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HDFC Life Cancer Care launched

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  11 Jun 2015 12:00 AM GMT

Guwahati,June 10 : HDFC Life, on Tuesday announced the launch of HDFC Life Cancer Care, a health plan that provides fincial support on diagnosis of early or major stages of cancer. 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. Announcing the launch, Sujoy Man, Vice President Products, HDFC Life said, “In India approximately one million new cases of cancer are reported every year. Cancer is one of the leading causes of death in the country and research says that the incidence of the disease will increase by 54% by the year 2030. While early detection is important in the quest for surviving cancer, we realized that one of the biggest set-backs is adequacy of fincial resources. Treatment of Cancer is very expensive and can range from 3 lakhs to 25lakhs. In many instances, out of pocket expenditure for treatment of cancer means household savings are wiped out or families go into debt for their lifetime. We believe that being fincially prepared against Cancer is half the battle won and with HDFC Life Cancer Care we expect to help our customers achieve this goal.” This was stated in a press release.

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