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The word cancer can strike fear into anybody’s mind. Simply because this life-threatening disease not only adversely impacts the body but also puts one’s financial health under tremendous strain. With rapidly changing lifestyles, the risk of cancer is growing at an alarming rate in India. And the best way to fight cancer is to prepare for it.
Secure Plus Plan

Life shouldn't stop for Cancer. Neither should your family's financial security.

The word cancer can strike fear into anybody's mind. Simply because this life-threatening disease not only adversely impacts the body but also puts one's financial health under tremendous strain. With rapidly changing lifestyles, the risk of cancer is growing at an alarming rate in India. And the best way to fight cancer is to prepare for it. Like all the uncertainties in life now you can plan for cancer at every stage with Aditya Birla Sun Life Cancer Shield Plan. It's a promise that we will always be by your side.
 
Key Benefits:
 
  • 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
 
 
How Does Your Plan Work
 
 
Step 1 Choose your Sum Assured and Plan Option (Level Sum Assured | Increasing Sum Assured*)
   
Step 2 Choose Your Policy Term
   
Step 3 Choose the Income Benefit Option
   
*The effective sum assured in the first year will be equal to 100% of the initial sum assured. Thereafter, as long as no claim event has occurred, 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.
 
Illustration
 
 
Lets take an example
 
Mr. Yuvraj, aged 35 years works for an MNC in Punjab and lives with his parents and wife. He has mediclaim and also wishes to avail this plan.He selects an Increasing Sum Assured and Income Benefit option with initial sum assured of Rs. 25,00,000 and pays a premium of Rs. 6125 (exclusive of service tax and cess) annually for a policy term of 20 years.
 
Scenario 1: If Yuvraj is diagnosed with Early Stage of Cancer in 5th policy year but survives the rest of policy term without being diagnosed with any Major Stage of Cancer, the effective sum assured will be Rs. 37,50,000 (10% yearly increase on initial sum assured for 5 policy years). He will receive Rs. 11,25,000 (30% of Sum Assured on illness) which can be utilized for medication expenses etc. and premium will be waived till 10th policy year. From the 11th policy year, the premiums will be paid by Yuvraj and the coverage for Major Stage of Cancer will continue until the policy terminates.
 
 
 
 
Scenario 2: If Yuvraj is diagnosed with Major Stage of Cancer in 11th policy year, the benefits paid will be Rs. 50,00,000 (200% of initial sum assured) and Rs. 50,000 (Income benefit of 1% on Sum Assured on illness shall be paid monthly for next 5 years) and the policy will terminate. This can be utilized for treatment purposes and family's regular expenses.
 
 
 
 
Scenario 3: If Yuvraj is diagnosed with Early Stage of Cancer in 5th policy year and Major Stage of Cancer in 10th policy year, his effective sum assured from 5th year will be Rs. 37,50,000 (10% yearly increase on Initial Sum Assured for 5 policy years), he will receive Rs. 11,25,000 (30% of Sum Assured on Illness) and premium will be waived till 10th policy year.
 
 
 
 
 
On diagnosis of Major Stage of Cancer, he will receive Rs. 26,25,000 (100% of Sum Assured on Illness less previously paid claim for Early Stage of Cancer i.e. Rs. 11,25,000) and Rs. 37,500 (Income benefit of 1% on Sum Assured on illness shall be paid monthly for next 5 years) and the policy will terminate.
 
Eligibility
 
Entry Age
18 – 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 Lakhs / Maximum – Rs.50 Lakhs
For Cancer definition and exclusions please refer to the product brochure.
 
Please click here for Sample Policy Contract
 
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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. Service Tax 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. 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/8/16-17/9814 VER1/AUG/2016

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