This product pays lump sum cash benefit if the insured is diagnosed for the first time with cancer during the policy year. Payment is made without regard to the severity of the illness. This product can be offered on an indemnity reimbursement basis, with or without a lump sum benefit.
Core Coverage
- Lump sum payment when cancer first diagnosed.
- Daily hospital cash benefits.
- Surgical expense reimbursement.
Customer profile
Individuals between the ages of 18 and 60 years old. The product may be purchased independently by individuals or made available to employees through voluntary enrollment with payroll deduction. It may be offered alone or as part of a more extensive benefits package, with a flexible premium scale.
Distribution:
In many of our markets around the world, we may utilize a variety of distribution channels including brokers, travel agencies, agents, worksite marketing, consultants, and bancassurance.
For method of distribution, this product falls under the following categories:
- Group - Employee/Employer and Associations
- Direct Marketing
- Individual / Other
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