Product Information Statement

Cancer Insurance Policy

Most types of cancer, if detected early, can be treated effectively. Today, there are thousands of people all over the world who have had cancer and have been cured. They now lead normal lives. Should cancer be detected, this Cancer Insurance Policy provides substantial financial support so that you can be adequately treated in time, allowing you not only to lead a normal life after cancer but one with lesser worries. This Cancer Insurance Policy relieves you of the crippling costs of curing cancer.

What the Policy covers?

Scenarios → 1 2 3 4 5 6 7 8 9
Sum Insured 100,000 100,000 500,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Amount paid
on detection of
cancer
50,000 50,000 250,000 250,000 250,000 250,000 250,000 250,000 250,000
Bills produced
for
reimbursement-
Tranche -1
50,000 75,000 200,000 500,000 250,000 50,000 250,000 1,000,000 1,000,000
Amount
reimbursed
12,500 37,500 12,500 312,500 62,500 - 62,500 750,000 750,000
Bills produced
for
reimbursement-
Tranche -2 #
50,000 50,000 250,000 750,000 700,000 500,000      
Amount
reimbursed
37,500 12,500 237,500 437,500 687,500 500,000 - - -
Total claim paid 100,000 100,000 500,000 1,000,000 1,000,000 750,000 312,500 1,000,000 1,000,000

# Insured can claim any number of reimbursements till the Sum Insured is exhausted

What the Policy does not cover?

Premium:

Age In yrs Premium in Rs. for every Rs. 1 Lakh of Sum Insured
excluding taxes
Service Tax Gross Premium
< 25 91 11 102
25-29 113 14 127
30-34 159 20 179
35-39 272 34 306
40-44 499 62 561
45-49 952 118 1070
50-54 1541 190 1731
55-59 2357 291 2648
60-64 3626 448 4074
65-70 6346 784 7130
71-74 * 6664 824 7488
75 onwards* 6981 863 7844
* Only renewals

Claims Procedure:

Cancellation:

Raheja QBE may cancel the Policy on grounds of misrepresentation, fraud, non-disclosure of material facts or non-cooperation by any Insured or anyone acting for or on behalf of an Insured by sending 30 days notice in writing to the Insured at the last known address and refunding premium pro-rata for the unexpired term of the Policy. The Insured may cancel the Policy at any time, by giving written notice to Raheja QBE. Provided that no claim has arisen under the Policy prior to the receipt of such notice by Raheja QBE, the Insured would be entitled to a return of premium at Raheja QBE’s short period scales as mentioned in the table below, for the period the Policy had been in force.

For a period not exceeding 15 days Full Annual Premium
-do- 1 month 85% of the Annual Premium
-do- 2 months 80% of the Annual Premium
-do- 3 months 75% of the Annual Premium
-do- 4 months 70% of the Annual Premium
-do- 5 months 60% of the Annual Premium
-do- 6 months 50% of the Annual Premium
-do- 7 months 40% of the Annual Premium
-do- 8 months 30% of the Annual Premium
-do- 9 months 15% of the Annual Premium
For a period exceeding 9 months 10% of the Annual Premium specified in the
Schedule (Annual Premium)

Duty of Disclosure:

Raheja QBE relies on information provided by you while accepting your proposal for insurance cover. If that information is not accurate, Raheja QBE can reduce or deny any claim made or cancel the policy. Raheja QBE never wants to have to do that, so you must answer honestly, correctly and completely the questions asked.

Dispute Resolution:

Raheja QBE will take all steps to settle your claim in accordance with policy terms and conditions. However, since the Policy does not cover all eventualities, there may be disagreement on settlement of the claim. For resolution of such disputes Raheja QBE has developed an elaborate Grievance Redressal mechanism. At your request, the claim will be considered afresh by the Grievance Committee of Raheja QBE comprising of the Chief Underwriting Officer, Head of Claims and Compliance Officer of the Company.

Product Information Statement:

This Product Information Statement is intended to facilitate an easier understanding of the policy terms, conditions and exclusions. It only gives a summary of the significant benefits and risks associated with this product. The policy represents the legal contract between you and Raheja QBE General Insurance Co. Ltd and should be seen for complete details.
If the Insured needs any clarification on coverage it may please call the nearest RQBE office or its insurance advisor.

Important Note:

This document is for your information and the description herein is a summary only. It does not attempt to provide full details of every aspect of cover, nor all exclusions or limitations which apply. For full details or clarifications, please read our policy wordings which are available on request or contact your insurance advisor.

Insurance is the subject matter of solicitation.