Cancer cover by LIC

Life Insurance Corporation of India (LIC) recently announced launch of a cancer cover as a health insurance policy with sum assured ranging from Rs 10 lakh to Rs 50 lakh. The ‘Cancer Cover’ policy, can be taken by those in the age group of 20 to 65, was a non-linked plan with yearly and half-yearly premium paying options. Sum assured is available from Rs 10 lakh to Rs 50 lakh. There were two options — sum assured and increment of the sum assured by 10 per cent of basic sum assured for the first five years.