An economical way of increasing your health insurance which no one talks about!

Health insurance has become costly and especially post covid. It has become an essential product in the lives of individuals. The main purpose of having health insurance is to safeguard our long-term financial plans and make sure that our investments are not disturbed in case of medical emergencies.

The average annual cost of health insurance for one person is as under:

Age group

Sum assured

Average premium with GST

25-35 years

Rs. 10,00,000

Rs. 9,500

36-40 years

Rs. 10,00,000

Rs. 10,500

41-45 years

Rs. 10,00,000

Rs. 13,000

46-50 years

Rs. 10,00,000

Rs. 19,000


Following is the list of major diseases and their average treatment cost in India.

Heart diseases

As per data from Global Burden of Disease, about 24.8% of all deaths in India are caused due to Cardiovascular Diseases (CVD). The average cost of medical procedures involved in the treatment of cardiovascular diseases in India lies in the range of Rs 3 lakhs to 5 lakhs. The cost can rise much higher depending on the severity of the ailment. For instance, a heart transplant can cost as much as Rs 18 to 25 lakh.


As per the National Cancer Registry Programme of the India Council of Medical Research (ICMR), 1300 people die every day in India due to cancer. The average medical cost in India for cancer treatment is around Rs 10 to 15 lakhs. This is because a single chemotherapy session can cost you about INR 1 lakh and medicines used for cancer treatment can cost you anywhere between Rs 75,000 to 1 lakh.

Kidney transplant

The total cost of a kidney transplant can be anywhere upwards of Rs 7 lakhs. Additionally, the cost of a single injection given before and after the transplant is about Rs 80,000.

Liver cirrhosis

About 10 lakh people are diagnosed with liver cirrhosis in India every year. It is the 10th most common cause of death in India. Many patients with this disease need to undergo a liver transplant. This surgery can cost anywhere between Rs 10 lakhs and 20 lakhs in India.

Looking at the above one can easily realise that going forward Rs. 10,00,000 of health insurance will not be enough. (According to reports, in 2021, India recorded the highest medical inflation rate of 14% among Asian countries. China followed next with 12%, Indonesia and Vietnam at 10%, and the Philippines at 9%.). As individuals we need to at least double the sum assured of our health insurance. But, the question is, can we afford extra health insurance premium? For many health insurance premium is a compulsion for tax planning and not financial planning; for those whom it is a tool for financial planning cannot afford higher premiums.

So today we will discuss one such policy which can prove to be handy in case of critical illness like cancer. Here we are talking about the CCP or the cancer cover plan. The plan is a health insurance product offered by the insurance giant LIC. The premium for Rs. 10,00,000 starts from Rs. 2400/year. Yes you got it right, just Rs. 7/day for at least Rs. 10,00,000. (Young people can get cover of Rs. 15,00,000 for Rs. 2400 premium as well depending on term)

Features of the policy:

Cancer Cover policy offers 2 plan options. The benefits will vary accordingly.

Option I - Level Sum Insured: 
The Basic Sum Insured shall remain unchanged throughout the policy term. So if you choose a cover of Rs. 10 lakhs, it stays that way throughout the policy term.

Option II - Increasing Sum Insured:
The amount of cover increases by 10% of Basic Sum Insured every year for the first five years. In case the policyholder is diagnosed with cancer this increase will stop even within the first 5 years. So if one takes Rs. 10 lakhs cover, it will keep increasing by Rs. 1 lakh every year for 5 years (so it can go to a maximum of Rs. 15 lakhs). In case one is diagnosed with cancer after the increased cover has reached Rs. 13 lakhs, it would not increase in the next 2 following years.

Early Stage Cancer

In case one is detected with Early stage cancer which are specified, one gets the following benefits.

  • Lumpsum Benefit: 25% of Applicable Sum Insured is paid out
  • Premium Waiver Benefit: Premiums for next three policy years or balance policy term whichever is lower, shall be waived from the policy anniversary coinciding or following the date of diagnosis. 

Major Stage Cancer

In case one is detected with Major stage cancer which are specified, one will get the following benefits.

  • Lumpsum Benefit: 100% of Applicable Sum Insured less any previously paid claims in respect of Early Stage Cancer is paid to the insured.
  • Income Benefit: 1% of Applicable Sum Insured shall be payable on each policy month following the payment of Lump Sum amount for a fixed period of next ten years irrespective of the survival of the Life Insured and even if this period of 10 years goes beyond the policy term. In case of death of the Life Assured while receiving this Income Benefit, the remaining payouts, if any, will be paid to his/her nominee.
  • Premium Waiver Benefit: All the future premiums shall be waived from the next policy anniversary and the policy shall be free from all liabilities except to the extent of Income Benefit as specified above. 



Age at entry (years)

20 (completed)

65 (last birthday)

Policy term (years)



Age at maturity (years)



Basic sum assured(Rs)

Rs. 10,00,000

Rs. 50,00,000

Minimum premium (Rs)

2,400/- for all modes (yearly and half yearly)


So with the above policy one can be worry free from cancer claims and in addition to that, LIC will provide 1% of sum assured on monthly basis which can be used to pay medical insurance premiums and other regular medical expenses. The policy makes one free from financial burden arising from cancer and the medical insurance can be used to cover other illness other than cancer.

This plan is not comparable with products like super top-up as they have a limitation of deductible amount which this policy does not have.

The most important thing is that the policy can be purchased online and there is no need for medical checkup. For more details call us on 07990290560, 09824995011 or whatsapp us your query.

So what are you waiting for? Call us today to get your CCP online now!


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