What's Hot

    RBI ask banks to test note sorting machines on quarterly basis

    July 1, 2022

    Concord Enviro Systems submits IPO papers to SEBI, new shares worth Rs 175 crore will be issued

    July 1, 2022

    Govt to review new taxes levied on crude, diesel, ATF every fortnight, says Nirmala Sitharaman

    July 1, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Invest PolicyInvest Policy
    Subscribe
    • Banking
    • Economy
    • Finance
    • Insurance
      • LIC
    • Investment
    • Market
    • Money
    • MF
    • More
      • Scheme
      • Property
    Invest PolicyInvest Policy
    Home Best Cancer Insurance Plans in India – Here is The List
    Health Insurance

    Best Cancer Insurance Plans in India – Here is The List

    InvestPolicyBy InvestPolicySeptember 6, 2019Updated:February 27, 2021No Comments6 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    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.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleTop 5 Best LIC Plans India in 2020 – Reviews
    Next Article Life Insurance Terminologies – How They Are Important?
    InvestPolicy

    Related Posts

    Private health insurance companies are offering huge discounts on renewal premium, know what is the benefit

    February 28, 2021

    People’s attitude changed due to Corona, increased demand for health insurance

    February 28, 2021

    Important checklist for life and health insurance in 2020

    March 18, 2020
    Add A Comment

    Leave A Reply Cancel Reply

    Top Posts

    How to become a millionaire in 10 years?

    March 21, 2020

    Rupee ends almost flat at 78.03 against U.S. dollar

    June 14, 2022

    Child Insurance Plan: Want to take a child insurance plan for the better future of the child? So keep these things in mind, you will be in profit

    June 14, 2022
    Advertisement

    Our main motto is to help our customers in making personal finance decisions easy and convenient as per their comfort. We are committed to provide accurate and unbiased information at your doorstep and keep it transparent among our customers.

    We're social. Connect with us:

    Facebook Twitter YouTube LinkedIn
    Top Insights

    RBI ask banks to test note sorting machines on quarterly basis

    July 1, 2022

    Concord Enviro Systems submits IPO papers to SEBI, new shares worth Rs 175 crore will be issued

    July 1, 2022

    Govt to review new taxes levied on crude, diesel, ATF every fortnight, says Nirmala Sitharaman

    July 1, 2022
    Must Read

    What is UTR Number in Phonepe and Google Pay? how to check

    March 1, 2022

    Shares of Zomato can give 100% return, Blinkit acquisition is expected to improve profits, business will be safe

    June 27, 2022

    LIC Kanyadan Policy 2021 | Registration Form, Eligibility and Benefits (LIC Kanyadan)

    February 6, 2021
    © 2022 Invest Policy.
    • About Us
    • Contact Us
    • Advertise
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.