FUTURE GENERALI CANCER PROTECT PLAN
Getting diagnosed with Cancer is really heart breaking, and because of our lifestyle and surroundings, the risk of getting Cancer is on an all-time high. Cancer cases in India is skyrocketing and nobody is safe. The most demoralizing part about Cancer is that it not only affects your health but also puts a major burden on your financial status. However, the financial burden that you face can be eased with the help of a Cancer insurance. A cancer insurance policy by Future Generali will help you stay financially and psychologically secure in case you or a family member of yours is diagnosed with Cancer.
COVERAGE OPTIONS
Benefits offered under various Plan Options.
Grace Period:
You get a grace period of 30 days for annual mode / 15 days for monthly mode from the premium due date to pay your missed premium. During this grace period, you will continue to be insured and be entitled to receive the benefits. If a valid claim arises under the policy during the Grace Period, but before the payment of due premium, the claim will be honoured. In such cases, the due premium will be deducted from the benefit payable.
Tax Benefits:
The Premium(s) paid by you are eligible for tax benefit as may be available under the provisions of Section(s) 80D as applicable. For further details, consult your tax advisor. Tax benefits are subject to change from time to time.
Target Group
For the customers who want to financially protect themselves and their family from the medical and non medical expenses that are incurred in case Cancer is diagnosed and also save taxes
Lump Sum Cover (Option 1) | Lump Sum Cover with Income Benefit (Option 2) | |
If Cancer is diagnosed in the Minor Stage | Receive 25% of your cover amount (Sum Assured) instantly | |
+ | ||
$ Your premiums are waived off for next three years or till the end of the policy term, whichever is earlier. | ||
If Cancer is diagnosed in Major Stage | #Receive your entire cover amount (Sum Assured) | #Receive your entire cover amount (Sum Assured) + Income of 2% of the cover amount (Sum Assured) per month for a period of 60 months on diagnosis of Major Stage Cancer |
If Cancer is diagnosed during Minor Stage and later a Major Stage Cancer is diagnosed* | Receive 25% of your cover amount (Sum Assured) on diagnosis of Minor Stage Cancer + $ Your premiums are waived off for next three years or till the end of the policy term, whichever is earlier. + #75% of your cover amount (Sum Assured) on diagnosis of Major Stage Cancer | Receive 25% of your cover amount (Sum Assured) on diagnosis in Minor Stage Cancer + $ Your premiums are waived off for next three years or till the end of the policy term, whichever is earlier. #75% of your cover amount (Sum Assured) on diagnosis of Major Stage cancer + Income benefit of 2% of the cover amount (Sum Assured) per month for a period of 60 months on diagnosis of Major Stage cancer |
- Minor Stage Cancer benefit shall be payable once during the entire life of the policy for Cancer of a particular organ.
- Maximum 4 times Minor Stage Cancer benefit is payable upto a maximum of sum assured, for separate organs, in the entire life of the policy.
- The policy will terminate once the Sum Assured is exhausted.
- Sum Assured shall be highest of the following:
- 10 times Annualised Premium, or
- 105% of total premiums paid as on date of claim event, or
- Maturity Sum Assured which is NIL.
- Absolute amount payable on death which is NIL.
- Sum Assured
Policy Year of Surrender | Guaranteed Surrender Value Factor as a percentage of Premium |
1 |
56% |
2 |
42% |
3 |
28% |
4 |
14% |
5 |
NIL |
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