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LIC Cancer Cover Plan - Table No. 905This is a fixed benefit health plan offering 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 and Major Stage Cancer.LIC Cancer Cover Plan is a regular premium plan in which premiums can be paid Yearly or Half yearly for a policy term ranging from 10 to 30 years.

The policy can be purchased offline as well as online.LIC Cancer Cover Plan OptionsLIC Cancer Cover offers 2 plan options. The benefits will vary accordingly.Option I - 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 II - 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.

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1 lakh every year for 5 years (so it can go to a maximum of Rs. In case you are diagnosed with cancer after the increased cover has reached Rs. 13 lakhs, it would not increase in the next 2 years.The benefits payable under the plan shall be based on the Applicable Sum Insured, where the Applicable Sum Insured shall be equal to-. Option I - Basic Sum Insured for policies taken. Option II - Basic Sum Insured during first year and increased sum insured thereafterLIC Cancer Cover Policy BenefitsThe benefits are dependent of the stage of cancer which you have been detected with.