iCancer Insurance Plan

If you want to secure yourself and your family against the expenses that come along with the incidence of cancer, this plan is for you.

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Why Buy This Plan

If you want to secure yourself and your family against the expenses that come along with the incidence of cancer, this plan is for you. The Aegon Life’s iCancer Insurance Plan covers all forms of cancer, excluding only skin cancer, and it gives pay-outs at all stages. Plus, you can avoid the hassle of going through the tedious paper work and do it online.

You should purchase this plan if you:

  • Are the sole or major earning member in your family
  • Want to safeguard your assets and savings that may get eroded during treatment

Let's understand the plan with an example

Let's understand the plan with an example: 

Mahesh (age 30 years) is a Doctor by profession. His wife is a homemaker and they have a son Amar who is 4 years old. Mahesh is attuned to the idea that cancer can happen to anyone regardless of what kind of lifestyle they lead. Hence he wants to safeguard his savings. To ensure that in case he is diagnosed with cancer, his family is not burdened with the huge treatment cost, he opts for Aegon Life’s iCancer Insurance Plan.

His plan details are as follows:

Policy term of 40 years, Sum Assured of Rs. 20,00,000 and Annual Premium of Rs. 5,300/- (excluding taxes).

Total benefit paid = Rs. 30 Lakhs (150% of Sum Assured) = Rs. 5 Lakhs at Minor Stage + Rs. 15 Lakhs at Major Stage + Rs. 10 Lakhs at Critical Stage

Total benefit paid = Rs. 30 Lakhs (150% of Sum Assured) = Rs. 20 Lakhs at Major Stage + Rs. 10 Lakhs at Critical Stage



How can you buy this plan?

How can you buy this plan?: 

Step 1: Choose the cover amount and period of cover.

Step 2: Based on that, the premium amount will be decided.

Step 3: Pay online using either your debit / credit card or your internet banking account.

Step 4: Expect a verification call from Aegon Life’s call centre, once you apply for the policy.

Once the payment is made your policy shall be issued within 10-14 working days.

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I already have a mediclaim, why do I need a separate cancer plan?

The medical expenses incurred for cancer treatment may be very high, depending on the stage. Mediclaim coverage may not be sufficient to cover the treatment expenses for Cancer and mediclaim policies offers only pre and post hospitalization expenses basis the bill amount.;


How different is this plan from regular mediclaim policies?

This is a fixed benefit plan and offers lump sum pay-out at pre-defined stages. Whereas in Mediclaim plans the benefit pay-outs depends upon the expenditure incurred in hospital.


Is there any survival period in this plan?

No, there is no survival period under this plan.


What if I missed my premium due date?

You have a period of 15 days as grace period from the premium due date for monthly mode and 30 days grace period from the premium due date for annual mode, to pay the premium. If a due premium is not received within the grace period, your policy will lapse and the insurance cover will cease.

What if I am not happy with the plan?

If you are not satisfied with any of the terms and conditions of the Policy, you may return the Policy document along with a letter stating the reason for dissatisfaction within 30 days of receipt of the Policy document. Upon return of this Policy by You, this Policy will terminate and all rights, benefits and interests under this Policy shall stand extinguished.


Will the premium remain same for the entire term?

Premiums are guaranteed for a period of 5 years. After every 5 Policy years, reviews will be carried out to determine whether the applicable premium will remain same or will change at the end of the guaranteed period. Premium revision will be applicable on approval from IRDAI. We will inform you about premium revision, if any at least 30 days in advance.

What the list of exclusions in the policy?

Please refer to Sales Brochure for details.

Can an NRI apply for the policy?

Yes, NRI’s can take this policy. Please call our Help Line number 1800-209-9090 for more details.

Can husband and wife apply jointly on the policy?

No, it’s an individual insurance plan. 

Who can be the nominees in the policy?

As per Sec 39 nominee can be any person nominated by the policyholder. Preferably nominees are the immediate family members (Spouse, children, father and mother). Other person can be nominated mentioning the relation & reason.

Can a non-working spouse or housewife apply for the policy?

Yes, if the non-working spouse or housewife is graduate, he/she can take this policy.

Can I pay the premium on monthly or half yearly or quarterly basis?

Annual & Monthly Frequency available with this plan.

Are pre-existing illness covered in this policy?

Pre-Existing Disease is defined as Any condition, ailment or injury or related condition(s) for which you had signs or symptoms, and / or were diagnosed, and / or received medical advice / treatment within 48 months to prior to the first policy issued by the insurer.

What if I stop paying Premiums?

In case the premiums are not paid within the Grace period, the policy will lapse and no benefits are payable.

How can I revive my Policy?

The Policyholder can apply for reinstatement of the lapsed policy within two years from the due date of the first unpaid premium. In case of reinstatement, the policyholder will need to pay all unpaid premium plus interest.

Can I increase the Sum Assured at a later stage?

No the sum assured cannot be change during the policy term.

How soon does a claim get settled?

Our objective is to settle claims as early as possible and you would be glad to know that after receiving the necessary documents we take not more than 6 working days to settle a claim.

Can I opt for this plan if I have pre-existing cancer?

No, you are not eligible for the plan if you have pre-existing Cancer.

Can I opt for this plan if my parents have Cancer?

Yes, you can opt for the plan however final decision would subject to underwriting

Can I opt for this plan if I consume tobacco?

Yes, you can take this plan if you consume tobacco, beedi, cigarette or gutka.

Who performs the medical exam?

A licensed paramedical examiner (such as a nurse, lab technician etc) or a medical examiner (MBBS, MD etc) will typically conduct the exam. These paramedical/ medical examiners work independently and are not direct employees of ALI. However, they are associated with a particular diagnostic center and must always display their identity card (of their association with the lab/ diagnostic center). As a part of the identification process and for security reasons, please insist on seeing the identity card of the person visiting/ performing the medical examination in a home facility. Should the examiner refuse to show the ID card; you reserve the right to refuse the medical examination.

How much does the medical exam cost and who pays for it?

ALI pays for the medical exam to the medical service provider. There is no cost to you.

What is included in the medical exam and how long will it take?

ALI pays for the medical exam to the medical service provider. There is no cost to you.

a) Basic physical exam (height, weight, blood pressure, pulse) is conducted

b) Urine specimen may be collected on some occasions

c) Blood samples may also be taken

d) Some cases may also require ECGs and/or Treadmill ECGs (stress tests)

The exam is usually completed within 30 minutes.

What kind of medical history will be asked?

The examiner will ask questions regarding medical conditions, surgeries, medications, or other treatments you may have had. The examiner will also ask the names and addresses of physicians and/or hospitals that have treated you (if applicable). You may wish to have this information handy to save time during the exam

What happens with my medical exam information?

All information obtained during the medical exam is strictly confidential and is sent directly to the Company for the purpose of risk assessment. Assessment is done by trained professionals at Aegon Life office.

Where and when will the life insurance medical exam take place?

One of the life insurance company's authorized representatives will call you to schedule an appointment. The medical will be conducted by an approved paramedical / medical examiner. You may additionally receive a call from such examiner/ diagnostic center to confirm the appointment and also to brief you on the examination process. To meet your needs, the medical exam may be performed at your home, office, or at the diagnostic center. The authorized representative will inform you of the examination location in advance.

Will I get a copy of the test results?

Yes. Copy of the test results will be made available to you along with the policy document.

How to prepare for your medical exam?

To obtain the best possible results from your life insurance medical exam, we suggest that you follow these basic steps:

a) Have your photo identification available

b) Please wear a short-sleeved garment or one with sleeves that easily roll up

c) Try to fast for at least eight hours before your exam (12 hours is preferred). You may drink water

d) The best time to do your exam is in the morning.

e) Drink a glass of water an hour or so before the exam to facilitate obtaining a urine specimen

f) Avoid coffee, soda, tea or other products with caffeine for several hours before the exam

g) Avoid smoking or chewing tobacco for at least one hour prior to your scheduled appointment

h) Avoid alcoholic beverages for at least 24 hours prior to the exam

i) Avoid nasal decongestants

j) If you require a large blood pressure cuff, let the examiner know prior to the appointment

k) Get a good night's rest before the medical exam

l) Schedule the appointment for the least stressful time of the day

m) Do not engage in strenuous exercise for 24 hours before the exam

n) Prepare in advance for questions regarding medical conditions, surgeries, medications, or other treatments you may have had. The examiner will also ask you for the names and addresses of physicians and/or hospitals that have treated you.

What is the protocol that the medical examiner is expected to follow for drawing blood samples?

The medical/ paramedical examiner has to follow the following basic protocol.

a) Use a pair of sterile gloves per procedure or patient

b) Use a single-use device (a needle and syringe is a single unit/ Vacutainer for blood sampling and drawing

c) Discard the needle and syringe immediately into a container. Physical destruction of the needle and syringe will be done at the diagnostic center as per “bio-medical waste” guidelines

d) Disinfect the skin at the venepuncture site

e) Place laboratory sample tubes in a sturdy rack before injecting into the rubber stopper Should you notice any deviation to this protocol, you reserve the right to refuse to undergo the medical examination.

You are requested to report any such practice observed by writing to customer.care@aegonlife.com

Can 2 different claims under the minor stage would be admissible?

Yes, 2 different claims for un-related organs can be claimed under the minor stage of this plan.

What is the waiting period for one to get the claim?

There is an initial waiting period of 180 days from the date of commencement of the Policy or from the date of reinstatement of the Policy for the diagnosis of cancer & valid claim to be admissible under this Policy.

What is my Policy Number?

The quote number for which you have made the payment is your Policy number.

Can I submit my past medical reports?

You can submit the past medical reports however post reviewing the same we will confirm whether we can consider the same or not.


If I wish to include critical information about my lifestyle/family history/past medical history which I had missed updating while purchasing the plan. How do I add them on the proposal form?

We request you to be careful while filling the proposal form as this information is very critical for Risk assessment & decision on the policy. However if you miss out any information, please write to customer.care@aegonlife.com with the details.

How do I opt for ECS facility for Renewal premium payments?

You can courier an original copy of the cancelled cheque along with the original ECS MANDATE FORM, which is available on the website to Aegon Life Insurance, Building no.3, Third floor, Unit no.1, Nesco IT Park, Western Express Highway, Goregaon (East), Mumbai 400 063

Once I have uploaded my documents on the website, do I also need to courier the same?

You have the option of either uploading your documents on the website or sending it via courier to us.

Will I get any intimation for my renewal payments?

28 days prior to the Premium due date we will post the renewal letter to you. 7 days prior to the Premium due date, an email notification will also be sent to the registered Email id. Along with this you will also receive a SMS & call from Aegon Life.

I have received my policy document. For further assistance please let me know whom do I contact?

You can contact us on our toll free no 1800-209-9090 or you can write to us at customer.care@aegonlife.com


Product Name: Aegon Life iCancer Insurance Plan UIN 138N053V01

This is a Non-linked Non-Participating Insurance Plan

Insurance is the subject matter of the solicitation.

For more details on terms and conditions, please read the sales brochure carefully before concluding a sale

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