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
  • Policy Benefits

    You can claim for 30% of the Sum Assured on diagnosis of early stage of Cancer and the remaining 70% can be claimed on further diagnosis of major stage. If major stage is diagnosed in the first test, you can claim 100% of the Sum Assured.

  • 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 5 years or remaining policy term, whichever shorter, starting from the next premium due date following the date of diagnosis.

  • Income Benefit

    If you opt for the Income Benefit Option, a monthly income equivalent to 1% of the Sum Assured on Illness would be paid out for next 5 years on claim of Major Stage Cancer. In case of death of the policyholder, nominee will continue to receive the income benefit.

  • Grace Period & Reinstatement

    If you are unable to pay the premium by the due date, you will be given a grace period of 30 days during which time, all benefits under your policy will continue. If you do not pay the entire premium including revised premium, then the policy will lapse.

    The lapsed policy can be reinstated for its full coverage within five years from the first unpaid premium due date. This can be done by paying all outstanding premiums together with interest as declared by us from time to time and satisfactory completion of fresh underwriting in accordance with the Board-approved Underwriting Policy

  • Entry Age

    18 - 65 Years

  • Maturity Age or Cover Ceasing Age

    85 years

  • Policy Term

    Minimum - 5 Years / Maximum - 50 Years

  • Premium Paying Term

    Regular Pay

  • Premium Paying Mode

    Annual | Semi-Annual | Quarterly | Monthly

  • Sum Assured

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

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  • 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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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


Need help with life insurance?

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.