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LIC Cancer Cover Policy
LIC Cancer Cover Plan is a regular premium payment plan in which premiums can be paid Yearly or Half yearly for a policy term ranging from 10 to 30 years.
| Eligibility Conditions & Restrictions | ||
|---|---|---|
| Minimum age | : | 20 years |
| Maximum age | : | 65 years |
| Policy Term | : | 10 years / 30 years |
| Premium paying term | : | 10 years / 30 years |
| Minimum Sum Assured | : | Rs.10,00,000 |
| Maximum Sum Assured | : | Rs.50,00,000 |
| Premium payment mode | : | Yearly / Half yearly / Quarterly |
| Loan | : | No loan facility will be allowed under this plan |
| Surrender | : | No surrender value will be available under this plan. |
| On Death | : | No maturity value will be available under this plan. |
| Income Tax Benefits | : | (i) Premiums paid are eligible for Tax rebate u/s 80c (ii) Maturity amount / Death claim is Non taxable u/s 10(10d) |
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