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  • Cancer Cover Plan Licindiagov - in

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    Sampi
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    LIC's Cancer Cover is a regular premium payment health insurance plan that provides financial protection if the life assured is diagnosed with early or major stage cancer during the policy term. The plan offers two benefit options - level sum insured, where the basic sum insured remains unchanged, or increasing sum insured, where the sum insured increases by 10% annually for five years or until a cancer diagnosis. On survival until the end of the policy term, nothing is payable, but the sum assured is paid out in case of the life assured's unfortunate death during the policy term.

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    LIC's Cancer Cover is a regular premium payment health insurance plan that provides financial protection if the life assured is diagnosed with early or major stage cancer during the policy term. The plan offers two benefit options - level sum insured, where the basic sum insured remains unchanged, or increasing sum insured, where the sum insured increases by 10% annually for five years or until a cancer diagnosis. On survival until the end of the policy term, nothing is payable, but the sum assured is paid out in case of the life assured's unfortunate death during the policy term.

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    18 views5 pages

    Cancer Cover Plan Licindiagov - in

    Uploaded by

    Sampi
    LIC's Cancer Cover is a regular premium payment health insurance plan that provides financial protection if the life assured is diagnosed with early or major stage cancer during the policy term. The plan offers two benefit options - level sum insured, where the basic sum insured remains unchanged, or increasing sum insured, where the sum insured increases by 10% annually for five years or until a cancer diagnosis. On survival until the end of the policy term, nothing is payable, but the sum assured is paid out in case of the life assured's unfortunate death during the policy term.

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    of 5

    905-LIC's Cancer Cover

    Advantages
    * LIC’s Cancer Cover is a regular premium payment health insurance plan which provides
    financial protection in case the Life Assured is diagnosed with any of the specified
    Early and/or Major Stage Cancer during the policy term.
    The plan offers two benefit options wherein you have the flexibility to choose the
    type of Sum Insured at the inception.
    Level Sum Insured:
    The Basic Sum Insured shall remain unchanged throughout thepolicy term.
    Increasing Sum Insured:
    The Sum Insured increases by 10% of Basic Sum Insured each year for first
    five years starting from the first policy anniversary or until the diagnosis
    of first event of Cancer, whichever is earlier.

    Presented by:
    Subhash Kumar

    12/56, Desh bandhu Gupta Road ,


    Karol Bagh ,
    New Delhi -110006
    +91 9899147231
    905-LIC's Cancer Cover
    LIC CANCER COVER Plan No. 905 is a non-linked, regular premium payment health insura
    plan which provides fixed benefit in case the Life Assured is diagnosed with any of the
    specified Early and/or Major Stage Cancer during the policy term.

    Table No.

    905
    Release Date

    14/11/2017
    On survival to the end of the policy term, nothing shall be payable.
    Maturity Benefits

    In case of unfortunate death of the Life Assured during the policy term Sum Assured
    shall be payable.
    Death Benefits

    Nill

    GSV & SSV Benefits

    Disclaimer : The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the

    proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
    Plan Summary

    Premium
    First Year Premium Rs. 7,021
    Rest Of Year Premium Rs. 7,021

    Tax Saved
    Total Term Premium Paid Rs. 1,40,420
    Total Tax Saved Rs. 28080

    Maximum Risk Cover


    Maximum Risk Cover Rs. -2,14,74,83,648
    Minimum Risk Cover 2,14,74,83,647

    Returns
    Total Amount Received Rs. 0
    This Presentation is Specially
    Subhash Kumar
    Prepared For:

    12/56, Desh bandhu Gupta Road , Name: Mr. ABC


    Karol Bagh ,
    New Delhi -110006 Age: 30
    +91 9899147231

    Year Age Risk Cover Premium Tax Net Surrender Loan Maturity
    Saved Premium Value Value Value
    Normal Accidental

    2020 30 50,00,000 0 7,021 1,404 5,617 0 0 0

    2021 31 50,00,000 0 7,021 1,404 5,617 0 0 0

    2022 32 50,00,000 0 7,021 1,404 5,617 0 0 0

    2023 33 50,00,000 0 7,021 1,404 5,617 0 0 0

    2024 34 50,00,000 0 7,021 1,404 5,617 0 0 0

    2025 35 50,00,000 0 7,021 1,404 5,617 0 0 0

    2026 36 50,00,000 0 7,021 1,404 5,617 0 0 0

    2027 37 50,00,000 0 7,021 1,404 5,617 0 0 0

    2028 38 50,00,000 0 7,021 1,404 5,617 0 0 0

    2029 39 50,00,000 0 7,021 1,404 5,617 0 0 0

    2030 40 50,00,000 0 7,021 1,404 5,617 0 0 0

    2031 41 50,00,000 0 7,021 1,404 5,617 0 0 0

    2032 42 50,00,000 0 7,021 1,404 5,617 0 0 0

    2033 43 50,00,000 0 7,021 1,404 5,617 0 0 0

    2034 44 50,00,000 0 7,021 1,404 5,617 0 0 0

    2035 45 50,00,000 0 7,021 1,404 5,617 0 0 0

    2036 46 50,00,000 0 7,021 1,404 5,617 0 0 0

    2037 47 50,00,000 0 7,021 1,404 5,617 0 0 0

    2038 48 50,00,000 0 7,021 1,404 5,617 0 0 0

    2039 49 50,00,000 0 7,021 1,404 5,617 0 0 0

    Total 1,40,420 28,080 1,12,340 0

    Disclaimer : The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
    proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.
    This Presentation is Specially
    Subhash Kumar
    Prepared For:

    12/56, Desh bandhu Gupta Road , Name: Mr. ABC


    Karol Bagh ,
    New Delhi -110006 Age: 30
    +91 9899147231

    Modewise Summary of Installment Premiums


    ID DOC Plan Term PPT Basic Accidental Settlement Premium
    Sum Sum Option
    Assured Assured Yealy Half-Yly Quarterly ECS/SSS Single ** Daily

    1 10/05/2020 905 20 20 5000000 0 0 Years 7021 3581 0 0 0 19

    Total 5000000 0 No 7021 3581 0 0 0 19

    '*' : Assuming LIC will declare the above mentioned bonus rates for the year ended 31/03/2018.
    '**' : Daily premium is for indicative purpose only. Formula used - (Yearly Premium/365).
    '***' : Premiums indicated are inclusive of GST.

    Medical Requirements
    Medical Test :

    Internal Rate of Return(IRR) :-


    Normal : 0.0
    Income Tax Rebate : 0.0

    Disclaimer : The figures presented in this entire illustration are indicative and solely for the purpose of understanding the possible benefits from the
    proposed insurance. The benefits are not guaranteed and the actual results may depend on the future performance of the insurer.

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