Getting diagnosed with Cancer is really heart breaking, and because of our lifestyle and surroundings, the risk of getting Cancer is on an all-time high. Cancer cases in India is skyrocketing and nobody is safe. The most demoralizing part about Cancer is that it not only affects your health but also puts a major burden on your financial status. However, the financial burden that you face can be eased with the help of a Cancer insurance. A cancer insurance policy by Future Generali will help you stay financially and psychologically secure in case you or a family member of yours is diagnosed with Cancer.
Benefits offered under various Plan Options.
Free Look Period: In case you disagree with any of the terms and conditions of the policy, you can return the policy to the company within 15 days (30 days if policy is sold through direct marketing mode) of its receipt for cancellation, stating your objections. Future Generali will refund the policy premium after the deduction of stamp duty charges, medical expenses, if any and proportional risk premium for period of cover, if any.
Surrender Value: There is no surrender value applicable under regular pay option.
The policy acquires a Surrender Value immediately after payment of single premium. The policyholder may terminate the policy anytime by surrendering the policy for a surrender value.
For single premium option, surrender benefit is equal to single premium including extra premium for substandard lives, if any (exclusive of service tax) multiplied by surrender value factor as given below:
|Policy Year of Surrender||Guaranteed Surrender Value Factor as a percentage of Premium|
You get a grace period of 30 days for annual mode / 15 days for monthly mode from the premium due date to pay your missed premium. During this grace period, you will continue to be insured and be entitled to receive the benefits. If a valid claim arises under the policy during the Grace Period, but before the payment of due premium, the claim will be honoured. In such cases, the due premium will be deducted from the benefit payable.
The Premium(s) paid by you are eligible for tax benefit as may be available under the provisions of Section(s) 80D as applicable. For further details, consult your tax advisor. Tax benefits are subject to change from time to time.
Applying for Future Generali Cancer Protect Plan is extremely easy. Simply go online and get yourself a Cancer insurance plan cover just with the help of few simple steps. The process is extremely hassle-free and quick.
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|Entry Age (as on last birthday)||For Major lives : 18 years to 65 years
For Minor lives# :1 year to 17 years
|Premium Payment frequency & Policy Term||Regular premium||Single premium|
|For Major lives - 10 years, 15 years, 20 years or 80 years minus age at entry.
For Minor lives - 18 minus age at entry or 10 years, whichever is higher
Maximum coverage Age is 80 years
|Sum Assured||For Major lives : Rs.10 lakhs, Rs.20 lakhs, Rs.30 lakhs and Rs.40 lakh
For Minor lives: Rs. 10 lakhs
|Premium payment mode||Regular Premium – Annual and Monthly
Single Premium – One time payment
|#Policy on Minor Life can be taken only when either one of the parent or legal guardian has also taken cover under Future Generali Cancer Protect Plan|
No benefit is payable under the Plan for any Major Cancer, Carcinoma-in-situ and Early Stage Cancer, resulting directly or indirectly from or caused or contributed by (in whole or in part) any of the following:
i. Sexually Transmitted Disease, AIDS or HIV
ii. Any congenital conditions; or
iii. Any pre-existing condition (as defined above)
iv. Intoxication by alcohol or narcotics or drugs not prescribed by a Registered Medical Practitioner.
v. Nuclear, biological or chemical contamination (NBC).
Future Generali Cancer Protect Plan UIN: 133N063V01
Tax benefits are subject to change in law from time to time. You are advised to consult your tax consultant
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRADULENT OFFERS.
IRDAI clarifies to the public that: