10 Best Health Insurance Plans for Cancer Patients in India

Cancer is a disease that will not only torment you physically but also emotionally and financially. This life-threatening disease affects everyone, irrespective of age. Cancer is spreading all over the world at an ever-increasing pace. According to the report suggested by the Indian Council of Medical Research (ICMR) and the Nation Center for Disease Informatics and Research, cancer cases in India will be increased by 12% by 2025.

Cancer treatment methods are expensive. Popular treatment ways like chemotherapy, radiotherapy, surgery, etc. will certainly drain your finances. Under such a scenario, health insurance for cancer patients can take care of all their cancer-related expenses. Health insurance for cancer survivors will relieve you and your family from all financial burdens. Cancer health insurance is the perfect way to manage your cancer treatment without stretching your finances.

Though earlier cancer is covered under critical illness policies, these policy plans failed to address the specific needs of a cancer patient. If you are a cancer patient, you won’t get any coverage under this type of insurance plan. If your cancer symptoms appear within 90 days of commencement of the policy, then your cover will be terminated. Thus, a cancer specialist insurance plan is designed to meet all the insurance needs of a patient. Health insurance for cancer patients in India will reduce the treatment cost and offer financial assistance to policyholders.

You can purchase separate medical insurance for cancer patients or you can buy it as an add-on rider with your base policy. An insurance policy for cancer patients will give you additional coverage and protection and also, safeguards your finances by covering the treatment costs that are associated with this deadly disease.

List of 10 Best Health Insurance Plans for Cancer Patients in India in 2022

Let’s take a look at the top 10 best health insurance for cancer patients as mentioned below:-

1. LIC Cancer Cover

This cancer cover is offered by one of the most renowned life insurance providers in India. This cancer cover offers powerful financial protection if the policyholder is detected with a specified early or major stage cancer within the tenure period. 

Some features are:

• The plan offers a variable sum insured between Rs. 10 Lakh to Rs. 50 Lakh.
• Once diagnosed with cancer, the policyholder receives 25% of the applicable sum insured as a lump sum payout amount
• The waiver of the premium option is also applicable in case of an early diagnosis of cancer.
• If cancer is detected in the advanced stage, the policyholder may receive 100% of the sum insured as a lump sum, an income benefit of 1% of the sum insured, and also, a premium waiver benefit

2. Max Life Cancer Insurance plan

This comprehensive plan offers the medical cost of your cancer treatment. The prime purpose of this plan is to lessen the financial burden on your family members.

Some features are:

• This policy plan offers coverage for all three stages of cancer such as early, major and critical.
• After diagnosing cancer, the policyholder receives an immediate sum insured amount (irrespective of the stage of cancer)
• The plan offers an intriguing sum insured ranging between Rs. 10 Lakh to Rs. 50 Lakh
• The minimum entry age is 25 years and the maximum age is 65 years

3. HDFC Life Cancer Care Plan

This plan is ideally designed to offer a lump sum amount to the policyholder upon a cancer diagnosis. 

Some features are:

• The plan has three variants, Silver, Golden, and Platinum. A policyholder is free to choose any of the plans as per his/her medical and financial needs.
• All plans offer flexible premium options including annual, half-yearly quarterly, or monthly installments.
• After an early diagnosis of cancer, a policyholder will receive a premium waiver benefit for a specified period of years
• The minimum and maximum sum assured amounts are Rs. 10 Lakh and Rs. 50 Lakh respectively
• The minimum entry age is 5 years and the maximum age is 65 years

4. SBI Life Sampoorna Cancer Suraksha Plan

This is an individual, non-participating, and non-linked health insurance plan. This plan prepares policyholders financially so that they can manage their cancer treatment costs.

Some features are:

• A policyholder is flexible to choose 1.20% of the sum assured amount as a regular monthly income for 3 years instead of receiving 40% of the same amount as a lump sum payout after being diagnosed with an advanced stage of cancer.
• The plan encourages you to go for a second medical opinion from a panel of medical practitioners
• If you purchase it online, you will receive a 5 % discount on your premiums.
• This plan has a minimum and maximum sum insured amount of Rs. 10 Lakh and Rs. 50 Lakh respectively
• The minimum entry age is 6 years and the maximum age is 65 years

5. ICICI Prudential Heart and Cancer Protect Plan

The plan covers the entire treatment cost and offers you a lump sum payout benefit, without any proof of medical bills.

Some features are:

• You are also eligible for a 5% discount on premiums for the first year of your policy if you purchase the policy jointly for yourself and your spouse
• The plan also offers a 5% loyalty discount on the first year
• The sum insured amount for heart coverage is Rs. 25 Lakh and cancer coverage is Rs. 50 Lakh.
•  The minimum entry age is 18 years and the maximum age is 60 years

6. Aegon Life iCancer insurance plan

Once the plan released a hefty payment amount for the major stage, the future premiums will be waived off.

Some features are:

• For the minor stage, 25% of the sum assured is offered to policyholders
• If you are diagnosed with major stages of cancer, then 100% of the sum assured will be given
• If the insured was diagnosed with critical stage cancer, he/she will receive 150% of the sum assured if there are no prior claims

7. Future Generali Cancer protect plan

This cancer policy aims to relieve you financially in case of a critical illnes like cancer. 

Some features are:

• The plan comes up with two variants (lump sum cover and lump sum cover with income benefits)
• Under the policy, you will get 25% of the sum insured amount in case of early detection and 100% if diagnosed at an advanced stage
• Offers coverage for multiple cancer occurrence
• Covers entire family

8. Digit Cancer insurance policy

This cancer insurance policy covers all types of critical illnesses such as cancer. 

Some features are:

• The plan gives coverage for 6 types of cancers (stomach, breast, ovarian, lung, prostate, and larynx)
• Under the policy, you will get 25% of the sum insured amount in case of early detection and 100% if diagnosed at an advanced stage with income benefits of 10 years
• The plan offers a premium waiver benefit

9. Chola MS Critical health insurance

 This plan covers diseases like myocardial infarction, and other critical disabilities.

Some features are:

• The plan offers coverage for all critical diseases, including cancer
• The plan has two variants (standard plan and advanced plan)
• The standard plan offers the coverage for 10 critical illnesses and the advanced plan offers the coverage for 12 critical illnesses
• No pre-policy medical checkups up to 55 years

10. Edelweiss platinum health insurance plan

This health insurance plan offers coverage for critical illnesses including cancer. 

Some interesting features are:

• Offers a second opinion option for your disease
• Restoration of sum insured benefit is applicable
• Covers up to 8 family members
• After every claim-free year, the policy plan offers free health checkups

Conclusion

A cancer insurance policy will strengthen you financially once diagnosed with this perilous disease. By comparing various policy plans, choose the best one that suits your requirements and healthcare needs.