Mr. Bajaj, aged 35 years, buys Max Life Cancer Insurance plan. The coverage option chosen was cover till age of 70 years with Base Sum Insured of Rs. 30 Lacs.
Let’s see what benefit Mr. Bajaj gets in various scenarios:-
Annual Premium paid by Mr. Bajaj (excluding service taxes):-
a) In case bought through Online Sales - Rs. 10,800/-
b) In case bought through Other Channels – Rs. 10,890/-
Scenario 1: Mr. Bajaj survives through the Policy Term without being diagnosed with cancer
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Scenario 2: Mr. Bajaj was diagnosed with Early stage cancer in 8th Policy year. He survived the rest of policy term without being diagnosed with any Major stage cancer or Early stage cancer/CiS
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Scenario 3: Mr. Bajaj was diagnosed with Major stage cancer in 5th Policy year.
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Scenario 4: Mr. Bajaj was diagnosed with CiS in 5th Policy year and Major stage cancer in 9th Policy year.
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Kindly note that the above case studies are only examples and do not in any way create any rights and/or obligations. The actual experience of the policy may be different from what is shown above.