Download Launches HDFC Life Cancer Care

Media Release
HDFC Life expands its Health Insurance Portfolio Launches HDFC Life Cancer Care
The only comprehensive Cancer Care plan by a life insurer that
provides financial protection specifically for early and major stages
of Cancer
Mumbai, 04 June 2015: HDFC Life, India’s leading long term private life insurance solutions
provider today announced the launch of HDFC Life Cancer Care, a health plan that provides
financial support on diagnosis of early or major stages of cancer. HDFC Life is the only private
life insurance company to offer such a product. The plan is distinct from standard critical illness
policies as it provides a fixed lump sum benefit on diagnosis of early and major stages of cancer,
waives future premiums and also pays regular income on diagnosis for treatment of cancer. The
plan also has an indexation option whereby the sum assured increases by 10% every year. The
plan is attractively priced with a Rs. 20 lakh cover for a period of 20 years being available to a 35
year male for less than Rs.1, 800 annual premium and is also eligible for tax benefits.
Announcing the launch, Amitabh Chaudhry, MD
KEY FEATURES
& CEO, HDFC Life said, “In India approximately
one million new cases of cancer are reported every
 In-built Premium Waiver Option on
diagnosis of Cancer
year. Cancer is one of the leading causes of death in

Increase in Sum Assured by 10% every
the country and research says that the incidence of
claim- free year
the disease will increase by 54% by the year 2030.
 Income Benefit for 5 years on payout
While early detection is important in the quest for
for Major Cancer treatment to the
surviving cancer, we realized that one of the biggest
family
set-backs is adequacy of financial resources.
 No Medicals
 Premium Discounts for Sum Assured
Treatment of Cancer is very expensive and can
above Rs 10 Lakhs
range from 3 lakhs to 25 lakhs. In many instances,
 Tax benefits on premiums under Sec
out of pocket expenditure for treatment of cancer
80D of the Income Tax Act, 1961
means household savings are wiped out or families
go into debt for their lifetime. We believe that being
financially prepared against Cancer is half the battle won and with HDFC Life Cancer Care we
expect to help our customers achieve this goal.”
The response to the plan has been encouraging with over 12,000 policies sold within a week of
launch. HDFC Life has also come up with first of its kind Mobile App ‘MPOS’ for its
distributors to manage end to end sale of the product in very few simple steps.
Plan Features:
HDFC Life Cancer Care is a unique plan that ensures you are ready to fight the battle against
Cancer.
 The plan offers choice of three Plan Options:
1. Silver Option: This option offers two benefits on Cancer diagnosis:
o Cancer Diagnosis Benefit: A lump sum benefit is payable on diagnosis of Carcinomain-situ or Malignant cancer, Early Stage cancers, and Major Cancer. The benefit is
payable as below:
Diagnosis of
Early Stage cancer or Carcinoma-insitu (CIS)
Major Cancer
o
% of Applicable Sum Insured
25
100 less Early Stage Cancer or CIS
claims, if any
Waiver on Premium Benefit: The premiums are waived for three policy years in case of
diagnosis of Early Stage Cancer or Carcinoma-in-situ (CIS).
2. Gold Option: This option offers two benefit :
o Benefits mentioned under Silver Option Plus
o Increased Benefit: In this option the Sum Assured increases by 10% of initial Sum
Assured every year. This increase will continue till the happening of the following:
 Increased Sum Insured becoming 200% of the Initial Sum Insured or
 Any claim event
3. Platinum Option: This option offers two benefit
o Benefit mentioned under Gold Option Plus
o Income Benefit: a monthly income equivalent to 1% of applicable Sum Insured would
be paid out to you on diagnosis of Major Cancer for a fixed period of next 5 policy years.
 Premium Discounts for Sum Assured over and above Rs 10 Lakhs
 No lengthy medical procedure, Plan is available on answering 8 simple questions and the
customer need not undergo any Medicals
The plan is available for sale across all distributors and online through the web portal. It is
also launched on Mobile platform
Eligibility Conditions:
 The Plan is available for the customers between 18 years to 65 years of age
 The Policy Term ranges between 10 to 20 years
 The customer has a choice to choose any Sum Assured between Rs 10 Lakhs to Rs 40 Lakhs
About HDFC Life
Established in 2000, HDFC Life is India’s leading long-term life insurance solutions provider offering a
range of individual and group insurance solutions that meet various customer needs such as Protection,
Pension, Savings, Investment, and Health. The company also offers Women’s Plans to meet specific needs
of women. Customers have the added advantage of customizing plans, by adding optional benefits called
riders, at a nominal price. The company currently has 24 retail and 8 group products in its portfolio,
along with 9 riders.
HDFC Life continues to have the widest reach with over 400 branches in India touching customers in
over 900 cities and towns. The company has also established a liaison office in Dubai. The company has a
strong presence in its existing markets with a strong base of Financial Consultants. HDFC Life is a joint
venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing
finance institution and Standard Life plc, the leading provider of financial services in the United
Kingdom.
For more information, please visit our website www.hdfclife.com. You may also connect with us on
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