Exide Life Insurance launches a cover for heart and cancer conditions

BENGALURU: Exide Life Insurance has launched ' Exide Life Sanjeevani', a comprehensive health cover for heart and cancer related conditions. 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 heart and cancer related conditions, waives future premiums and also allows you to claim in addition to any existing health insurance.

The lump sum benefit amount is paid under 3 categories - Mild (25% of the chosen sum assured), moderate (50%) and severe (100%). In case one is diagnosed with more than one condition at the same time, 100% benefit is paid out.



"While advancement in medical infrastructure has helped improving survival rate from heart and cancer, the major hurdle faced is the inadequacy of funds to manage the expenses. Out of pocket expenses arising out of these conditions have eroded many families' lifetime savings," says Kshitij Jain, MD and CEO, Exide Life Insurance.

"Exide Life Sanjeevani, our new health insurance offering for Heart and Cancer related conditions will help our customers be better prepared financially for any such eventuality. The plan also offers double claim benefit, premium funding benefit and tax benefit along with being a fixed benefit and comprehensive plan," he adds.