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LIC Cancer Cover (Plan 905)

LIC Cancer Cover  (Plan 905)

Life Insurance of India is launching  health insurance plan called

LIC Cancer Cover (Plan 905) on 14/11/2017. This is such second health insurance product launched by LIC.


Lic Cancer Cover Plan-905

LIC also offering one health insurance plan payouts for treatment of cancer. In case the customer is diagnosed with cancer, this plan will offer benefits irrespective of the costs incurred in the treatment. LIC Cancer Cover provides protection in case of Early Stage Cancer and Major Stage Cancer


This is a non-linked, regular premium payment health insurance plan which provides fixed benefit in case the Life Assured is diagnosed with any of the specified stages of Cancer during the policy term (subject to certain terms and conditions).


Eligibility for LIC Cancer Cover (Plan 905)

Lic Cancer Cover Eligibility

Feature Minimum Maximum
Entry Age 20 years 65 years
Policy Term 10 years 30 years
Cover Ceasing Age 50 years 75 years
Basic Sum Assured Rs.10,00,000 Rs.50,00,000

Policy Term is 10 to 30 years period.

Basic Sum Assured is between Rs 10 Lakhs To Rs 50 Lakhs.

Care Ceasing age is 50 yers to 75 years of age.

2 Sum Assured plans   {Level-1 and Level-2}

This comes with several benefits like Lump sum Benefit, Premium waiver benefit income benefits etc.

Free look period of 15 days if policyholder is not satisfied with T&C of the policy.

1 month Grace period available in this plane.

No loan facility available

No paid u value

No surrender value.

Policy will lapse if premium not paid within 2 years

The maximum coverage is Rs.50,00,000 only.

The maximum entry age is 65 years. You can buy this plan ONLINE.

Policy can be assigned under as per Sec 38 of Insurance Act 1983.

Lic Cancer Cover Benefits

Options in LIC Cancer Cover (Plan 905)

Option 1

Level Sum Insured

The Basic Sum Insured shall remain unchanged throughout the policy term. So if you choose a cover of Rs. 10 lakhs, it stays that way throughout the policy term.


Option 2

 Increasing Sum Insured:

The amount of cover increases by 10% of Basic Sum Insured every year for the first five years. In case the policyholder is diagnosed with cancer this increase will stop even within the first 5 years. So if you take a 10 lakhs cover, it will keep increasing by Rs. 1 lakh every year for 5 years

The benefits payable under the plan shall be based on the Applicable Sum Insured, where the Applicable Sum Insured shall be equal to

Lic Cancer Cover (905) Benefits

  1. Early Stage Cancer

Benefits payable on first diagnosis of any one of the specified Early Stage

Cancers, provided the same is admissible are –

1, Lump sum benefit: 25% of Applicable Sum Insured shall be payable

2, Premium Waiver Benefit: Premiums for next three policy years or balance policy term

whichever is lower, shall be waived from the policy anniversary coinciding or following

the date of diagnosis.

Early Stage Cancers covered 

The diagnosis of any of the listed below conditions must be established by histological evidence and be confirmed by a specialist in the relevant field.


Carcinoma-in-situ means the presence of malignant cancer cells that remain within the

cell group from which they arose. It must involve the full thickness of the epithelium but

does not cross basement membranes and it does not invade the surrounding tissue or

organ. The diagnosis of which must be positively established by microscopic

examination of fixed tissues.

 Prostate Cancer – early stage:

Early Prostate Cancer that is histologically described using the TNM classification as

T1N0M0 with a Gleason Score 2 (two) to 6(six).

Thyroid Cancer – early stage:

All thyroid cancers that are less than 2.0 cm and histologically classified as T1N0M0


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