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ABSLI Cancer Shield Plan

Cancer can spell doom for your health, your emotional state and also your finances. Treating cancer in India is an expensive matter, and many patients of the disease cannot get access to quality medical care owing to a paucity of finances.

But cancer need not become the end of the road for you and your loved ones. It helps to be prepared for this grim eventuality with a policy that covers you in case of cancer, all the same. And so, ABSLI brings to you the Cancer Shield Insurance Plan, a traditional non - participating Health Insurance Plan insurance policy that holds your hand after you have received the grim prognosis. This policy that covers you for all stages of cancer makes sure that your treatment costs are met and your family is well cared for, whatever tomorrow brings.

Benefits of ABSLI Cancer Shield Plan

  • Covers all stages of Cancer
  • Monthly income option for 5 years on diagnosis of Major Stage of Cancer
  • Premium waived off for 5 years if cancer is detected in the early stages
  • Tax Benefits as per Section 80D of the Income Tax Act, 1961 as per current tax laws. Tax benefits are subject to changes in the tax laws

Coverage under ABSLI Cancer Shield Plan

Consider the following benefits and clauses as entailed in this policy that covers you for cancer diagnosis.

Policy benefit:
  • Early stage detection: 30% of the sum assured on illness is paid
  • Advanced stage detection: 100% of the sum assured on illness minus claims paid previously for early stage detection
  • Sum assured on illness is the highest of:
    • 10 times the annual premium; OR
    • 105% of all the premiums paid till the date of claim; OR
    • Minimum guaranteed sum assured on maturity; OR
    • Effective sum assured
  • Annual premium is the premium payable in a year chosen by the policyholder, excluding the underwriting extra premiums, GST and other applicable taxes and loadings for modal premiums, if any
  • This plan covers only cancer and no other diseases
Premium Waiver Benefit:
  • Once a claim for Early Stage of Cancer benefit is approved, all future premium payments are waived for 5 years or remaining policy term, whichever is lower
  • Coverage for Major Stage of Cancer under the policy is liable up to policy termination. The benefit is brought into force after the early stage of cancer is independently investigated and the claim is confirmed
Income Benefit Option:
  • You can choose this benefit at the time of purchasing the policy, but it cannot be opted out of once chosen
  • You can receive a monthly payment equal to 1% of the Sum Assured on Illness after filing a claim for Major Stage Cancer and once it is verified and admitted
  • The monthly pay-out is extended for the next 5 years, even if the same extends beyond policy maturation date
  • In case of the unfortunate demise of the policy holder, the nominated family member can receive the income benefit mentioned above

The following are the clauses for termination of this cancer insurance plan:

  • The date when the claim for Major Stage of Cancer is paid but Income Benefit Option has not been opted, OR
  • The policy expiry date; OR
  • The date when the last instalment is paid if Income Benefit Option is opted; OR
  • The date on which the reinstatement period ends after the policy has lapsed; OR
  • On cancellation of the policy by the policyholder; OR
  • On the date of intimation of death of the life insured.

Why should you take ABSLI Cancer Shield Plan?

Your primary need to secure your loved ones and especially your children's future is amply met by the ABSLI Cancer Shield Plan. It takes away the stress from paying for expensive cancer treatment at the cost of sacrificing your income and precious savings.

Consider these additional benefits of the ABSLI Cancer Shield Plan:

  • It provides adequate coverage at all stages of cancer, from mild to severe
  • There are multiple pay-out options for the death benefit
  • The premium payment terms are extremely flexible
  • You receive income tax benefits as per prevailing norms under the Income Tax Act, 1961. Tax benefits are subject to changes in the tax laws.

Eligibility for ABSLI Cancer Shield Plan

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 Minimum - Rs. 10 Lakh / Maximum - Rs. 50 Lakh
Please refer to our product brochure for more details on exclusions and other eligibility criteria.

Buy ABSLI Cancer Shield Plan online

You can buy this traditional non - participating health insurance plan online quite easily by following these steps:

  1. Choose your Sum Assured and Plan Option (Level Sum Assured | Increasing Sum Assured*)
  2. Choose Your Policy Term
  3. Choose the Income Benefit Option
*The effective sum assured in the first year equals 100% of the initial sum assured. Thereafter, as long as no claim has been filed, the effective sum assured will increase by 10% of the initial sum assured on each policy anniversary starting from the first policy anniversary till the tenth policy anniversary.


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

Trade Logo "Aditya Birla Capital" displayed above is owned by ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) and used by ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the license.

Registered Office:
One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013.

CIN: U99999MH2000PLC128110

Registration No. 109. ADV/6/17-18/417 VER1/AUG/2016

UIN: 109N103V01


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