LIC Cancer Cover

LIC Cancer Cover

  • Early and Major Stage Cancer Cover
  • Income Benefit for 10 Years
  • Easy Claim Settlement

LIC Cancer Cover Plan for Extended Financial Protection

LIC of India understands that life is filled with unexpected twists and turns, and financial stability is our ultimate asset. To be your best companion during tough times, LIC of India offers different types of insurance plans and financial tools that protect an individual against life risks or health emergencies.

Today, cancer has become one of the rising health issues among different ages. To hold you strong into the battlefield of cancer, LIC of India has introduced the LIC Cancer Cover plan – a comprehensive shield designed to accompany you and your loved ones through the uncertainties that a cancer diagnosis may bring. LIC Cancer Cover policy provides extended coverage to relieve financial stress and get the best medical care.

What is LIC Cancer Cover Plan?

LIC Cancer Cover (Plan No. 905) is a non-linked, non-participating health insurance plan activated when the insured is diagnosed with any early or major-stage cancer during the policy term. The plan is a regular premium-paying health insurance policy that guarantees financial protection to the family and helps deal with cancer treatment expenses, from diagnostic tests to treatment costs. The policy can be purchased offline through the LIC agents and brokers or directly from the LIC branch. Also, you can buy the LIC Cancer Cover policy online by visiting the official website of the LIC of India.

Highlights of Cancer Cover LIC

Below are the major highlights of the LIC Cancer policy.

  • Plan Type

    Health Insurance Plan

  • Benefit Options

    Level and Increasing Sum Assured

  • Cancer Coverage

    Early and Major Stage

  • Waiting Period

    180 days

  • Policy Term

    10 - 30 years

Eligibility Criteria of LIC Cancer Cover Policy

The insurance seeker should meet the following eligibility criteria and restrictions to buy LIC Cancer Cover plan.

Particulars Specifications
Entry Age 20 - 65 years
Maturity Age 50 - 75 years
Minimum Premium Rs. 5,000 (per annum)
Basic Sum Assured Rs. 35 Lakhs for 20 to 34 years age
Rs. 25 Lakhs for 35 to 40 years age
Rs. 15 Lakhs for 41 to 65 years age
Maximum Basic Sum Assured Rs. 50 Lakhs

LIC Cancer Cover Plan Benefits

The LIC Cancer Cover policy is a health insurance plan specifically designed to cover the risks of cancer. If you are diagnosed with cancer during the policy term, the following benefits provide comprehensive financial coverage against different stages.


Sum Assured Options

At the time of the policy inception, you have the flexibility to select the type of sum insured from the following:

Option I: Level Sum Insured:

Under this option, the basic sum insured remains the same during the policy term.

Option II: Increasing Sum Insured:

The sum insured increases by 10% of the Basic Sum Insured annually for the first five years. This increase starts from the first policy anniversary or the first diagnosis of the cancer, whichever is earlier.


Early Stage Cancer Cover

When early stage cancer is diagnosed for the first time, the benefits under LIC Cancer Cover are payable in the following manner.

Lump Sum Benefit

25% of the applicable sum insured is paid to the insured.

Premier Waiver Benefit

The further premiums for the next three years or balance policy term, whichever is lower, shall be waived from the policy anniversary on or after the date of the first diagnosis.


Major Stage Cancer Cover

When a major stage cancer is diagnosed for the first time, the benefits under LIC Cancer Policy are payable in the following manner.

Lump Sum Amount

100% of the Applicable Sum Insured after deducting any previously paid claims for early stage cancer is payable to the insured.

Income Benefit

With the above lump sum benefit, an additional income benefit of 1% of the Applicable Sum Insured is paid for the fixed ten years. This income benefit is paid on each policy month after the payment of the lump sum amount. The income benefit payment period is fixed for 10 years irrespective of whether the insured survives, the policy term ends, or the insured dies.

Premium Waiver Benefit

All future premiums towards LIC Cancer Cover are waived from the next policy anniversary, and all the benefits cease except for the income benefit.


Tax Benefits

The life insured can avail of the tax benefits under Section 80D of the Income Tax Act, 1961. We suggest you contact your tax advisor for more details on the tax deductions on premiums and benefits under the Cancer Cover LIC policy.

Inclusions Under LIC Cancer Cover

The diagnosis of the following cancer conditions and confirmation from the specialist are covered under LIC Cancer Cover policy.

Early Stage Cancer Major Stage Cancer
Carcinoma-in-situ (CIS) Leukemia
Prostate Cancer – early stage Lymphoma
Thyroid Cancer – early stage Sarcoma
Bladder Cancer – early stage  
Chronic Lymphocytic Leukaemia – early stage  
Cervical Intraepithelial Neoplasia  

Exclusions Under LIC Cancer Cover

The following conditions diagnosed are excluded from claiming cancer benefits under LIC Cancer Cover.

Early Stage Cancer Major Stage Cancer
All types of cancers described as benign, borderline malignant, or low malignant potential. All tumours described as carcinoma in situ, benign, premalignant, borderline malignant, low malignant potential, neoplasm of unknown behaviour, or non-invasive
Dysplasia, intra-epithelial neoplasia or squamous intra-epithelial lesions Any non-melanoma skin carcinoma without evidence of metastases to lymph nodes or beyond
Carcinoma in situ of skin and Melanoma in situ General malignant melanoma
  Prostate tumours
  Thyroid cancers (T1N0M0 or below)
  Chronic lymphocytic leukaemia not more than RAI stage 3
  Non-invasive papillary cancer of the bladder
  All Gastro-Intestinal Stromal Tumors (TNM classification or below)

LIC Cancer Cover Premium Chart

The premium rates for LIC Cancer Cover are guaranteed for the first five years; later on, the premium rates are revised regularly, and the insured is updated for the same on a prior basis. The given sample LIC Cancer Cover Premium Chart reflects the annual premium rates per Rs. 1,000 Sum Insured, where the policies are sold offline.

Option I: Level Sum Assured

Age (in Years) Policy Term (years)
20 30
Male Female Male Female
20 - - 1.10 1.71
30 1.31 2.53 1.86 3.23
35 1.94 3.69 2.95 4.53
40 2.83 4.94 4.51 5.91
45 5.28 6.74 8.13 7.95
50 8.56 8.48    

Option II: Increasing Sum Assured

Age (in Years) Policy Term (years)
20 30
Male Female Male Female
20 - - 1.35 2.26
30 1.67 3.44 2.47 4.48
35 2.51 5.02 3.99 6.27
40 3.81 6.79 6.30 8.24
45 7.24 9.18 11.47 10.99
50 12.02 11.62 - -

* All the premium rates are provided from sources and material available on the official website of LIC of India.

Additional Features of Cancer Policy LIC

We have discussed the LIC Cancer Cover benefits, inclusions, and exclusions in detail. Some attractive features make the LIC Cancer Cover a more flexible and suitable plan.


Waiting Period

LIC Cancer Cover comes up with a waiting period of 180 days from the date of policy issuance or the revival date of risk cover, whichever is later. No benefits can be claimed before the waiting period in case of first diagnosis of any cancer stage.


Survival Period

If the life insured dies within 7 days from the first diagnosis of any cancer, no benefits are paid.


Premium Payment

The insured can pay LIC Cancer Cover premium payment regularly at yearly or half-yearly intervals.


Grace Period

A grace period of 30 days is provided to the insured to make a missed LIC Cancer Cover premium payment from the date of the first unpaid premium. The policy lapses if the premium payment is not made within the grace period. The life insurance companies perform underwriting of the group insurance policies to evaluate the risk involved.


Policy Revival

The lapsed policy can be revived within five consecutive years from the first unpaid premium but before the maturity date. The insured must pay all the premiums with interest at a rate the Life Insurance Corporation decides. Upon the revival of the LIC Cancer Cover, all the provisions of the waiting period, survival period, and exclusions will be applicable.



LIC Cancer Cover policy offers discounts on the payment mode and online policy sale.


Free Look Period

If the policyholder is not satisfied with the policy terms and conditions, they can return the policy to the corporation within 30 days from the date of policy receipt. The policyholder needs to state the reasons for the objections, and LIC of India cancels the policy. Upon cancellation, the premium amount paid is returned after deducting any charges.

Termination of Benefits Under Cancer Cover LIC

Certain conditions prevent the policyholder from claiming the benefits against LIC Cancer Policy. If any of the following conditions are evaluated by the LIC of India, the LIC Cancer Cover benefits will be cancelled.

  • Any pre-existing condition
  • First diagnosis of cancer within 180 days from the date of policy issuance or policy risk cover revival date
  • Any condition caused due to the Life Assured’s organ donation
  • Any medical condition caused directly or indirectly by consumption of drugs or alcohol
  • Any condition arising from nuclear contamination (radioactive, explosive, or nuclear fuel material)

How to Claim LIC Cancer Cover Benefits?

If the life assured is diagnosed with early or major stage cancer, they can follow the given process to make a claim for LIC Cancer Cover and get financial support.


Claim Intimation

Upon diagnosis, inform the LIC of India about the claim. Download the claim form from the official website of LIC of India. Or else you can also visit the nearest LIC branch and get the claim form. Duly fill out the form and submit it with supporting documents like diagnosis reports and medical documents.


Claim Processing

After receiving the claim request, the assessor verifies and evaluates the claim scope. During this step, the corporation may request other documents to submit.


Claim Settlement

Once the evaluation is complete, the assessor communicates the decision to the policyholder, whether the claim is approved or rejected. The LIC offers an efficient claim settlement process so the policyholder doesn’t need to take stress or run repeatedly to the branch office.

Final Words

Today, when medical inflation is rising rapidly every year, diagnosis and treatment of a life-threatening disease like cancer may leave you in financial, mental, and emotional pain. LIC of India has launched a Cancer Cover policy LIC to help the assured fight against cancer without stressing over financial vulnerability.

We have discussed the inclusions and exclusions under LIC Cancer Cover. The policy buyers can get a 7% discount for an online purchase. Also, you can manage your LIC policy online by logging into the LIC customer portal and doing additional tasks by yourself, like LIC premium payment, lapsed LIC policy revival, claim status, etc.

If you want to explore and compare health plans for cancer coverage, get expert assistance from RenewBuy POSP advisor.