NewZNew (Chandigarh) : Birla Sun Life Insurance has announced the launch of BSLI Cancer Shield Plan, a plan that helps you fight Cancer with the confidence of financial security for your family should the need arise. This covers both early and major stages of Cancer and provides you a lump sum amount on diagnosis helping you meet the related expenses and financial obligations that come along.
The customer is provided 30% of sum assured on illness on diagnosis of the early stage of Cancer and 100% of sum assured on illness on diagnosis of major stage of Cancer less previously paid claim of early stage of Cancer if any. It gives the customers option to enhance their plan by availing income benefit option that provides them 1% of sum assured on illness monthly for a fixed period of next 5 years once a claim for Major stage Cancer has been admitted. The plan also provides customers the option to choose between level sum assured option that keeps the sum assured constant each year and an increasing sum assured option, that enables you to a 10% increment in sum assured each year at a maximum of 100% addition on initial sum assured.
Speaking on the launch, Pankaj Razdan, MD & CEO, Birla Sun Life Insurance said, “Cancer cases are increasingly reflecting an increasing trend in India. According to WHO report, over 1 million new cases are reported in India each year while about 6.8 lakh people die due to cancer in India p.a. Although, medical science has developed new techniques and medicines to cure and manage the disease, the cost of treatment still remains exorbitant and unaffordable for most patients suffering from cancer.”