Invest Policy
No Result
View All Result
Wednesday, March 3, 2021
  • Login
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
Subscribe
Invest Policy
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
No Result
View All Result
Invest Policy
No Result
View All Result
Home Insurance Health Insurance

Best Cancer Insurance Plans in India – Here is The List

by InvestPolicy
February 27, 2021
in Health Insurance
0
Best Cancer Insurance Policies
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Talking about “Cancer” can instil fear in the toughest of individuals. Nobody, even in his/her worst dream would ever want to get diagnosed with this dreadful disease. Being one of the life-threatening diseases, the cost of treatment has also gone up in recent years. If we talk in simple terms, then the treatment cost for a cancer patient now has the potential to wipe out a common man’s entire life savings. Therefore to overcome this unfortunate event, you need a cancer insurance plan that will ensure you are financially prepared to fight the battle.

List of Top Five Cancer Insurance Policy

However, while choosing a cancer insurance plan for yourself, it is highly important to opt for a plan with a high sum insured that will provide sufficient funds during the time of crisis. Here are the five best cancer insurance plans in India you can choose from.

1. ICICI Pru Heart/Cancer Insurance

This plan ensures that you are financially secure during cancer treatments as well as heart ailments and that too at affordable premiums. The plan includes free cancer screening, chemotherapy cost, PET-CT scans, targeted therapy, medications, apart from hospitalization, recovery and living expenses thereafter.

Eligibility

Entry Age 18-65 Years
Policy Term 5-40 years
Max. Sum Assured Rs. 50 Lakhs

Benefits of this plan:

  • Without burdening your pocket, make yourself financially secure with the high cover that this plan provides.
  • Under this plan, you are eligible to get 100% payout on diagnosis of major cancer conditions. In case of minor conditions (such as early-stage cancer), you will be entitled to 25% of the sum assured, irrespective of actual medical bills.
  • Once diagnosed with cancer, you don’t have to pay a further premium and will continue being covered for the entire policy term.

More Info: https://www.iciciprulife.com/content/dam/icicipru/brochures/heart_and_cancer.pdf

How to Choose the Best Cancer Insurance Plan in India

2. HDFC Life Cancer Care

HDFC Life Cancer Care is a comprehensive cancer plan that provides financial protection against both minor and major cancer conditions. Under this policy, you can choose from the 3 plan variants- Silver, Gold & Platinum.

Eligibility:

Entry Age 5-65 Years
Policy Term 3-85 Years
Max. Sum Insured Rs. 50 Lakhs

Benefits:

  • Waiver of Premium in case of diagnosis of early-stage cancer.
  • Offers lump sum payout on diagnosis of major and early stages of cancer.
  • Receive income benefit on the diagnosis of major-stage cancer under Platinum option.
  • Avail tax benefits under section 80D of the Income Tax Act, 1961.

More Info: https://www.hdfclife.com/health-insurance-plans/cancer-care-insurance

7 Things To Know Before Purchasing a Life Insurance Plan

3. Religare Cancer Insurance

Religare Cancer Insurance provides coverage to the policyholders irrespective of the stage or type of cancer. The policy also offers medical coverage for early detection tests and regular health monitoring programs and provides lifelong protection at unbeatable prices.

Eligibility:

Entry Age 5-50 Years
Policy Term 1, 2 or 3 years
Max. Sum Insured Rs. 2 Crores

Benefits of this Plan:

  • During every policy year, the insured can take a second opinion from the international medical experts.
  • Covers pre and post hospitalization medical expenses, which means expenses incurred 30 days before the hospitalization and 60 days after discharge are covered.
  • Under the alternative treatment coverage, the plan covers Ayurveda, Unani, Siddha & Homeopathy treatments.
  • All the doctor consultancy fees and other medical charges are covered under this policy.

More Info: https://www.religarehealthinsurance.com/cancer-insurance.html

4. Max Life Cancer Insurance Plan

The plan covers all the stages of cancer, be it first or last. In the case of early detection, 25% of the initial cover amount is paid upfront, and all the future premiums are waived off. If detected at a major stage, the full cover amount is paid with an additional 10% as income for the next 5 years.

Eligibility:

Entry Age 25-65 Years
Policy Term 10-40 years
Max. Sum Insured Rs. 50 Lakhs

Benefits of the plan:

  • Get comprehensive protection against all stages of Cancer (including early, major, and critical stages).
  • Get immediate payout upon diagnosis of cancer, irrespective of the stage of cancer you are diagnosed with.
  • Increase your sum insured by 10% for the first 5 claim-free years at no extra cost.
  • The tax benefit on the premiums paid is exempt under Section 80D of the Income Tax Act, 1961.

More Info: https://www.maxlifeinsurance.com/content/dam/corporate/Brochures/health-plans/English/Max-life-cancer-insurance-plans/max-life-cancer-insurance-plan-prospectus.pdf

5. LIC Cancer Cover Plan

LIC Cancer Cover Plan is a non-linked and non-participating health insurance plan that offers regular premium payment and ensures financial protection if the insured individual is diagnosed with any of specified Early or/and Major Stage Cancer during the policy term.

Best LIC Plan – Tech Term Policy

Eligibility:

Entry Age 20-65 Years
Policy Term 10-30 years
Max. Sum Insured Rs. 50 Lakhs

Benefits of the Plan:

The following benefits are payable during the policy year under an in-force policy:

1. Early-Stage Cancer: 

(a) Lump-sum benefit: 25% of the applicable sum insured shall be payable.

(b) Premium Waiver Benefit: Premiums for the next three policy years or balance policy term whichever is lower, shall be waived from the policy anniversary coinciding or following the date of diagnosis.

2. Major-Stage Cancer: 

(a) Lump-Sum: 100% of the applicable sum insured less any previously paid claims in respect of early-stage Cancer shall be payable.

(b) Income Benefit: Other than lump-sum benefit, income benefit of 1% of applicable sum insured will be paid every month for a fixed period of next 10 years irrespective of the survival of the insured. However, in case of death of the life assured during the policy tenure, the remaining payouts (if any) will be paid to his/her nominee.

(c) Premium Waiver Benefit: All the future premiums shall be waived from the next policy anniversary and the policy shall be free from all liabilities except to the extent of Income Benefit as specified above.

More Info: https://www.licindia.in/getattachment/Products/Health-Plans/LIC-s-Cancer-Cover/Sales_Brochure_Cancer_Cover_05-03-2020_CC.pdf.aspx

Conclusion

With the substantial increase in the probability of getting cancer, the cost of treatment has also gone up in recent years and has the potential to wipe out a common man’s entire life savings. Thus, investing in the best cancer insurance plan is the most secure option to make sure that you are covered financially while facing such a critical condition.

  • Trending
  • Comments
  • Latest
MP E Uparjan

MP E Uparjan 2021 | Farmer online registration, mpeuparjan.nic.in portal

February 27, 2021
What is the role of two employees of Wipro in wrong transfer of Rs 6554 crore to Citibank

What is the role of two employees of Wipro in wrong transfer of Rs 6554 crore to Citibank

February 26, 2021
sukanya-samriddhi-yojana-vs-lic-kanyadan-policy

LIC Kanyadan Policy Vs Sukanya Samriddhi Yojana

March 2, 2021
RailTel IPO: Premium falls in gray market, should you still invest?

Nureca’s IPO will open for subscription on February 15, should it subscribe or not? Know the opinion of experts

February 28, 2021
Amazon's logo was being trolled by saying Hitler's face, the company made changes once again after seeing opposition

Amazon’s logo was being trolled as Hitler’s face, the company made changes once again after seeing protest

March 1, 2021
Tata Safari SUV की मार्केट में धूम, Delhi-NCR में Tata Motors ने 24 घंटे में 100 SUVs की डिलिवरी दी

Tata Safari SUV’s market boom, Tata Motors delivers 100 SUVs in 24 hours in Delhi-NCR

March 2, 2021
... so does Megan lose her life like Diana?  Prince Harry revealed sensational in interview

So does Megan have to lose her life like Diana? Prince Harry revealed sensational in interview

March 2, 2021
Airtel acquires 355.45 MHz spectrum for Rs 18,699 crore

Airtel acquires 355.45 MHz spectrum for Rs 18,699 crore

March 2, 2021
These are Jio's Dhansu plans under 5 rupees, getting free calling and bumper data

Spectrum Auction: Auction ends, Reliance Jio acquires highest spectrum of Rs 57,122 crore

March 2, 2021
Market Leadership: PhonePe और Paytm में बादशाहत की जंग, दोनों ने खुद को नंबर 1 होने का किया दावा

Market Leadership: King of War in PhonePe and Paytm, both claim themselves to be No.1

March 2, 2021

Recent News

Tata Safari SUV की मार्केट में धूम, Delhi-NCR में Tata Motors ने 24 घंटे में 100 SUVs की डिलिवरी दी

Tata Safari SUV’s market boom, Tata Motors delivers 100 SUVs in 24 hours in Delhi-NCR

March 2, 2021
... so does Megan lose her life like Diana?  Prince Harry revealed sensational in interview

So does Megan have to lose her life like Diana? Prince Harry revealed sensational in interview

March 2, 2021

Categories

  • Banking
  • Economy
  • Featured
  • Finance
  • General Insurance
  • Health Insurance
  • Insurance
  • Investment Plans
  • Latest News
  • LIC
  • Life Insurance
  • Market
  • Money
  • Mutual Funds
  • Property
  • Scheme
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Invest Policy

InvestPolicy.com is one of the leading companies when it comes to loans and card marketplace. Our main motto is to help our customers in making personal finance decisions easy and convenient as per their comfort.

© 2021 Invest Policy. All Right Reserved.

No Result
View All Result
  • Latest News
  • Banking
  • Economy
  • Market
  • Investment Plans
    • Mutual Funds
    • Money
    • Property
    • Scheme
  • Finance
  • Insurance
    • General Insurance
    • Life Insurance
    • LIC
  • World
  • About Us
  • Contact Us

© 2021 Invest Policy. All Right Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In