SBI Cancer Insurance

SBI Cancer Insurance

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SBI Cancer Insurance

It is a fact universally recognized that cancer is one of the most dreaded disorders among human beings. Apart from the fact that the disease may be life-threatening, a very startling aspect of it is that it might attack anyone anytime.

Although various causes of cancer have been highlighted in the public domain by medical experts to aware the common people, cancer, in essence, remains an elusive malady whose exact roots have still not been precisely discovered by experts. Therefore, it is utmost necessity to take precautionary measures to be able to palliate the disastrous effects of the disease to a minimum.

Why Is SBI Cancer Insurance Important?

As has been mentioned already, cancer is an unprecedented malady. Also, super-specialty cancer hospitals are very expensive when it comes to the diagnosis and the treatment of cancer. Cancer is an expensive malady which includes intricate medical equipment and also expensive medication. Therefore, it is of utmost urgency to secure cancer insurance as soon as possible.

SBI Cancer Insurance: Sampoorn Cancer Suraksha

As has been mentioned already, cancer is an unprecedented malady. Also, super-specialty cancer hospitals are very expensive when it comes to the diagnosis and the treatment of cancer. Cancer is an expensive malady which includes intricate medical equipment and also expensive medication. Therefore, it is of utmost urgency to secure cancer insurance as soon as possible.

  • The cancer insurance policy is available for any individual aged between six years and sixty-five years. The maximum maturity age is seventy-five years.

  • So far as the Sampoorn Cancer Suraksha policy is concerned, it is essentially a regular premium payment product with policy term ranging from five years to thirty years. The minimum assured sum is Rs. 10 lakhs and the maximum assured sum is Rs. 50 lakhs.

  • So far as other benefits of the Sampoorn Cancer Suraksha are concerned, it is useful to note that customers can avail 120% of the total sum assured. The concerned policyholders can also get a stage-wise lump sum payout benefit, 30% to 150% of the sum assured. This feature counts on the stage of the diagnosis during which it is chosen.

  • Apart from these, the concerned policyholders can also avail of 40% of the sum assured chosen at the outset as a monthly income benefit. The rest is shelled out a lump sum benefit in case of a claim under a major stage of cancer.

  • The cancer insurance plan also promises tax benefits under the norms of the Section 80D.

Other Important Features Of The Sampoorn Cancer Suraksha: In Detail

  • On testing of a minor stage of cancer, it is important to note that a lump sum advantage of thirty percent payable of the sum assured.

  • Another very important feature of the Sampoorn Cancer Suraksha is that it promises an extremely low premium. Monthly minimum premium is valued at only Rs. 50 or Rs. 600 on a yearly basis. The premium amounts are based on the sum assured coupled with the entry age.

  • All the three stages of cancer will be covered by the Sampoorn Cancer Suraksha. The stages include major, minor, and advance.

  • Apart from these features, Sampoorn Cancer Suraksha also gives the flexibility pay premium in four ways. Considering the fact that not every individual is facilitated to shell out the money in one go, SBI has made its premium policy more malleable for such people. There are four options to shell out the required amount of premium: monthly, half-yearly, quarterly and yearly. The concerned insurer can eye on any of the above options according to his or her preference. Also, he or she can opt to change the payment term anytime without being additionally charged.

  • A very interesting feature of the Sampoorn Cancer Suraksha is that the policy offers a 5% discount if it is bought online.

  • It is important to note that the SBI cancer insurance policy can be purchased by anyone aged between six years and sixty-five years. Also, the insurance policy matures when the concerned insurer is seventy-five years old.

  • It is worthy to be noted that the Sampoorn Cancer Suraksha does not require one to go through the medical test before buying the insurance policy. Generally speaking, there are sundry such policies in the market that require the insurer to first go through a preliminary medical test at a specified diagnostic center. The policy, according to the rules, would then be either terminated or considered depending on the results of the medical test. But the SBI insurance policy does not intend any of these. This ensures a process that is hassle-free so far as the insurer is concerned.

  • Another very helpful feature of the Sampoorn Cancer Suraksha is that anybody investing in it is eligible for tax benefits under the Section 80C of the Income Tax Act of India.

  • SBI life offers a medical opinion on cancer gratis. Generally speaking, second opinions disbursed by private doctors usually accompany a hefty fee. But Sampoorn Cancer Suraksha offers the second opinion on cancer and Carcinoma in Situ completely free. Additionally, the plan of the necessary treatment will also be suggested to the concerned policyholder by the recognized medical team. The concerned insured person will be benefited from useful opinions from some of the globe‚Äôs leading clinical centers.

  • There is something called the free look option offered by SBI. Generally speaking, there are times when the subtler nuances of the terms and conditions laid in the policy are missed out by the concerned policyholder. The overlooked features may surface some time in the future on brooding anew. So, SBI offers a period of 15 to 30 days during which the customer can return the policy if he or she is dissatisfied at some point. However, the reason for the return must be clearly specified.

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