The Future Generali Cancer Protect Plan offers great protection while fighting against cancer. There are various types of cancer that are being diagnosed on a daily basis. It has become pretty common now and the only way by which we can reduce the risks is being prepared for it. Medical science has advanced, you beating cancer has become easy now. The Future Generali Cancer Protect Plan takes care of the high treatment costs needed for cancer. You will not have to give up on any of your aspirations and dreams when you are covered under the Future Generali Cancer Protect Plan.
In order to be eligible for the Future Generali Cancer Protect Plan, an individual has to fulfil specific eligibility criteria with respect to his/her age and the sum of insurance he/she is looking for. These conditions are mentioned below:
|Parameters||Criteria for eligibility|
|Minimum age at entry for major lives||18 years|
|Maximum age at entry for major lives||65 years|
|Minimum age at entry for minor lives||1 year|
|Maximum age at entry for minor lives||17 years|
Sum Assured – It is the amount that is given to the family or nominee of the insured person in the vent of the unfortunate death of the insured, permanent disability or critical illness. The sum assured under the Future Generali Cancer Protect Plan for major lives are Rs.10 lakh, Rs.20 lakh, Rs.30 lakh and Rs.40 lakh. The sum assured under the Future Generali Cancer Protect Plan for minor lives is Rs.10 lakh.
|Sum Assured for Major lives||Rs.10 lakh, Rs.20 lakh, Rs.30 lakh, Rs.40 lakh|
|Sum Assured for Minor lives||Rs.10 lakh|
Premium – It is the amount that is paid by you at one go or regular intervals to keep the policy alive and active. Under Regular Premium payment mode, you can choose to pay the premiums monthly or annually. However, under the Single Premium payment mode, you can choose to pay the entire premium amount at one go. For Major lives, the policy payment frequency that you may choose under Regular Premium payment mode are 10 years, 15 years, 20 years and 80 years minus the entry age. In case of Minor lives, the premium payment frequency is 10 years or 18 minus entry age, whichever is more. The maximum coverage age stands at 80 years. In case of Single Premium payment mode, the policy term is 5 years.
|Policy term and premium payment frequency (Regular Premium payment mode)||
|Policy term and premium payment frequency (Single Premium payment mode)||5 years|
|Regular Premium payment mode||Monthly and annual.|
|Single Premium payment mode||One time only.|
Disclaimer - Premiums may vary depending upon factors like location, term of the plan, age, etc.
|Minor Stage Cancer||Minor Stage Cancer includes the following things:
|Major Stage Cancer||A malignant tumour that is characterised by uncontrolled growth and spread of the malignant cells with destruction and invasion of the normal tissues. This particular diagnosis should be backed up by the malignancy’s histological evidence. A pathologist must confirm it too. Lymphoma, Leukaemia and Sarcoma are included under Cancer.|
No benefit will be paid under the Future Generali Cancer Protect Plan for major cancer, early state cancer, Carcinoma In Situ or CIS, indirectly or directly resulting from or contributed or caused by the following (in part or whole):
The following diseases are excluded under the major stage cancer:
|Free look period||In case you do not like the terms and conditions of the Future Generali Cancer Protect Plan, you can return the policy within a period of 15 days. However, you must state your objections and the reasons for it. Free look period of 30 days can be availed in case of Distance Marketing.|
|Grace period||A grace period of 30 days can be availed by the insured for clearing the premium payment for yearly modes. In case of monthly premium payment mode, a grace period of 15 days can be availed by the insured individual.|
|Surrender Value||The policy gets a Surrender Value after the single premium payment is done. The policy can be terminated by the policyholder by surrendering the policy. In case of single premium option, the surrender benefit is same as the single premium and the extra premium for the substandard lives multiplied by the surrender value factor as mentioned below:
|Revival||Revival of the policy is allowed, in case it got lapsed. The revival of the policy must be done within a period of two years from the date of first unpaid premium.|
The premiums that you pay under the Future Generali Cancer Protect Plan are eligible for tax benefits under Section 80D. In case you wish to avail further details, you must consult any tax advisor. The benefits change if the tax laws change.
The Future Generali group is one of top insurance providers in India. The life insurance solutions offered by Future Generali come with great flexibility and customisation. The Future Generali Cancer Protect Plan offers great protection while fighting against cancer. There are various types of cancer that are being diagnosed on a daily basis. It has become pretty common now and the only way by which we can reduce the risks is being prepared for it. Medical science has advanced, you beating cancer has become easy now. The Future Generali Cancer Protect Plan takes care of the high treatment costs needed for cancer.
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