Future Generali Cancer Protect Plan

Policy Benefits

The Plan offers 2 Plan Variants

Option 1: Lump sum Cover

Option 2: Lump sum Cover with Income Benefits

Lump sum Benefit

• On being diagnosed at minor stage, lump sum benefit of 25% of the sum assured is payable. Maximum 4 times minor stage cancer benefit is payable upto a maximum of sum assured.
• On being diagnosed at major stage, lump sum benefit of 100% of the sum assured is payable minus the already paid claim amount (if any).

Waiver of Premium Benefit

The premiums are waived off for next three years or till the end of the policy term, whichever is earlier.

Income Benefit

Income of 2% of the cover amount (Sum Assured) per month for a period of 60 months on diagnosis of Major Stage Cancer.This benefit is exclusively available with option 2 plan variant only.

Death Benefit

There is no death benefit payable under this plan.

Maturity Benefit

There is no maturity benefit payable under this plan.

Surrender Benefit

The policy acquires a Surrender Value immediately only in case of single premium.The surrender value depends on the year of surrender.

How the Plan Works?

Let us understand the plan with the example of Mr. Raj

Life Insured: Mr. Bajaj

Age: 30 years

Term: 20 years

Sum Insured: Rs 20 lakh

Annual Premium: Rs 1,144 plus taxes





 

Value Added Benefits

• Avail tax benefits u/s 80D as per IT Act, 1961 for premium paid for this plan.
• Quick Claim Settlement.

Sub Limits

• No Co pay/cost sharing is applicable.

Waiting Period Clause

• Initial Waiting Period: No claim is admissible within a period of 180 days beginning on the Commencement Date or the Date of Reinstatement of the Policy.
• Survival Period Waiting Period:Survival time period of 7 days is required from the date of diagnosis of Cancer for the claims to be eligible.