Tata AIA Life Insurance has launched two new cancer protection products — Sampoorna Care – Cancer and Sampoorna Care – Cancer Fund — aimed at providing financial support to individuals and families diagnosed with cancer.
According to the company, Sampoorna Care – Cancer is its first cancer insurance plan to offer an income replacement feature with flexible payout options that can be customised to suit the needs of individual families. Sampoorna Care – Cancer Fund includes an optional savings-linked health fund that allows tax-free withdrawals for eligible health-related expenses.
The company said the two products have been designed to address the financial and medical challenges associated with a cancer diagnosis by combining insurance protection with long-term financial planning.
“A cancer diagnosis in an Indian family can be both emotionally and financially draining. It can disrupt the rhythm of a steady income, as patients may need time to recover fully and regain their earning potential,” said Sujeet Kothare, Chief Business Officer – Proprietary Business, Propositions and Marketing, Tata AIA Life Insurance.
“Together, these two products address every dimension of that challenge — from day-one claims and income replacement to long-term savings continuity and treatment support. Indian families deserve protection that is as comprehensive as the problem it is designed to solve,” he said.
At the core of Sampoorna Care – Cancer is an income replacement feature intended to support families whose earnings may be affected during treatment and recovery. The plan offers insurance coverage of up to ₹50 lakh with multiple payout options.
Policyholders can choose to receive the benefit as a regular monthly income, a 100 per cent lump-sum payment, or a combination of both. The regular income option is intended to provide a steady monthly payout similar to a salary, while the lump-sum option enables policyholders to meet immediate expenses such as hospital bills, loan repayments and other financial commitments.
Under the combined payout option, policyholders receive an upfront lump-sum amount to address immediate medical and financial needs, followed by a regular income for up to five years. The company said this feature is intended to help families maintain financial stability if the insured person’s earning capacity is affected by cancer.
According to Tata AIA, consumer research conducted by the company indicated that two out of three respondents considered the income replacement feature to be a unique offering.
The company also stated that the plan comes with a 30-year premium rate guarantee, allowing policyholders to lock in their premium rates for the guarantee period and helping them plan their long-term finances without concern over future premium revisions.
