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Life Insurance

Max Life Cancer Insurance plan

(UIN: 104N093V02)
A Non-Linked Non-Participating Insurance Plan

A Comprehensive cancer insurance plan covering all stages of cancer

Indexation of Sum Insured which increases Sum Insured up to 150% of Basic Sum Insured

Income Benefit on diagnosis of Major Stage Cancer, along with lump sum

Tax Benefits as per prevailing Tax Laws

Features and Benefits

A Comprehensive cancer insurance plan covering all stages of cancer

Lump sum Payouts to cover medical expenses across all stages

Waiver of future premiums for rest of the policy term in case diagnosed with Carcinoma in Situ (CiS) or Early Stage Cancer

Income benefit which is 10% of Sum Insured paid annually for 5 years, in case diagnosed with Major Stage Cancer, along with lump sum benefit

Sum Insured to increase by 10% (simple rate) for every claim free year upto a maximum of 150% of base Sum Insured

Tax benefit as per the prevailing tax laws

Subject to the waiting period, survival period & exclusions under the plan, the product offers following benefits depending on stage of Cancer:

Covered Events / Benefit Early Stage Cancer or Carcinoma-in-Situ (CiS) Major Stage Cancer
Lump Sum Benefit 20% of Basic or Indexed Sum Insured (whichever is applicable) 100% of Basic or Indexed Sum Insured (whichever is applicable) less prior cumulative lump sum payments on the event(s) of Early Stage Cancer or Carcinoma-in-Situ (CiS).
Waiver of Premium Benefit All the future premiums payable under the policy are waived off and the policy continues Not Applicable
Income Benefit Not Applicable 10% of Basic Sum Insured is payable for a period of up to 5 years, payable annually on next five policy anniversaries following or coinciding with the date of diagnosis of major stage cancer. The income benefit will be paid as and when due irrespective of the expiry of the policy term or in case of death of Policyholder. In case of death of Policyholder during income benefit payout period, the benefit will be paid to the Nominee/Legal heir

Note- Above benefits are subject to the waiting period, survival period & exclusions under the plan. No claim will be paid again for the same CiS, or specified early stage cancer for the same organ.

Please note that coverage under the policy will continue even after payment of Early Stage Cancer or CiS claim (for income benefit or remaining Sum Insured).

Please note that diagnosis shall be done by registered independent medical practitioner.

Basic Sum Insured – This refers to the Sum Insured purchased at the start of the policy.

Indexed Sum Insured - The 'Indexed Sum Insured' above refers to increased Sum Insured at the time of claim.


Maturity/ Survival Benefit There is no Maturity Benefit under this plan
Death Benefit No benefit is payable in the event of death of the Life Insured but if life insured dies within waiting period then 100% of the premium paid since the date of commencement or reinstatement of policy (as the case may be) excluding all applicable taxes, cesses and levies as imposed by the Government is payable
Survival Period Survival time period of 7 days is required from the date of diagnosis of Cancer for the claims to be eligible. A confirmed diagnosis of cancer must be performed when Life Insured is still alive for the eligibility of claim

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