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.
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
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
There are more than 100 types of Cancers. iCancer Insurance plan covers you from all types of Cancer (except skin). Moreover, multiple unrelated cancers can be claimed (subject to underwriting decision).
If the life assured is diagnosed with Cancer, a percentage of the Sum Assured, subject to applicable limits, will be payable at every stage.
At the Critical Stage of Cancer, the benefit payment will be 150% of the policy sum assured minus any previously paid claims under the policy.
The Cancer benefit has three stages of severity. In the minor stage 25% of SA minus any previous claims (max Rs. 5Lakh) is payable, in the major stage 100% of SA minus any previously paid claim is payable and in Critical stage 150% of SA minus any previous claims is payable.
Once a claim under the Major Stage Cancer Benefit is approved, all future premium payments for the policy will be waived for the rest of the policy term but coverage under the policy will continue until the policy terminates
The premiums paid and benefits received are eligible for tax benefits under Section 80D of the Income Tax Act, 1961. The tax benefits are subject to change as per change in Tax laws from time to time. Please consult your tax advisor for further details.
Minimum: 18 years last birthday
Maximum: 65 years last birthday
Maximum: 70 years last birthday
Minimum - Rs 10,00,000
Maximum - Rs 50,00,000
Minimum: 5 years
Maximum: 70 years minus entry age
Equal to the Policy Term
Annual or Monthly
* Monthly Premium = Annual Premium x 0.087
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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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.;
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.
No, there is no survival period under this plan.
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.
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.
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.
Please refer to Sales Brochure for details.
Yes, NRI’s can take this policy. Please call our Help Line number 1800-209-9090 for more details.
No, it’s an individual insurance plan.
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.
Yes, if the non-working spouse or housewife is graduate, he/she can take this policy.
Annual & Monthly Frequency available with this plan.
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.
In case the premiums are not paid within the Grace period, the policy will lapse and no benefits are payable.
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.
No the sum assured cannot be change during the policy term.
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.
No, you are not eligible for the plan if you have pre-existing Cancer.
Yes, you can opt for the plan however final decision would subject to underwriting
Yes, you can take this plan if you consume tobacco, beedi, cigarette or gutka.
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.
ALI pays for the medical exam to the medical service provider. There is no cost to you.
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.
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
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.
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.
Yes. Copy of the test results will be made available to you along with the policy document.
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.
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 email@example.com
Yes, 2 different claims for un-related organs can be claimed under the minor stage of this plan.
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.
The quote number for which you have made the payment is your Policy number.
You can submit the past medical reports however post reviewing the same we will confirm whether we can consider the same or not.
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 firstname.lastname@example.org with the details.
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
You have the option of either uploading your documents on the website or sending it via courier to us.
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.
You can contact us on our toll free no 1800-209-9090 or you can write to us at email@example.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