Cancer, the word is enough to show down your usual thought process. It has been reported as a leading cause of death worldwide and even in India, there is an alarming rise of cancer cases. Although the same comprehensive medical insurance includes critical illnesses like cancer, normally the payout is not enough to cover the large expenses of the cancer treatment. The Aegon life icancer insurance plan is a focused health insurance plan for cancer with benefits that cater to your health needs and risk mitigation. It covers all types of cancer except skin cancers. In India, the largest number of cancer related deaths in men occur because of lung and oral cancer whereas the female population is highly susceptible to cervical and breast cancer.  

Aegon Life icancer Insurance Benefits

1. The icancer insurance plan does not offer any maturity benefit

2. The lump sum benefit on diagnosis, protect your income and saving

3. Stage based benefit payment

4. The plan can be bought online and come with tax benefit under section 80 days

5. A plan that covers all prevalent types of cancer except skin and provides payouts at every stage of cancer

6. Besides, in the major stage, the plan taken care of your premium as they are waived off by the insurance

7. The icancer insurance plan does not offer any death benefit

8. Multiple unrelated cancer can be claimed

Aegon Life icancer Insurance Eligibility Criteria

To be eligible to purchase this Aegon Life icancer Insurance, individuals must be of a certain age when purchasing the policy as well as at the time of maturity. Following are the criteria you must meet of you wish to purchase a cancer insurance plan :

Minimum age

18 year

Maximum age

65 years

Maximum maturity age

70 years

Minimum sum assured

10 lakhs

Maximum sum assured

50 lakhs

Aegon Life icancer Insurance Documents Required

Any applicant who is applying for Aegon Life icancer Insurance, you must have to submit the following documents. These documents are the requirements for the lenders who are providing you the cancer insurance plan.

1. Identity proof

2. Age proof

3. Address proof

4. Income proof

5. Photographs

6. Aadhar card

7. PAN card

Aegon Life icancer Insurance Highlights

  • This is a traditional health insurance plan which can be bought online through some easy steps
  • The plan covers all types of cancer ailments and the benefits paid depend on the stage of cancer the policyholder suffers from cancer

  • There is an inbuilt waiver of premium plan which waives future premiums when the policyholder suffer from  a major stage of cancer

  • The payout increases as the cancer severity Increases 

Aegon Life other products

1. Aegon life icancer insurance

2. Aegon iterm insurance plans

Aegon Life icancer Insurance working

  • There is no death on maturity benefit under the plan

  • The premiums are to be paid for the entire duration failing which the plan lapses and no benefits would be payable

  • On diagnosis of a specified severity of cancer, provided the diagnosis is the first diagnosis in the insured’s life, the benefit depending on the severity of the chosen, the premium would be benefit   

Aegon Life icancer Insurance Inclusion

1. The iCancer Insurance Plan does not offer any maturity benefits.

2. The iCancer Insurance Plan does not offer any death benefits.

3. In case the life assured is diagnosed with cancer at the Minor Stage of the condition, each claim will offer a benefit equal to 25% of the Sum Assured minus any previously paid claims under the plan. The maximum amount that will be granted per claim cannot exceed Rs.5 lakhs. 

4. During the Critical Stage of cancer, the life assured will be eligible for a benefit equal to 150% of the sum assured minus any previously paid claims.

5. During the Major Stage of cancer, the life assured will be eligible for a benefit equal to 100% of the sum assured minus any previously paid claims under the plan.

6. Following the approval of a claim under the Major Stage of cancer, all future premium payments will be waived for the remainder of the policy term, commencing from the next premium due date after the date on which the individual was diagnosed.

Aegon Life icancer Insurance Exclusion

The iCancer Insurance plan will not offer any benefit to the life assured under certain circumstances which are as follow:

1. In case of any medical procedure or medical condition resulting directly or indirectly from attempted suicide self imposed injuries

2. In case the life assured suffers from any medical condition procedure as a result of donating any of this organs

3. Pre existing conditions are not covered for first 48 months from policy inception

4. There is a waiting period of 180 days from policy commencement or revival for the coverage of any diagnosis of cancer and corresponding payment

Aegon Life icancer Insurance Customer Care

Contact number : 1800 120 4433

Email id : [email protected]

Bank offered Financial Products

Accident insurance

Cancer insurance

Car insurance

Life insurance

Health Insurance

Term insurance

Travel insurance

Two wheeler insurance

Aegon Life icancer Insurance Frequently Asked Question

1. What is the minimum sum assured limit of Aegon life icancer insurance?

The minimum sum assured limit is Rs.10 lakhs of Aegon life iCancer Insurance.

2. What are the documents required for Aegon life icancer insurance?

The documents required are Identity proof, age proof, address proof, income proof,photographs,aadhar card, PAN card to get Aegon life icancer insurance.

3. Is then any age of the applicant required to get Aegon life icancer insurance?

The minimum age of the applicant is 18 years and maximum age is 65 years to get Aegon Life icancer Insurance.

4. How can I check the status of my Aegon life icancer insurance?

You can check the status of your policy by either calling the company on the toll free number or emailing them.  

5. Can I avail a loan against the icancer insurance plan?

No, the icancer insurance plan has no facility for customers to take alone against the policy.

6. What is the maximum sum assured limit of Aegon life icancer insurance?

The maximum sum assured limit is Rs.50 lakhs of Aegon life iCancer Insurance.

7. Is there a waiting period for the police to commence?

Yes, an initial period of 180 days is applicable, starting from the date on which the policy commenced for claim to be admissible under the icancer insurance

Know More About

Aegon Life Icancer Insurance

You're eligible for a Aegon Life Icancer Insurance if you:

Are legally adult enough to handle it

Have still got it

Get a regular pay check

Make more than a basic buck

Your eligibility depends on:

Earn more than minimum income required

Maximum allowed Cancer Insurance is Rs. 10K to Rs. 45 lakhs

EMIs of other loans loweryour eligibility

Boost your eligibility by:

Pay off your credit card bills

Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account