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ABSLI Cancer Shield Plan

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Aditya Birla Sun Life Insurance Cancer Shield Plan is a health insurance plan that provides with requisite fund in the hour of need and protects your personal savings in a predicament like Cancer.

Download the Product Brochure from here for more details

Key features:

  • Covers all stages of Cancer i.e. Early Stage of Cancer and Major Stage of Cancer
  • Option to choose level or increasing cover
  • Option to receive monthly income for 5 policy years on diagnosis of Major Stage of Cancer
  • Waiver of premium for 5 years on diagnosis of Early Stage of Cancer
  • Tax Benefits as per Section 80D of the Income Tax Act, 1961 as per current tax laws

Cancer Shield Plan at a glance

Entry Age 18 to 65 years
Maturity age or Cover Ceasing Age 75 years
Policy Term Minimum - 5 years
Maximum – 20 years
Premium Paying Term Regular Pay
Premium Paying Mode Annual | Semi-annual | Quarterly | Monthly
Sum Assured Min. 10,00,000
Max. 50,00,000

Policy Benefits at different stages of Cancer:

On the diagnosis of Early Stage of Cancer, 30% of the Sum Assured on illness will be paid to you. At the Major Stage of Cancer, 100% of the Sum Assured on illness will be paid to you. This is excluding any claim paid during the Early Stage of cancer.

  • Sum Assured on Illness is the highest of
    • 10 times the annual premium; or
    • 105% of all the premiums paid till the date of a valid claim; or
    • Minimum guaranteed sum assured on maturity; or
    • Effective Sum Assured
  • The only illness covered under this plan is Cancer.
  • Annual Premium is the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums, GST and loadings for modal premiums, if any. The minimum guaranteed sum assured on maturity is nil.

Premium Waiver Benefit:

Once a claim under the Early Stage of Cancer Benefit is approved, all future premium payments for the policy will be waived for lower of 5 years or remaining policy term. The coverage for Major Stage of Cancer under the policy will continue until the policy terminates.

Income Benefit Option:

This benefit can be chosen at the time of policy inception and cannot be opted out from later. Under this, a monthly income equivalent to 1% of the Sum Assured on illness would be paid out once a claim for Major Stage Cancer has been admitted. This monthly income benefit will be payable for a fixed period of next 5 years even beyond the policy expiry date

Sample Illustration:

Entry Age 35 years
Gender Male
Policy Term 20 years
Sum Assured ₹ 25,00,000
Annual Premium ₹ 4,396
Premium Paying Term Regular Pay
Pay Frequency Annual
Sum Assured Option Level Sum Assured
Policy Year Premium Paid (in Rs.) Lumpsum benefit in case of Minor stage of Cancer (in Rs.) Lumpsum benefit in case of Major stage of cancer (in Rs.)
1 4396 7,50,000 25,00,000
2 4396 7,50,000 25,00,000
3 4396 7,50,000 25,00,000
4 4396 7,50,000 25,00,000
5 4396 7,50,000 25,00,000
6 4396 7,50,000 25,00,000
7 4396 7,50,000 25,00,000
8 4396 7,50,000 25,00,000
9 4396 7,50,000 25,00,000
10 4396 7,50,000 25,00,000
11 4396 7,50,000 25,00,000
12 4396 7,50,000 25,00,000
13 4396 7,50,000 25,00,000
14 4396 7,50,000 25,00,000
15 4396 7,50,000 25,00,000
16 4396 7,50,000 25,00,000
17 4396 7,50,000 25,00,000
18 4396 7,50,000 25,00,000
19 4396 7,50,000 25,00,000
20 4396 7,50,000 25,00,000

Premiums are inclusive of GST and any applicable taxes.

The policy will terminate at the earliest of the following:

  • The date when claim for Major Stage of Cancer is paid if Income Benefit Option has not been opted
  • The policy expiry date
  • The date when the last instalment is paid if Income Benefit Option is opted
  • The date on which the reinstatement period ends after your policy has been lapsed
  • On cancellation of the policy by the policyholder
  • On the date of intimation of death of the Life Insured

For more details on exclusions, please refer exclusion section in policy brochure.

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This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating traditional health insurance plan. All terms & conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. For more details on risk factors, terms and conditions, please refer to the sales brochure before concluding the sale. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited).


Aditya Birla Sun Life Insurance Company Limited, Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company.

Registered Office:
One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013.
Registration No. 109
Unique No. 109N103V01


  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.