Insurance

What Are The Limitations and Conditions To Purchase Of Cancer Cover Insurance Policy

Early Stage Cancer Benefit shall be payable only once for the first ever event and Life Assured shall not be entitled to make another claim for the Early Stage Cancer of same or any other cancer. However, the coverage for the Major Stage Cancer under the policy shall continue until the policy terminates. (ii) Once a Major Stage Cancer Benefit is paid no payment for any future claims under Early Stage Cancer or Major Stage Cancer would be admissible. (iii) Total benefit under the Policy including Early Stage Cancer Benefit and Major Stage Cancer Benefit as specified above shall not exceed the maximum claim amount of 220% of Applicable Sum Insured. (iv) If the life assured claims for different stages of the same Cancer at the same time, the benefit shall only be payable for the higher claim admitted under the policy. (v) If there is more than one Cancer diagnosed in an event, the Corporation will only pay one benefit. That benefit will be the amount relating to the stage of Cancer which has the highest benefit amount.

2. 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. “Any stage” here means all stages of Cancer that occur during the waiting period. 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.

3. 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.

4. ELIGIBILITY: (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 (g) Minimum Premium: Rs. 2400/- for all modes (h) Minimum Basic Sum Insured: Rs.10,00,000 (i) Maximum Basic Sum Insured: Rs. 50,00,000 The maximum Basic Sum Insured under this plan shall not exceed an overall limit of Rs.50 lakhs taking all existing Critical Illness Cover policies including Cancer Cover and the Cancer Cover Sum Insured under the new proposal into consideration. The Basic Sum Insured shall be in multiples of Rs. 1,00,000/- only.

5. PAYMENT OF PREMIUMS: Premiums can be paid regularly during the policy term at yearly or half-yearly mode. A grace period of one month but not less than 30 days will be allowed for both yearly and halfyearly modes.

6. SAMPLE PREMIUM RATES: The premium rates under this plan are guaranteed for a period of first 5 years from the date of issuance of the policy. The Premium rates for future years will be subject to revision based on the Corporation’s experience under this plan and prior notice of at least 90 days to the policyholder. The sample tabular annual premium rates (in Rs.) (excluding applicable taxes, if any) per Rs. 1000/- Sum Insured are as under: Option I: Level Sum Insured Age (years) Policy Term (years) 20 30 Male Female Male Female 30 1.19 2.42 1.69 3.09 35 1.67 3.44 2.62 4.22 40 2.58 4.70 4.22 5.61 45 5.09 6.54 7.91 7.66 50 8.42 8.29 – – Option II: Increasing Sum Insured Age (years) Policy Term (years) 20 30 Male Female Male Female 30 1.56 3.35 2.32 4.36 35 2.26 4.79 3.69 5.99 40 3.58 6.57 6.05 7.98 45 7.08 9.01 11.33 10.76 50 11.95 11.48 – –

7. LOADING/REBATE FOR MODE OF PREMIUM PAYMENT & HIGH SUM INSURED: Mode Loading: Yearly mode – Nil Half-yearly mode – 2% of Tabular Premium High Sum Insured Rebate: – Nil Rebate for policies sold Online – 7% of Tabular Premium

8. REVIVAL: If premiums are not paid by the end of the grace period then the policy will lapse. A lapsed policy can be revived during the lifetime of the Life Assured, but within a period of two consecutive years from the date of the first unpaid premium and before the date of maturity, on submission of proof of continued insurability to the satisfaction of the Corporation and payment of all the arrears of premium(s) together with interest (compounding half-yearly) at such rate as fixed by the Corporation from time to time. The Corporation however, reserves the right to accept at original terms, accept with modified terms or decline the revival of a discontinued policy. The revival of the discontinued policy shall take effect only after the same is approved by the Corporation and is specifically communicated to the Life Assured. Waiting period, survival period and Exclusions as mentioned in this brochure will also apply on revival.

9. PAID-UP VALUE: This policy shall not acquire any paid-up value. 10. SURRENDER VALUE: No surrender value will be available under this plan. 11. POLICY LOAN: No loan facility will be allowed under this plan.

12. TAXES: Statutory Taxes, if any, imposed on such insurance plans by the Government of India or any other constitutional Tax Authority of India shall be as per the Tax laws and the rate of tax as applicable from time to time. The amount of applicable taxes, as per the prevailing rates, shall be payable by the policyholder, which shall be collected separately over and above in addition to the premiums payable by the policyholder. The amount of tax paid shall not be considered for the calculation of benefits payable under the plan.

13. FREE LOOK PERIOD: If the policyholder is not satisfied with the “Terms and Conditions” of the policy, he/she may return the policy to the Corporation within 15 days (30 days if policy is purchased Online) from the date of receipt of the policy bond stating the reasons of objections. On receipt of the same the Corporation shall cancel the policy and return the amount of premium deposited after deducting the proportionate risk premium for the period on cover, (shall not be applicable during the waiting period) and charges for stamp duty.

1,166 thoughts on “What Are The Limitations and Conditions To Purchase Of Cancer Cover Insurance Policy

  1. Hi would you mind letting me know which hosting company you’re utilizing?
    I’ve loaded your blog in 3 completely different browsers and I must say this blog loads
    a lot quicker then most. Can you recommend a good internet hosting provider at a
    reasonable price? Kudos, I appreciate it!

  2. My coder is trying to convince me to move to .net from PHP.
    I have always disliked the idea because of the costs. But he’s tryiong none the less.

    I’ve been using WordPress on numerous websites for about a year and am concerned about
    switching to another platform. I have heard fantastic things
    about blogengine.net. Is there a way I can transfer
    all my wordpress posts into it? Any help would be greatly appreciated!

  3. Woah! I’m really loving the template/theme of this blog.
    It’s simple, yet effective. A lot of times it’s challenging to get that
    “perfect balance” between superb usability and visual appearance.
    I must say that you’ve done a superb job with this.
    Also, the blog loads very quick for me on Opera.

    Outstanding Blog!

  4. Simply desire to say your article is as amazing.
    The clarity in your post is simply spectacular and i can assume you are an expert on this subject.
    Well with your permission let me to grab your feed to keep up to date with forthcoming post.
    Thanks a million and please keep up the gratifying work.

  5. I have been browsing on-line more than 3 hours today, yet I never found any fascinating
    article like yours. It is beautiful price enough for
    me. Personally, if all site owners and bloggers made just right content material as you probably did, the internet
    might be much more helpful than ever before.

  6. Howdy! This blog post could not be written much
    better! Looking through this article reminds me of my previous roommate!
    He continually kept talking about this. I’ll forward this post to him.
    Fairly certain he’ll have a great read. Many thanks for sharing!

  7. Amazing! This blog looks exactly like my old one! It’s on a
    entirely different subject but it has pretty much the same layout and
    design. Superb choice of colors!

  8. My partner and I absolutely love your blog and find a lot of your post’s
    to be exactly I’m looking for. Do you offer guest writers to
    write content for you? I wouldn’t mind writing a post or elaborating on a number
    of the subjects you write related to here. Again, awesome
    site!

  9. I am really impressed with your writing skills as well
    as with the layout on your weblog. Is this a paid theme or did you
    modify it yourself? Either way keep up the nice quality writing, it is rare to see a
    great blog like this one these days.

  10. I have learn some just right stuff here. Definitely value
    bookmarking for revisiting. I wonder how so much effort you place to create one of
    these magnificent informative web site.

  11. Hey there, I think your website might be having browser compatibility issues.
    When I look at your website in Ie, it looks fine but when opening in Internet Explorer, it
    has some overlapping. I just wanted to give you a quick heads up!
    Other then that, excellent blog!

  12. This is very interesting, You’re a very skilled blogger.
    I’ve joined your rss feed and look forward to seeking more of your excellent post.

    Also, I have shared your web site in my social networks!

  13. First of all I want to say excellent blog! I had a quick question that I’d like to ask if you
    don’t mind. I was curious to know how you center yourself and clear your head before writing.
    I’ve had difficulty clearing my thoughts in getting my ideas out.
    I do enjoy writing however it just seems like the first 10 to 15 minutes are usually wasted just
    trying to figure out how to begin. Any recommendations
    or hints? Thanks!

  14. With havin so much content and articles do you ever run into any problems of
    plagorism or copyright infringement? My website has a lot of completely unique content
    I’ve either authored myself or outsourced but it appears a lot of it is
    popping it up all over the web without my agreement.

    Do you know any methods to help stop content from being ripped off?

    I’d truly appreciate it.

  15. Wow that was strange. I just wrote an really long comment but after I clicked submit my comment didn’t show up.
    Grrrr… well I’m not writing all that over again. Anyway, just wanted
    to say superb blog!

  16. What i don’t understood is in reality how you’re
    not really a lot more neatly-preferred than you may be
    now. You’re very intelligent. You realize thus significantly on the subject of this topic, made me in my
    view imagine it from a lot of various angles. Its like
    men and women are not involved until it is one thing to do with Girl
    gaga! Your personal stuffs great. Always maintain it
    up!

  17. I blog frequently and I seriously thank you for your content.

    This great article has truly peaked my interest. I’m going
    to book mark your blog and keep checking for new details
    about once a week. I opted in for your RSS feed as well.

  18. Hello! I’m at work surfing around your blog from my new
    iphone! Just wanted to say I love reading your blog and look forward to
    all your posts! Keep up the superb work!

  19. Wonderful post however I was wondering if you could write
    a litte more on this subject? I’d be very thankful if you could elaborate a
    little bit further. Kudos!

  20. I’m curious to find out what blog platform you have been using?

    I’m experiencing some small security problems with my latest website and I would like to find something more secure.
    Do you have any recommendations?

  21. I have to thank you for the efforts you have put in penning this blog.
    I am hoping to check out the same high-grade blog posts by you later on as well.
    In truth, your creative writing abilities has motivated me to get my own, personal site now 😉

  22. I have been surfing online more than 4 hours today, yet I never found any interesting article like yours.
    It is pretty worth enough for me. In my opinion, if
    all site owners and bloggers made good content as you did, the web will be a
    lot more useful than ever before.

  23. My coder is trying to convince me to move to .net from PHP.

    I have always disliked the idea because of the costs.
    But he’s tryiong none the less. I’ve been using WordPress on numerous websites
    for about a year and am worried about switching to another platform.

    I have heard excellent things about blogengine.net.
    Is there a way I can transfer all my wordpress posts into it?
    Any help would be really appreciated!

  24. An outstanding share! I have just forwarded this onto a co-worker who was doing a little
    research on this. And he actually bought me dinner because I found it for him…
    lol. So allow me to reword this…. Thank YOU for the meal!!
    But yeah, thanx for spending time to discuss this matter
    here on your blog.

  25. whoah this blog is wonderful i really like studying your posts.
    Stay up the good work! You know, a lot of people are
    hunting around for this info, you could help them
    greatly.

  26. I’ve read several excellent stuff here. Certainly worth bookmarking
    for revisiting. I wonder how a lot attempt you set to create
    one of these wonderful informative site.

  27. With havin so much content and articles do you ever run into any issues of plagorism or copyright violation? My blog has a lot
    of unique content I’ve either created myself or outsourced but it seems a lot of it is popping it up all over
    the internet without my permission. Do you know any methods to help reduce
    content from being ripped off? I’d certainly appreciate it.

  28. Very good website you have here but I was curious about if you knew of any community forums that cover the same topics talked about here?
    I’d really love to be a part of online community where I can get feed-back from other knowledgeable individuals that
    share the same interest. If you have any recommendations,
    please let me know. Appreciate it!

  29. I’ve been exploring for a little for any high quality articles or blog posts on this sort of area .

    Exploring in Yahoo I ultimately stumbled upon this web site.
    Reading this information So i am satisfied to exhibit that I’ve
    an incredibly excellent uncanny feeling I came upon exactly what I needed.
    I such a lot without a doubt will make certain to do not
    forget this site and provides it a look regularly.

  30. Its like you read my thoughts! You seem to know so much about
    this, such as you wrote the book in it or something.
    I believe that you simply could do with a few p.c.
    to drive the message home a little bit, but instead of that, this is excellent blog.
    An excellent read. I will definitely be back.

  31. What i do not understood is in reality how you are no longer actually much more neatly-liked than you may be now.
    You are so intelligent. You realize thus considerably
    in terms of this topic, produced me in my opinion believe it from numerous numerous angles.
    Its like women and men aren’t interested except it’s one thing to do with Woman gaga!

    Your own stuffs outstanding. Always maintain it up!

  32. We’re a group of volunteers and starting a new
    scheme in our community. Your website provided us with
    valuable information to work on. You’ve done a formidable
    job and our whole community will be grateful to you.

  33. Hey there, I think your website might be having browser compatibility issues.
    When I look at your blog in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping.

    I just wanted to give you a quick heads up! Other then that, excellent blog!

  34. You really make it appear so easy along with your presentation but I to find this topic to be actually something
    that I feel I would by no means understand. It kind of feels too complicated and very wide for me.
    I am having a look forward for your subsequent publish, I’ll try to get the hold of it!

  35. Nice post. I used to be checking constantly this blog and I’m
    impressed! Extremely helpful information specially the remaining phase :
    ) I deal with such info a lot. I used to be looking for this particular information for a very lengthy time.
    Thank you and best of luck.

  36. I am extremely impressed with your writing skills as well as with the layout on your weblog.
    Is this a paid theme or did you modify it yourself?
    Either way keep up the excellent quality writing, it is rare to see
    a nice blog like this one today.

  37. Hi would you mind letting me know which hosting company you’re utilizing?

    I’ve loaded your blog in 3 different internet browsers and
    I must say this blog loads a lot faster then most.
    Can you suggest a good hosting provider at a reasonable price?
    Thanks a lot, I appreciate it!

  38. Today, I went to the beachfront with my children. I found a sea shell and gave it to my 4
    year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her
    ear and screamed. There was a hermit crab inside and it pinched her ear.
    She never wants to go back! LoL I know this is completely
    off topic but I had to tell someone!

  39. You’re so interesting! I do not believe I’ve read through
    something like that before. So nice to discover another person with unique thoughts on this
    topic. Seriously.. thanks for starting this up. This web
    site is one thing that’s needed on the internet,
    someone with a little originality!

  40. I got this web site from my buddy who informed me concerning this web site and at the moment this time
    I am visiting this site and reading very informative content
    here.

  41. I think this is among the most vital info for me.
    And i’m satisfied studying your article. However want to statement on some general things, The
    website style is wonderful, the articles is truly excellent :
    D. Good task, cheers

  42. When I originally left a comment I seem to have clicked the -Notify me when new
    comments are added- checkbox and from now on every time a comment is added I recieve 4 emails with
    the same comment. Is there a way you can remove
    me from that service? Thanks a lot!

  43. Howdy excellent website! Does running a blog similar to this require a great deal of work?

    I’ve virtually no understanding of programming however I had been hoping to start
    my own blog soon. Anyhow, if you have any ideas or tips for new blog
    owners please share. I understand this is off topic nevertheless I simply needed to ask.
    Thanks a lot!