HDFC Life Cancer Care Policy is a comprehensive cancer care plan that is designed to offer financial security during different stages of cancer, early as well as advanced stages offered by HDFC ERGO Health Insurance. It offers three options to meet varied needs of their customers. The Waiver of Premium benefit and Income Benefit, available with the Platinum Plan, ensures financial security to the insured diagnosed of early and advanced stages of cancer respectively. The Gold and Platinum Plans are customized to offer increased benefit wherein the sum insured increases by a certain pre-decided interest every policy year.
Under this option, the following benefits are payable:
Cancer Diagnosis Benefit - A lump sum benefit, as per the table below, will be paid on diagnosis of:
Carcinoma-in-situ or Malignant cancer
Early Stage cancers, and
Major Cancer
| Diagnosis Of | % of Applicable Sum Insured |
|---|---|
| Early stage cancer or Carcinoma-in-situ (CIS) | 25 |
| Major Cancer | 100 less Early Stage Cancer, or CIS claims, if any |
Waiver on Premium Benefit: On a valid claim of Early Stage Cancer or Carcinoma-in-situ (CIS) diagnosis, premiums will be waived for a period of 3 policy years. In case the outstanding term is less than 3 years, the premiums for the outstanding term would be waived.
Under this option, the policyholder receives the benefits described under the Silver option plus an increased benefit. Under Increased benefit, the Sum Insured increases by 10% of initial Sum Insured each year starting from the first policy anniversary. This will continue till the earlier of:
Increased Sum Insured becoming 200% of the Initial Sum Insured, or
Any claim event
once the claim is made, all future claims shall be based on the Increased Sum Insured at the time of first claim and further increases to the Increased Sum Insured shall not be applicable.
Under this option, the policyholder receives the benefits described under the Gold option benefit plus regular Income Benefit. Under Income benefit option, a monthly income equivalent to 1% of applicable sum insured would be paid out to you on diagnosis of the listed major cancers for a fixed period of next 5 policy years.
The benefits for Early Stage Cancer or Carcinoma-in-situ (CIS) shall be payable only once during the policy term and for its first occurrence only. On payment of benefits for Major Cancer, the benefits under the policy will terminate and no further benefits will be payable. Any outstanding Income Benefits will be paid as scheduled. In the event of the policyholder’s death while receiving the Income Benefit, the remaining payouts under this benefit will be paid to his/her nominee as scheduled.
Comprehensive cancer plan that provides financial protection to you and your family against early or major stages of cancer
Lump sum payout is provided on diagnosis of major as well as early stages of cancer
Waiver of Premium (WoP) for the next three policy years on receiving a valid claim of cancer diagnosis
Receive Income benefit for next 5 years, under Platinum option
Under Gold and Platinum option, the Sum Insured will be increased by 10% every year. This will continue till the increased Sum Insured becomes 200% of the Initial Sum Insured
All benefits and payouts are independent of any other health insurance plan
Provides tax benefits on premiums paid up to Rs. 55,000 nder Section 80D of the Income Tax Act, 1961.
| Plan Options | Silver | Platinum | Platinum |
|---|---|---|---|
| Base Benefit | Yes | Yes | Yes |
| Increased Benefit | No | Yes | Yes |
| Income Benefit | No | No | Yes |
Carcinoma-in-situ or Malignant cancer
Early Stage cancers
Major Cancer
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 (STDs) like AIDS or HIV
Any congenital conditions
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)
The policy shall terminate and no benefit shall be payable under the policy if the diagnosis or signs or symptoms (related to the diagnosed cancer) first occurred during the waiting period.
Source: hdfclife.com/health-insurance-plans/cancer-care-insurance
| Parameters | Minimum | Maximum |
|---|---|---|
| Entry Age | 5 years | 65 years |
| Maturity Age | 15 years | 85 years |
| Sum Insured | 10 lakh | 50 lakh | Policy Term | 10 years | 85 years - Entry Age |
| Premium Paying Frequency | Annual, Half-yearly, Quarterly & Monthly | Annual, Half-yearly, Quarterly & Monthly |
You can choose to pay your premiums either annually, half-yearly, quarterly or monthly* frequency of premium payment.
*Subject to our prevailing operational rules, it may be required for Monthly Frequency of Premium Payment to be taken with ECS/SI and to pay first 3 months premium in advance.
Online Renewal Process:
Visit the official website of HDFC Life Insurance and login with your Customer ID and Password
Choose the policy that you want to renew, and then click on ‘Pay Renewal Premium Now’
Choose your preferred payment method from the available options – Debit Card, Credit Card and NEFT
Authenticate and confirm your payment details
Save a copy or take a printout for future reference, if required
Proof of Identity (PoI)
Proof of Address (PoA)
Passport size photographs
Fill up the Claims Form with accurate details
Attach the essential documents – medical receipts, bills and reports, etc. along with the Claims Form
Submit the documents at any branch of HDFC Life Cancer Care, or courier it to their office at their corporate headquarter
HDFC Standard Life Insurance Company Ltd., Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai - 400011, Maharashtra, India
“The Waiver of Premium benefit that HDFC Life Cancer Care Policy offered me for the next three policy years on early diagnosis of cancer was very helpful. It gave me the much needed financial assistance that I required due to the ongoing treatment.” – Nita Kulkarni
“Being diagnosed of cancer in advanced stages came as a shock. Thankfully, the Income Benefit feature served as a reliable source of income, while the health insurance financed by treatment. I have no idea what I would have done had I not opted for HDFC Life Cancer Care Plan.” – Ravi Singh
“I am quite impressed by the features and benefits offered by HDFC Life Cancer Care Plan. Not just that, their efficient claims team ensured speedy services during claim settlement. Good job team.” – Navin Mohanty
Do I need the HDFC Life Cancer Care Policy?
Yes., since Cancer can affect anyone, anytime and if diagnosed, cancer treatment can be expensive. If you have HDFC Life Cancer Care Policy, you would be financially protected.
How Does HDFC Life Cancer Care work?
HDFC Life Cancer Care Policy offers payouts, not only on diagnosis of major stage of cancer, but also on early stage of cancer. The benefits that the insured will be eligible for is determined on the stage of cancer at the time of diagnosis and the type of plan chosen by you. On being diagnosed of cancer, the insured or any of his/her relatives have to get in touch with the insurance company to make a claim against the HDFC Life Cancer Care Policy. The Claim Form, along with documents as proof of medical treatments like bills, receipts, diagnostic test reports, etc. have to be submitted to the insurer to initiate the claim settlement process.
