Buy Policy in just 2 mins
2 lakh + Happy Customers
Free Comparison
In an unpredictable world safeguarding yourself and your family's future against any serious disease or forbidden threat of critical illness, such as cancer is of utmost importance. Introducing SBI Life Sampoorna Cancer Suraksha a term insurance plan diligently designed to offer you and your loved ones financial security and peace of mind during difficult times. This term insurance plan is not just another cancer policy, it shields you against various stages of cancer diagnosis, including Carcinoma in Situ (CIS), Early Stage Cancer, Major-Stage Cancer, and even formidable advanced-stage cancer. Let's embark on a journey of this insurance policy that promises to safeguard your well-being and your family's future.
To get a better understanding of this plan, let's study more about its benefits, and eligibility criteria in detail.
SBI Life Sampoorna Cancer Suraksha Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 75 years
Minimum term - 5 years Maximum term - 30 years
Basic Sum Assured: ₹10L to ₹50L
The policy loan is not available under SBI Life Sampoorna Cancer Suraksha Plan.
Half Yearly, Quarterly, and Monthly
Let's understand how the SBI Life Cancer Sampoorna Suraksha Plan works with a simple premium illustration.
Mr Anuv, aged 25 years, is looking for a protection plan that offers cancer coverage because his family has a family medical history of cancer.
His financial advisor advised him to buy the SBI Life Cancer Sampoorna Suraksha Plan Work. He visited PolicyX.com.
Let's understand how the SBI Life Cancer Sampoorna Suraksha Plan works for him with an example.
Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
25 years | ₹1,218/month | ₹14,616/year | 30 years | ₹4,38,480 | ₹50 Lakhs |
Key Takeaways: If he is diagnosed with minor cancer, he'll receive a lump sum payout of 30% of the sum assured amount. All his future premiums till the end of the policy term will be waived, and the policy will continue till the policy term. On diagnosis of any major stage cancer, he'll receive a lump sum payout of the balance of 100% of the sum assured amount.
Here are the benefits associated with the SBI Life Sampoorna Suraksha Plan
30% of the sum assured is paid, and the policyholder can claim CIS and Early Stage Cancer Benefit during the policy term, up to a maximum of 60% of the sum assured. Future premiums are waived.
The remaining 100% of the sum assured is payable after deducting any benefits paid earlier for Minor stage cancer. Future premiums are waived. The policyholder can choose a monthly income benefit for 3 years.
150% of the sum assured is payable and if any benefits are paid earlier it is deducted.
The insured can restore the sum assured after 3 years from a valid minor and major cancer claim, provided no further cancer diagnosis occurs during this period. This benefit is available once during the policy term and is applicable after the advanced-stage cancer claim.
Discount on large Sum Assured are available as discounts on the tabular premium based on the different slabs.
You can add the following riders to your SBI Life Cancer Sampoorna Suraksha Plan:
Accidental Death Benefits Riders provide an additional sum if the policyholder dies within 120 days of the accident.
Accidental Total and Permanent Disability Rider covers the policyholder if any accident occurs that leads to the permanent disability of the policyholder.
Depending on the benefits structure chosen, you can receive up to 150% of the sum-assured payouts. This provides financial support at different stages of cancer diagnosis.
After 3 years of any major, minor or advanced cancer claim, within the policy term and subject to no further diagnosis of any stage of cancer using the same period, the full sum assured will be restored.
Cancer is a malicious disease, that can turn the life of an individual upside down if diagnosed. So it is very important to take a second medical advice in order to be double sure, before going for any further medical procedure.
With this plan, policyholders can avail the tax benefit on the premium amount as per the prevailing rules under the Income Tax Act of 1961.
Here is the list of exclusions associated with the plan:
SBI Life Cancer Sampoorna Suraksha is a comprehensive plan designed to offer financial security against various stages of cancer. With stages of lump-sum payouts and additional benefits, it provides essential coverage for policyholders at their families. If you want to know more about the plan or compare different plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269.
In an unpredictable world safeguarding yourself and your family's future against any serious disease or forbidden threat of critical illness, such as ...
Unique Features
SBI Life Arogya Shield is a health-plus life combination plan from SBI General Insurance and SBI Life Insurance that offers health and pure term life ...
Unique Features
Usually, a term plan provides financial security to your loved ones in return for the premium you have paid during the policy term. But once in a whil...
Unique Features
"A plan which returns all the paid premiums back upon completion of the policy term" Several term insurance plans provide insurance coverage for the p...
Unique Features
As we grow older our responsibilities grow. Are you worried that your term plan might not be enough as your life will move forward? Fret not! SBI Life...
Unique Features
We can never know about what the future holds for us. And when you've the responsibility of supporting the family on your shoulders, then it becomes v...
Unique Features
SBI Life eShield Next, launched by SBI Life is a new age term insurance plan that enables you to take care of your current requirements and your chang...
Unique Features
According to IRDAI, a medical examination test is necessary for purchasing any Yojana. However, sometimes, a delay in a report or minor health issues ...
Unique Features
SBI Life - Poorna Suraksha is an Individual, Non-Linked, Non-Participating Life Insurance, Pure Risk Premium Product with in-built Critical Illness co...
Unique Features
SBI Term Insurance company offers a comprehensive term insurance plan called SBI Life Smart Swadhan Plus policy, which aims at fulfilling the future f...
Unique Features
Security for your loved ones is available with the SBI Life Saral Jeevan Bima Plan at a reasonable cost. It is a straightforward policy that offers th...
Unique Features
SBI Saral Swadhan Plus is an individual, non-linked, non-participating, life insurance plan that gives you a fixed life cover throughout the policy te...
Unique Features
This plan covers various stages of cancer, including Carcinoma In Situ(CIS), Early Stage Cancer, major-stage cancer, and advanced-stage cancer.
Eligibility depends on your health condition, age, and pre-existing conditions that might affect the coverage.
The age of entry of this plan is between 18 -65 years
4.6
Rated by 857 customers
Select Your Rating
Let us know about your experience or any feedback that might help us serve you better in future.
Bindiya is a seasoned content writer specializing in keeping readers acquainted with the insurance industry, term insurance developments, and life insurance sector shifts. With an experience of 3 years in insurance, Bindiya ensures that her readers stay well informed with the insurance developments and factually correct information.
Do you have any thoughts you’d like to share?