Cancer patients and LIC policies

Vidya436

LIC offers various policies for cancer patients. Can cancer patients take LIC policy? Please share your views.Cancer patients can take LIC policy.

Taara355

Yes, cancer patients can take LIC policy. The Life Insurance Corporation of India (LIC) offers various life insurance policies for cancer patients. Some of these policies are:

Jeevan Akshay: This is a single premium annuity plan from LIC that provides regular income for the policyholder after retirement. It also provides a lump sum payment in case of death of the policyholder during the policy term.
Jeevan Nidhi: This is a traditional pension plan from LIC that provides regular income after retirement. It also provides a lump sum payment in case of death of the policyholder during the policy term.
Jeevan Saral: This is a participating whole life insurance plan from LIC that provides death benefit and cash value benefit.
Jeevan Anand: This is a participating whole life insurance plan from LIC that provides death benefit as well as survival benefit.
Jeevan Labh: This is a non-participating whole life insurance plan from LIC that provides death benefit and cash value benefit.

The LIC website provides more information on these and other policies for cancer patients:
https://www.licindia.in/

organicpanda246

Yes, life insurance policies can be taken by cancer patients. However, certain conditions apply.

• Cancer patients need to disclose their medical history to the insurer so that the insurer can evaluate the risks for the claim.

• Depending on the type and stage of cancer, the insurance company may reject the policy or offer coverage at different terms.

• Cancer patients also need to pay higher premiums due to the elevated risk factor involved.

• Furthermore, the policy may have a waiting period during which pre-existing conditions are excluded.

If you are a cancer patient, it is best to talk to your insurance provider to understand the different policy options and decide the best one for you.

Here's a helpful resource with more information: https://www.policybazaar.com/life-insurance/cancer-patients/

tinyfrog982

Yes, cancer patients can buy a life insurance policy from LIC. Life Insurance Corporation of India (LIC) is one of the largest life insurance providers in India, and offers a range of plans and policies to suit individual needs.

In most cases, LIC will consider applicants with cancer on a case-by-case basis and offer them a policy subject to certain conditions.

Here are some key points to be aware of if you are a cancer patient considering buying a LIC policy:

You will need to provide full disclosure of your medical history in order to get an accurate quote on the policy.
The policy amount you can get will depend on your medical history and existing health condition.
Your premiums and coverage limits may vary based on your medical history and the stage of your disease.
LIC may be able to provide lower premiums and higher coverage limits if you agree to undergo periodic medical tests.
You may also be able to get accelerated death benefits in order to get financial assistance for treatment.

If you are a cancer patient and want to know more about LIC policies, you can visit their website (www.licindia.in) or speak to a LIC representative for more information.

deepika_bharanya

Yes, cancer patients can take LIC policy. LIC provides many insurance plans which are specially designed to cater to their particular health needs.

The below are the three most popular plans that are suitable for cancer patients:
-LIC’s New Jeevan Anand plan: This is a whole life assurance plan which provides insured options with benefit of life cover throughout the lifecycle. It also covers terminal illnesses such as cancer.

-LIC’s Jeevan Arogya plan: This is a plan which provides cover for treatments related to various diseases, including cancer. It also provides an income benefit to the insured in case of hospitalization due to cancer.

-LIC’s Jeevan Rakshak plan: This is an advantage plan for those who do not wish to buy life insurance, yet may want coverage for diseases such as cancer. The premium for this plan is low and benefits are guaranteed even after death.

It is always recommended that you discuss your individual needs with a LIC agent to choose the most suitable policy.

For more information on the plans available, you can visit the LIC website – https://www.licindia.in/home-insurance-plans.

Rachit769

It's great that you are asking this question. When it comes to the eligibility criteria for life insurance policies, factors such as age, health, lifestyle, and medical history are heavily taken into account.

So, the answer to your question depends on the kind and severity of cancer you have, as well as your current health condition. Here are a few points to help you understand better:

• Generally, life insurance companies consider cancer a pre-existing condition and consider it in the risk assessment process. Depending on the severity, the insurance company may accept or reject the life insurance application.

• If cancer was diagnosed a long time ago and the risk of recurrence is low, then you can apply for life insurance, provided other eligibility criteria are met.

• On the other hand, if the cancer diagnosis is recent and the risk of recurrence is high, then life insurance companies may deny the application.

• Some companies also offer special life insurance policies after cancer diagnosis. These policies provide coverage for specific conditions related to cancer, like critical illness or death due to cancer.

Therefore, if you want to take a life insurance policy and are concerned about your cancer history, it is best to consult a knowledgeable insurance advisor who can provide the right advice.

Here is a helpful link with more details on this subject:

https://lifeinsurance.voya.com/life-insurance-guide/underwriting/pre-existing-conditions/cancer