SBI Life- Sampoorn Cancer Suraksha: These are the benefits you get from with this standalone cancer insurance
Treatments like chemotherapy, radiology and drug prescription have expenditure that sky rockets through the roof.
Cancer is nothing but abnormality in cell growth and is differentiated according to the type of cells or organ of the body affected. According to the World Health Organisation (WHO), in India, cancer was the major cause of 7.6 million deaths i.e. 13% of all deaths till 2008. Moreover, it also reported that cancer is expected to spread its tentacles across the globe at an alarming rate with death rising to 13.1 million by the year 2030. With almost 8 lakh new cases reported every year and the expenses of treatment that tag along with this disease take a toll on not only emotionally and socially but also financially. Treatments like chemotherapy, radiology and drug prescription have expenditure that sky rocket through the roof.
SBI Life Insurance, with its SBI Life- Sampoorn Cancer Suraksha, prepares you to financially defeat cancer. Under the plan, you can choose the term for your policy between the duration of 5 years to 30 years. One can avail assured sum amount ranging between Rs 10,00,000 to Rs 50,00,000 on the SBI Life- Sampoorn Cancer Suraksha policy.
Moreover, the premium frequency can be selected among yearly, half yearly, quarterly and monthly according to the convenience of the customer. The customer can choose benefit options of standard, classic and enhanced, depending on ones requirement of insurance.
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If one needs to avail the assured amount of Rs 50 lakh in a monthly premium frequency under a standard benefit option, then the premium frequency comes to Rs 236 excluding taxes, for a term duration of 15 years.
Let us take one more example, with the assured amount Rs 50 lakh for a term duration of 15 years under the enhanced benefit by the policy and with the yearly premium frequency , then the premium comes to Rs 3,556 excluding taxes.
In special cases like major stage cancer, one can get the benefit payout i.e. the sun assured minus the claims paid. In case of advanced stages of caner, 150%of sum assured minus the claims and benefit payout of major stage is handed out as lump sum benefits payout.