday) (c) Minimum Policy Term: 10 years (d) Maximum Policy Term: 30 years (e) Minimum age at maturity: 50 years (f) Maximum age at maturity: 75 years

Eligibility • Minimum Premium: Rs. 2400/- for all modes • Premiums are guaranteed for a period of first 5 years from date of issuance of policy • Minimum Basic Sum Insured: Rs. 10, 000 • Maximum Basic Sum Insured: Rs. 50, 000 (Subject to an overall limit of Rs. 50 lakhs taking all existing Critical Illness Cover policies including Cancer Cover and the new proposal under consideration). The Basic Sum Insured shall be in multiples of Rs. 1, 000/- only

Benefit Structure of Early Stage Cancer: Provided the policy is in force, on first diagnosis of any one of the Specified Early stage cancers 1. Lump sum Benefit of 25% of applicable Sum Insured is paid (only once for first event) 2. PWB : Premium Waiver Benefit for next three policy years

Benefit Structure of Major Stage Cancer: Provided the policy is in force, on first diagnosis of any one of the Specified Major stage cancers 1. Lump sum Benefit of 100% of applicable Sum Insured less any claims paid previously 2. PWB - Future Premiums shall be Waived 3. Income Benefit @ 1% applicable sum insured shall be paid monthly for next 10 years to life assured or nominee in case of death of LA.

Benefits Not Payable 1. No Maturity Benefit is payable 2. No Death Benefit is payable

Assignments / Nominations a) Assignments: Assignment is allowed under this plan b) Nominations: Nomination by the holder of a policy of life assurance is required as per Section 39 of the Insurance Act, 1938 C) Policy Loan: No loan shall be available under this plan

Waiting Period • A waiting period of 180 days will apply from the date of issuance of policy or date of revival of risk cover, whichever is later, to the first diagnosis of any stage cancer. • No benefit shall be payable if any stage of Cancer occur before expiry of 180 days from the date of issuance of policy or date of revival and the policy shall terminate. Survival Period No benefit shall be payable if the Life Assured dies within a period of 7 days from the date of diagnosis of any of the specified Early Stage Cancer or Major Stage Cancer. The 7 days survival period includes the date of diagnosis.

Exclusions (i) Any Pre-Existing Condition i. e. any cancer condition, precancerous condition where policyholder had signs or symptoms, and / or were diagnosed, and / or received medical advice / treatment within 48 months prior to the date of issuance of policy or revival of the policy. (ii) If the diagnosis of any stage of Cancer was made within 180 days from the Date of issuance of policy or date of revival of risk cover whichever is later; (iii) For any medical conditions or procedure was caused directly or indirectly by AIDS related complex or infection by Human Immunodeficiency Virus (HIV); (iv) For any medical condition or procedure arising from the donation of any of the Life Assured’s organs; (v) For any medical conditions or procedure was caused directly or indirectly by alcohol or drug

Exclusions of Early stage Cancer benefits • All tumors which are histologically described as benign, borderline malignant, or low malignant potential • Dysplasia, intra-epithelial neoplasia or squamous intra-epithelial lesions • Carcinoma in-situ of skin and Melanoma in-situ • All tumors in the presence of HIV infection are excluded

Exclusions of Major stage Cancer benefits • • • All tumors which are histologically described as carcinoma in situ, benign, premalignant, borderline malignant, low malignant potential, neoplasm of unknown behavior, or non-invasive, including but not limited to: Carcinoma in situ of breasts, Cervical dysplasia CIN-1, CIN -2 and CIN-3. Any non-melanoma skin carcinoma unless there is evidence of metastases to lymph nodes or beyond; Malignant melanoma that has not caused invasion beyond the epidermis; All tumors of the prostate unless histologically classified as having a Gleason score greater than 6 or having progressed to at least clinical TNM classification T 2 N 0 M 0 All Thyroid cancers histologically classified as T 1 N 0 M 0 (TNM Classification) or below; Chronic lymphocytic leukaemia less than RAI stage 3 Non-invasive papillary cancer of the bladder histologically described as Ta. N 0 M 0 or of a lesser classification, All Gastro-Intestinal Stromal Tumors histologically classified as T 1 N 0 M 0 (TNM Classification) or below and with mitotic count of less than or equal to 5/50 HPFs; All tumors in the presence of HIV infection.

Claims process Proof satisfactory to the Corporation Within 120 days from the date on which any of the contingencies under Early Stage Cancer or Major Stage Cancer shall be furnished as below: • Claim Form along with NEFT mandate from the Claimant • Original Policy document; • Treating doctor certificate filled by the doctor treating the Life Assured for the diagnosed ailment. • Hospital certificate/Discharge Summary duly filled by the hospital where Life Assured was admitted. • Confirmatory investigations including, clinical, radiological, histological & laboratory evidence; • Any other document or information as asked for by the Corporation

Claims process contd. . • Claim Forms to be submitted at Branch office • Processing of claims by DHU – M(HI) • DMR opinion is sought on all claims for technical guidance • Payment is made from Branch office.

Termination Of Policy The policy shall be terminated upon the happening of either of the first of the following events. 1. On the death of the Life Assured; 2. On the date of maturity; 3. On payment of the Major Stage Cancer, however, Income Benefit shall continue to be payable as and when due; 4. On the diagnosis of any stage cancer during the waiting period; 5. On cancellation of the policy by the Life Assured or insurer; 6. On expiry of revival period; 7. On grounds of misrepresentation, fraud, non-disclosure or noncooperation of the insured; 8. In case the policyholder does not renew the policy after premium review, if any.