The ICICI Pru Heart / Cancer Protect Plan is a health insurance plan that provides financial assistance to the insured in case of heart ailments and cancer. It is designed specifically to cover heart ailments and cancer treatments, providing comfort and flexibility to allow a worry-free recuperation. The plan’s premiums stay fixed throughout the term of the policy and can be bought until the age of 75 years.
Let’s understand this plan in brief before getting into its details:
Modes of Payment |
Yearly Monthly |
Claim Settlement Ratio of the Insurer |
96.2% |
USPs of the Policy |
|
Bonus Rate |
- |
Illustration |
If a 40-year-old non-smoking individual opts for an INR 15 lakhs cover for cancer and INR 15 lakhs cover for heart ailments, both for a 20-year period, the individual’s yearly premium will be INR 10,386. An INR 30 lakhs cover for only cancer will cost INR 5,298 for a year. An INR 25 lakhs cover for only heart ailments will cost INR 12,745.
If a 30-year-old non-smoking individual opts for an INR 15 lakhs cover for cancer and INR 15 lakhs cover for heart ailments, both for a 35-year period, the individual’s yearly premium will be INR 7,289. An INR 30 lakhs cover for only cancer will cost INR 3,910 for a year. An INR 25 lakhs cover for only heart ailments will cost INR 8,267. |
An individual has to select the coverage s/he requires. The selection has to be one of the following:
Discounts are available on the plan in the following conditions:
Premiums stay fixed for 3 years and the policy term can last from 5 to 40 years.
The policy covers costs for the following cancer treatments:
The policy covers costs for the following heart ailments:
Here are the policy’s pay-outs:
A lump sum payment is made in case of diagnosis of any stage (early or late) of heart ailment or cancer. In case of a minor condition, the policy pays out 25% of the cover amount and the policy continues. If the individual is again affected in a major way, the remaining 75% is paid and the policy terminates.
If a major condition affects the policyholder, 100% of the cover amount is paid on diagnosis.
An individual doesn’t have to pay any more premiums if they are diagnosed with any minor or major disease. The policy has three additional benefits:
Besides the benefits mentioned earlier, here are some more reasons to opt for the ICICI Pru Heart / Cancer Protect plan:
The plan can be opted by individuals between 18 to 65 years. Individuals who wish to have hassle-free financial assistance when diagnosed with cancer or heart ailments can opt for this plan.
ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank and Prudential plc, a leading player in financial services sector based in UK. ICICI Prudential Life began operations in 2000 and was one of the first private sector companies, in India, to get IRDA’s approval. Along with its 7 other bancassurance partners and large distribution network, ICICI Prudential has turned into a formidable player in Indian life insurance sector.
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