Published On : Tue, Aug 23rd, 2016

Don’t let the possibility of Cancer come in the way of your family’s well being: BSLI

BSLI Cancer Shield plan helps safeguard your family’s financial security at a premium as low as Rs. 450/- per annum

Birla Sun Life Insurance (BSLI), the life insurance arm of the Aditya Birla Financial Services Group (ABFSG), a significant non-bank financial services company, 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.

Entry Age – 18 to 65 Years
Maturity Age – 75 Years
Policy Term Minimum – 5 Years
Maximum – 20 Years
Premium Paying Term – Regular Pay
Premium Paying Mode – Annual | Semi-Annual | Quarterly | Monthly
Sum Assured – Minimum – Rs.10 Lakhs
Maximum – Rs.50 Lakhs

Speaking on the launch, Chief Actuarial Officer, Birla Sun Life Insurance Anil Singh said that 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 per annum. 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.

He further added Cancer has far reaching effects not just physically for the patient but also emotionally and financially for the family, disrupting finances and regular expenses like EMI’s, education etc. BSLI brand promise is centered around empowering our customers to take charge of life’s uncertainties and face them with confidence. Through the offering of Cancer Shield Plan we aim at empowering customers with a solution to plan their finances against the likelihood of cancer and safeguard their family’s financial security thereby avoiding any financial disruption. It empowers customers to lead their life with confidence and fight a possibility like Cancer with all their might with the backing of their trusted life insurance partner.

BSLI Cancer Shield Plan 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. BSLI Cancer Shield Plan will be available PAN India.