Insurance is provided by insurance companies as financial assistance to policyholders during different periods of time, according to the requirement of an individual and the insurance policy bought. Life insurance company (LIC) is a leading insurance lending company to people according to their needs and term of policy chosen. This company owns different types of policies and assists people as per the policy they buy. In order to hold a specific policy, a person needs to buy the policy and deposit certain fixed amounts known as premiums in fixed intervals chosen for the continuation of the policy. The different types of situations in which policies act as support are in the case of any misfortune happening to the life assured. These policies provide financial assistance to family members after the death of the policyholder. These policies can also provide certain amounts of payment like in the case of an accident of the policyholder.

In the long list of policies given by Life Insurance Company, one of the main policies is LIC Health Plan Cancer Care (905). This policy provides financial protection to the policyholder in case he/she has been diagnosed with early or major stages of cancer during the policy term. This policy can be purchased online as well as offline. This plan offers two options where the buyer can opt for either. The first option is level sum insured with fixed sum insured. The second option is increased sum insured in which the basic sum increases by ten percent during each year from the diagnosis of cancer. The benefit of the policy can be taken both in the early stages and later stages of different types of cancer, such as prostate cancer, thyroid cancer, bladder cancer, etc.