The 'Cancer Cover' policy, which can be taken by those in the age group of 20 to 65, was a non-linked plan with yearly and half-yearly premium paying options, a company release said.
Fixed benefits would be paid in case the Life Assured was diagnosed with any specified early and/or major stage cancer during the policy term subject to terms and conditions.
Sum assured is available from Rs 10 lakh to Rs 50 lakh. There were two options -- sum assured and increment of the sum assured by 10 per cent of basic sum assured for the first five years, it said.
LIC South Zone Zonal Manager R Thamodharan unveiled the new plan in Chennai.