New Delhi, Oct. 13 -- The payout is based on the applicable sum assured rather than the actual cost of treatment. The plan also includes a monthly income benefit following a major-stage cancer diagnosis and a premium-waiver benefit, subject to policy conditions.

LIC said the three plans will be available for purchase from 19 October 2026, both online through its website and offline through licensed insurance agents, corporate agents, brokers and insurance marketing firms.

Prospective policyholders should refer to LIC's official sales brochures for the detailed eligibility criteria, premium structure, benefits, exclusions and policy conditions before purchasing any of the plans.

Life Insurance Corporation of India (LIC) will make three ...