The plan has many features that make the plan distinct, lets us have a look at the feature one by one:
The insured individual has to fulfil the following criteria in order to buy the plan:
Age At Entry |
Min:18 Yrs |
Max: 65 Yrs |
---|---|---|
Maximum Age At Maturity | 75 Years | - |
Basic Sum Assured (In Multiplies of Rs 1,00,000) | Min:10,00,000 | Max: 50,00,000 |
Policy Terms | Min: 5 Yrs | Max 30 Yrs |
Premium Paying Term | Same As the Policy Term | - |
Premium Frequency Loading | Half Yearly/ Quarterly/Monthly | - |
Read more specifications in the brochure.
The plan offers various benefits, the following table will give a glance at all the benefits of different plan options.
Events |
Payouts |
Standard |
Classic |
Enhanced |
---|---|---|---|---|
On Diagnosis of Minor Stage (Carcinoma In Situ(CSI)) | Lump sum benefit=30% of the Sum Assured only one CIS claim is allowed | Available | Available | Available |
On Diagnosis of Minor Stage (Early Stage Cancer) | Lump sum Benefit=30% of the Sum Assured only one Early Stage of Cancer claim is allowed | Available | Available | Available |
Major Stage Cancer | Sum Assured minus (-) Claim already paid=Benefits Payout Customers have the choice of availing the benefits payout in the following two ways: Customers may take out the entire payout in lump sump amounts or Customers may take 40% of the Sum Assured chosen at inception on a monthly basis for a period of 3 years and the balance if any as a lump sum payout. *This works out to 1.2 % of SA on a monthly basis. This payout will continue even after Life Assured's death or on termination of policy. |
Available | Available | Available |
Advanced Stage Cancer (Additional Sum Assured) | 150% of Sum Assured - (Previous Claims + Benefits Payout of Major Stage)=Lump sum Benefit Payout | Not Available | Available | Available |
Sum Assured Reset Benefit | - | Not Available | Not Available | Available |
Premium Waiver Benefit | - | 5 years on diagnosis of Minor Stage cancer | Full Outstanding policy terms on the diagnosis of Minor or Major Stage Cancer | Full Outstanding policy terms on the diagnosis of Minor and Major Stage Cancer |
In the Standard Benefits Structure, the policyholder receives a payout based on their cancer diagnosis stages:
The Classic Benefits Structure includes coverage for minor-stage cancer, and a unique sum assured reset benefit. Here's how it works:
This benefit structure covers all the stages with escalated rewards at each tier:
It is important to note the plan's exclusions, in order to avoid any future discrepancies. Here are the exclusions :
SBI 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.