Cancer is one of the rapidly growing diseases in the world. A single case of cancer can ruin the comfort and financial situation of the entire family. To deal with the huge expenses against the required cancer treatment, one needs to put all his/her savings or borrow funds from others. In such a case, you can protect yourself from ruining your savings and can get adequate treatment with ICICI Cancer Insurance by ICICI Prudential Life Insurance Company.
ICICI Prudential Life Insurance is one of the finest insurers which comes out strongly to protect you and your family against cancer. ICICI Cancer Insurance is a single platform where you can get the required financial assistance to deal with the heavy costs of treatment.
|Entry age||Minimum: 18 years|
Maximum: 65 years
|Premium payment option||Single Pay, Regular Pay|
|Maximum maturity age||Minimum: 23 years|
Maximum: 75 years
|Premium payment modes||Single, yearly, half-yearly and monthly|
|Minimum Sum Assured||2 lakh|
|Maximum Sum Assured||Cancer cover: 50 lakh|
Heart cover: 25 lakh
|Minimum Sum Assured||2 lakh|
|Premium payment term||Single Pay: Single|
Regular Pay: Same as Policy Term
When it comes to the treatment of cancer, the cost is huge. To counter the same, you must make an investment in ICICI cancer insurance Plan. ICICI Pru Heart/Cancer Protect is a renowned health insurance product by ICICI Prudential Life Insurance which provides the required cover against particular diseases which includes cancer and heart ailments. The best thing about this plan is that it provides the needful claim amount irrespective of the actual costs associated with the treatment. It is a better product as compared to other critical illness plans. Its other features/benefits are stated below:-
ICICI Heart/Cancer Protect offers high insurance cover at relatively low premiums. It is designed to be affordable for people.
ICICI Pru Cancer Insurance offers a free look period of 15 days that allows you to cancel the contract if you are not happy with it.
The plan allows you to deal with the growing medical costs. It increases the sum assured by 10% every year.
The plan will offer discounts on choosing a family health insurance plan. With ICICI Pru cancer & heart plan, you will be liable to receive a 5% discount on the combined premium for the first year if you insure your spouse as well.
It allows you to revive the policy within 2 years from the first date of unpaid premium. It depends on the underwriting terms. At the time of revival, you need to pay arrears along with interests.
You will get the financial advisor that will help you to understand the pros and cons of the plan. He/she will also guide you throughout the claim process.
Unlike any other insurance plan, ICICI Heart/Cancer Protect provides the required coverage on the first diagnosis of the disease. It does not matter how much the treatment costs, the plan will always be there to support you. It covers all stages of the disease.
If you are insured under this plan, you don't have to search for network hospitals. You can easily avail the required treatment at any hospital of your choice as soon as the diagnosis is made. You don't have to look for the network hospitals to get the required cover.
In the case where you are diagnosed with minor conditions or are permanently disabled, the plan will keep paying for the rest of the premiums. It allows you to get the entire cover at no cost or zero premiums.
The plan allows you to save taxes under Section 80D.
There are two forms of cover under this- cancer cover and heart cover.
|Minor cover||Major conditions|
|Early-stage cancer||Cancer of specified severity|
|Carcinoma-in-Situ of any organ (except skin)|
|Minor Conditions||Major Conditions|
|Balloon Valvotomy or Valvuloplasty||First Heart Attack of Specified Severity (Myocardial Infarction)|
|Carotid Artery Surgery||Heart Transplant|
|Implantable Cardioverter Defibrillator||Major Surgery of aorta|
|Implantation of Pacemaker of Heart||Open Chest CABG|
|Infective Endocarditis||Open Heart Replacement or Repair of Heart Valve|
|Minimally Invasive Surgery of aorta||Primary (Idiopathic) Pulmonary Hypertension|
|Surgery for Cardiac Arrhythmia|
|Minimally Invasive Surgery of aorta|
|Surgery to Place Ventricular Assist Devices or Total Artificial Hearts|
Apart from the basic features of the plan, you are liable to receive additional benefits under the same. Below is the list of such additional benefits.
ICICI Pru Heart/Cancer Protect allows you to enhance the basic covers by opting for additional covers. Below is the list of additional coverage that you can add for additional benefits at nominal costs.
With the 97% claim settlement ratio, the company is one of the best players in the industry which pays the entire claim amount. For the same, you have to submit the required medical records. The company ensures to fulfil all promises made to their customers and secure the future of its customers quickly and efficiently.
The company provides a 3 step claim process-
ICICI Pru Heart/Cancer Protect will provide the needful cover against the diagnosis of a specific disease. Hence, you don't have to pay for the same from your own pocket. You need to submit medical records and bills of diagnosis/doctor's certificate at the company's claim centres.
ICICI Pru Heart/Cancer Protect is an effective plan that pays out on every stage. In such a case, the plan is liable to pay for the rest of the cover amount for treatment and recovery.
The policy is liable to offer the required coverage to both major and minor conditions of heart diseases and cancer.
Yes, you can easily cover your spouse under the same policy. By insuring your partner, you will become liable to avail a 5% discount on the first year's premium. Also, it will be different from the family floater plan. It would cover both people independently with the option to select different sum assured
ICICI Pru Heart/Cancer Protect pays out a lump sum amount on a diagnosis. It doesn't matter where the treatment takes place. The policyholder is liable to use the amount to get the needful treatment at the hospital of your choice.
Last updated on 19-05-2020