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Future Generali Cancer Protect Plan

Cancer Insurance
  • Get Plans that cover early and later stages of cancer
  • Receive premium discounts with higher sum assured
  • Get tax benefit under Section80D

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.

Eligibility – Who is the Future Generali Cancer Protect Plan for?

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 and Premium Range – What you get and what it costs?

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)
  • For the Major lives – 10 years, 15 years, 20 years and 80 years minus the entry age.
  • For the Minor lives – 10 years or 18 minus entry age, whichever is more.
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.

Plan Coverage – What the Future Generali Cancer Protect Plan covers?

Minor Stage Cancer Minor Stage Cancer includes the following things:
  • Early Stage Cancer
  • CIS or Carcinoma In Situ of all the organs except prostate and skin
Early Stage Cancer suggests the presence of at least one of the malignant conditions provided below:
  • Chronic lymphatic leukaemia.
  • Squamous skin cancer spread across organs.
  • Thyroid tumour that are histologically classified by TNM classification as T1N0M0
  • Prostate tumour must be described as T1c, T1b or T1a
  • All urinary bladder tumours classified as T1N0M0…
  • Stage I Hodgkin’s Lymphoma.
Carcinoma In Situ of all the organs other than prostate and skin:
  • CIS or Carcinoma In Situ suggests that there is growth in carcinomatous cells.
  • The diagnosis of this disease should be supported by histopathological report.
  • Moreover, diagnosis of the Carcinoma In Situ should be on the basis of microscopic exam of the fixed tissue. This must be supported by biopsy report.
  • If there is cervix uteri, the Pap smear only is not accepted. It must be accompanied by colposcopy or cone biopsy with cervical biopsy report indicating CIS presence.
  • Clinical diagnosis of CIN or Cervical Intraepithelial Neoplasia that reports CIN 1, 2 or 3 is excluded and does not meet the definition that is required.
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.

Exclusions – What the Future Generali Cancer Protect Plan does not cover?

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):

  • HIV, AIDS or Sexually Transmitted Diseases.
  • Pre-existing conditions.
  • Congenital conditions.
  • Intoxication by narcotics or alcohol or drugs that has not be prescribed by any registered medical practitioner.
  • NBC or Nuclear, biological or chemical combination.

The following diseases are excluded under the major stage cancer:

  • Tumours that show malignant changes of CIS or Carcinoma In Situ and the tumours that are histologically defined as non-invasive or premalignant. These include cervical dysplasia, CIS of breasts, etc.
  • Skin cancer except invasive malignant melanoma.
  • All prostate tumours unless classified histologically as having Gleason score more than 6 or progressed to clinical TNM.
  • Chronic lymphocytic leukaemia that is lower than the RAI stage 3.
  • Thyroid’s papillary micro-carcinoma.
  • Micro-carcinoma of bladder.
  • All tumours that are affected by HIV infection.

Other Key Features - Freelook Period, Surrender Values, Grace Period etc.

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:
Policy year of the surrender Surrender Value Factor guaranteed as premium percentage
1 56
2 42
3 28
4 14
5 0
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.

Tax Benefits – How you can save with the Future Generali Cancer Protect Plan?

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.

Why you should buy the Future Generali Cancer Protect Plan from Future Generali?

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.