ABSLI Cancer Shield Plan

PROTECTING your savings and lifestyle through every stage of cancer is possible.

With rapidly changing lifestyles, the risk of cancer is growing at an alarming rate in India and the expenses cause a huge dent in your savings. ABSLI Cancer Shield Plan covers you financially through every stage of cancer and protects your savings against the disease.

Key Features

  • Complete financial security
  • Worry free goal achievement through Policy Continuance Benefit
  • Choose from 4 investment options
  • Death Benefit In case of your unfortunate demise during the policy period, a pre-determined death benefit will be paid to your nominee. The policy will stand terminated once the death benefit is paid.
  • Terminal illness benefit The policy comes with an inbuilt terminal illness cover. In case you’re diagnosed with a Terminal illness during the policy period, 50% of the applicable sum assured on death, subject to a maximum of Rs. 2.5 Crore will be paid immediately and the remaining future premiums on your policy will be waived off.
  • Waiver of premium In case you suffer with total or permanent disability during the policy term, all future premiums will be waived off. The death benefits under the policy will remain unaffected.
  • Return of Premium If you choose Plan Option 7 or 8, the sum total of all premiums paid by you shall be returned to you on policy maturity date in case you survive the policy period.
  • Joint life protection Under this option, two lives, i.e., you (primary life insured) and your spouse (secondary life insured) are covered under the same policy. The Sum Assured applicable for your spouse shall be equal to 50% of your applicable Sum Assured. You can opt for Joint Life Protection for only if Plan Option 1, 2, 3 or 4 is chosen. No rider can be opted under this option.
  • Enhanced life stage protection Your protection needs varies at different lifestages owing to occurrence of events like marriage and birth of children. You can choose to increase the coverage on occurrence of each of the events without undergoing any fresh medical examination.
  • Customisable benefits For added protection, ABSLI Life Shield Plan can be enhanced by following riders for a nominal extra cost:
    • ABSLI Accidental Death and Disability Rider
    • ABSLI Critical Illness Rider
    • ABSLI Surgical Care Rider
    • ABSLI Hospital Care Rider
    • ABSLI Accidental Death Benefit Rider Plus
    You can opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus and not both.
  • Entry Age (age last birthday) 18 to 65 years
  • Maximum Maturity Age 80 years
  • Policy Term Minium
    • For Plan Option: 1 | 2 | 3 | 4 | 5 | 6 – 10 years
    • For Plan Option: 7 | 8 or 20 years
    • Maximum 50 years
  • Premium Paying Term Single Pay | Limited Pay – 6, 8 Years | Regular Pay
  • Premium Mode Annual | Semi-annual | Quarterly | Monthly
  • Sum Assured Minimum
    • Maximum Rs. 25,00,000
    • No Limit (subject to underwriting guidelines)

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FAQs

  • Is cancer insurance necessary? Do I need a separate plan for cancer?

    A health insurance with cancer cover may not be able to cover the high financial burden of cancer treatment. Cancer-dedicated plans can be a substitute for the loss of income if you need to take a break from your work because of the illness. A cancer insurance policy in India is a step ahead and provides higher cover for a relatively low premium. With the ABSLI Cancer Shield Plan, you are financially covered at every stage of cancer and can protect your savings against the disease. You have the option to choose level or increasing cover, and also monthly income on diagnosis of major stage.

  • There are no cases of cancer in my family; do I need a cancer plan?

    With rapidly changing lifestyles, the risk of cancer is growing at an alarming rate in India and the treatment-related expenses could cause a huge dent in your savings.

  • Which cancer plan should I go for?

    Keep these few important things in mind while choosing the best cancer plan for you: 

    1. The benefits, including payouts, at all stages.
    2. What kind of benefit applies at each stage and the total benefits under the plan.
    3. Does the Cancer plan offer a fixed sum insured throughout the term or does the sum insured increase by a certain percentage every year up to a certain fixed limit? (The increased sum insured is called the indexed sum insured as the annual increase is indexed to the initial sum insured.) Though the premium could be higher for such a plan, it does ensure taking care of the escalating medical costs.
    4. Is there a waiver for all future premiums upon diagnosis? Check what stage the plan offers it at.
    5. Will there be a regular income benefit as a fixed percentage of the sum insured upon diagnosis?
  • Do I get a tax benefit in ABSLI Cancer Shield plan?

    Yes, there are tax benefits with ABSLI Cancer Shield Plan. You get tax benefits as per Section 80D of the Income Tax Act, 1961 as per current tax laws.1.

    1Tax benefits are subject to changes in the tax laws. You are advised to consult your tax advisor for the same.

  • Is the claim process easy for this cancer plan of Aditya Birla Sun Life Insurance?

    The process is fast, smooth and simple, ensuring your claims are settled quickly, hassle-free.

  • Are there any premium paying options for the plan?

    This is a Regular Pay Plan. The premiums will be guaranteed for first five policy years. Thereafter, premium rates are subject to change. Any change in the premium rates will take place subject to prior approval from the Insurance Regulatory and Development Authority of India (IRDAI) and after giving you adequate notice in advance. Your premium can be paid annually, semi-annually, quarterly or monthly (automated mode of payment). Your annualized premium will be multiplied by

    • 1.000 for annual installments
    • 0.519 for semi-annual installments
    • 0.265 for quarterly installments
    • 0.090 for monthly installments
  • Is there any minimum or maximum cover for this plan?

    Minimum - Rs. 10 lakh / Maximum - Rs. 50 lakh

  • What is Early Stage of Cancer?

    The diagnosis of any of the below listed conditions must be established by histological evidence and be confirmed by an independent medical practitioner who is also an oncologist in the relevant field.

    1. Carcinoma in - situ: Carcinoma in – situ means the presence of malignant cancer cells that remain within the cell group from which they arose. It must involve the full thickness of the epithelium but does not cross basement membranes and it does not invade the surrounding tissue or organ. The diagnosis of which must be positively established by microscopic examination of fixed tissues.
    2. Prostate Cancer – early stage: Early Prostate Cancer that is histologically described using the TNM classification as T1N0M0 with a Gleason Score 2 (two) to 6 (six).
    3. Thyroid Cancer – early stage: All thyroid cancers that are less than 2.0 cm and histologically classified as T1N0M0 according to TNM classification.
    4. Bladder Cancer – early stage: All tumors of the urina_ bladder histologically classified as TaNoMo according to TNM classification.
    5. Chronic Lymphocytic Leukemia – early stage: Chronic Lymphocytic Leukemia categorized as stage 0 (zero) to 2 (two) as per the RAI classification.
    6. Cervical Intraepithelial Neoplasia: Severe Cervical Dsyplasia reported as Cervical Intraepithelial Neoplasia 3 (CIN3) on cone biopsy.
  • What is major stage of Cancer?

    The stage in which a malignant tumor characterised by the uncontrolled growth and spread of malignant cells with invasion and destruction of normal tissues. The diagnosis must be supported by histological evidence of malignancy and confirmed by a pathologist. The term cancer includes, but is not limited to, leukemia, lymphoma and sarcoma.

  • What do you mean by any Pre–Existing Disease?

    It is any condition, ailment or injury or related condition(s) for which you had signs or symptoms and/or were diagnosed and/or received medical advice or treatment within 48 months prior to the first policy issued by the Company.

  • What is premium guarantee?

    • Premium rates are guaranteed for the period of five years from the commencement of the policy.
    • Upon the completion of five policy years, or anytime thereafter, the premium rates may be revised subject to prior IRDAI approval.
    • Any revision in the premium rates shall be intimated to you at least 3 months prior to due date of next premium after such revision.
    • If premium rates are revised, they shall be guaranteed for the next five years from the renewal date.
    • Renewal date for application of revised premium rates shall be due every 5th year.
    • You will be given 30 days from due date of next premium payment to pay the revised premium failing which, all coverage under the policy will cease immediately and the policy will lapse.
  • What are exclusions under this plan?

    No benefit shall be payable under the policy in respect of any Major Cancer, Carcinoma-in-situ or Early Stage Cancer resulting directly or indirectly from or caused or contributed by (in whole or in part) :

    • Sexually Transmitted Diseases AIDS or HIV.
    • Carcinoma in-situ of skin and Melanoma in-situ
    • Any pre-existing condition
    • Intoxication by alcohol or narcotics or voluntarily taking or using any drug, medication or sedative unless it is an "over the counter" drug, medication or sedative taken according to package directions
    • Nuclear, biological or chemical contamination (NBC)

    Please refer to product brochure for detailed exclusions

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Disclaimer

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 any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. This leaflet contains only the salient features of the plan. 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. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) Registered Office: One World Center Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com Reg. No. 109 | CIN: U99999MH2000PLC128110. UIN: 109N103V02

ADV/9/20-21/1016

Need help with life insurance?

+91
I agree to the Terms of Usage and Privacy Policy and authorize Aditya Birla Sun Life Insurance Company Limited and its associates to call/SMS/Email/WhatsApp me.

Thank you for your details. We will reach out to you shortly.

1800-270-7000 or reach out to us on this number.

Thank you for your details. Currently we are facing issue in our system.

1800-270-7000 or reach out to us on this number.