SBI Life launches cancer policy

SBI Life Insurance recently launched ‘SBI Life-Sampoorn Cancer Suraksha’, an individual, non-participating, non-linked health insurance product which helps one to prepare financially upon diagnosis of cancer. The comprehensive cancer insurance product has three benefit structures (standard, classic and enhanced) to cover different stages of cancer — minor, major and advanced. Along with it, it aims to provide financial stability by covering the treatment cost and unforeseen expenses that may arise during or later in the treatment process. The policy is available for those between six and 65 years of age. The maximum maturity age is 75 years. This is a regular premium payment product with policy term ranging from five years to 30 years. The minimum sum assured is Rs. 10 lakhs and the maximum Rs. 50 lakhs.