Coverage for Cancer Care
Expenses
  • Top cancer insurance plans
  • Hassle-free online purchase
  • Covers major types of cancer
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Health Insurance Plan for you.

Enter Your Name

Age of Eldest Member

Best Cancer Insurance Plan in India 2022

Cancer Insurance is a special kind of insurance that is designed to protect the policyholder from bearing the high costs associated with cancer. Cancer insurance helps secure your financial situation and bears the costs related to getting quality treatment for cancer, offering financial protection. A cancer insurance policy offers coverage against all cancer stages along with the dual benefit of a lump-sum payment in addition to income on the diagnosis of a major stage. A cancer insurance policy offers various benefits such as covering expenses associated with hospitalization, chemotherapy, radiation, surgery, etc.

Cancer is not just a disease, it is a different story of pain, distress, emotional breakdown, survival risk, and whatnot. Cancer not only affects the patient but the entire family and those connected closely. And unfortunately, this disease is on the spike all around the globe. Talking specifically about India, cancer cases are expected to increase by 12% by 2025 as suggested in a report by the Indian Council of Medical Research (ICMR) and the Bengaluru-based National Centre for Disease Informatics and Research.

Cancer is not limited to a person, gender, geography, or demography, it can affect anyone anywhere anytime. The report also reveals that by 2025 the number of cancer cases in men may reach 7,63,575 and 8,06,218 in women. These figures are alarming and every living being is vulnerable to this deadly disease. Fighting against cancer requires a lot of strength, a positive attitude, zeal to survive, emotional support, and huge financial resources.

According to a national survey, the average total cancer care expenditure in 2017-2018 was around Rs. 1,16,218 (public hospitals). Whereas in private hospitals, the cost was approximately Rs. 1,41,774. However, public hospitals are comparatively more economical than private hospitals for cancer treatment but the overall cost is still expensive. Moreover, the medical inflation over these years has sky-rocketed the cancer care treatment cost.

In such a situation, the best companion to manage cancer care expenses is cancer insurance. A comprehensive cancer insurance plan can relieve you and your family from the financial burden while dealing with an already stressful medical condition.

Best Cancer Insurance Plans in India 2022

New India Group Cancer Mediclaim

The plan is specifically designed for lower and middle-class families undergoing Cancer Treatment.

Unique Features

  • Up to 2 Lakh SI
  • Avail Cumulative Bonus
  • Cover dependent children

New India Cancer Guard Policy

This plan is designed to aid financially in treating cancer. The policy offers cover for conventional and advanced cancer treatments.

Unique Features

  • SI up to 50 Lakh
  • Avail cancer care benefit
  • 58 Day care procedures covered

Covers all types of cancer at all stages with lifelong renewability option. If diagnosed with IV stage cancer or relapse, this plan pays 100% of SI as a lump sum.

Unique Features

  • Coverage for modern treatments
  • Second opinions available
  • Coverage for follow-up care

Care Cancer Mediclaim

Offers lifelong coverage against cancer and the cost of its treatment with several other benefits.

Unique Benefits

  • Annual Health Checkup
  • Chemo and radiotherapy cover
  • Air Ambulance Cover

Aditya Birla Cancer Secure Insurance

Designed to cover medical expenses incurred for the cancer treatment at all stages. The plan pays a lump sum amount to meet the cost of surgery, chemo, etc.

Unique Features

  • Up to 150% of cancer care cover*
  • No claim bonus
  • Age Limit: 18 - 65 years

Why do I need a specialized Cancer Insurance Plan?

Cancer is among the deadliest health issue across the globe. The changing lifestyle patterns have increased the risk of suffering from cancer. Investing in a Cancer Insurance Plan is important because of the high cost of cancer treatment, which usually goes on for a long time. The best health insurance plans might not cover what a cancer insurance plan offers. With the best cancer insurance policy, you can safeguard your future and soften the blow cancer treatments have on your financial situation. Both men and women benefit from investing in the best cancer insurance policy. Here are a few things that are offered under the best cancer insurance:

  • Coverage against all stages of cancer : Best Cancer Insurance covers all stages of cancer. Some of the best cancer insurance policies offer to pay some percentage of the initial cover amount upfront and all future premiums are waived off.
  • Avail dual benefits: Best Cancer Insurance Plans offer dual benefits of lump sum payment + Income in case of major stage diagnosis.
  • Waiver of Premiums: Best Cancer Insurance Plans require you to pay zero premiums after diagnosis of (major or minor) cancer and still be covered for the entire policy term.
  • Select your own cancer treatment: As an insured individual you do not need to look for a network hospital for your cancer treatment. Best cancer insurance plans give you the liberty to select your own doctor, hospital, and treatment.
  • High coverage at an affordable premium expense: Best Cancer Insurance plans offer a high amount of coverage at relatively affordable premiums.

How to choose the best cancer insurance plan?

To choose the best cancer insurance plan you need to keep in mind certain factors and make a smart investment in order to secure your future. Listed below are some of the factors to consider:

  • Claim Settlement Ratio: Every insurance provider has a Claim Settlement Ratio that indicates how many claims have been settled out of all the ones received. Before investing in the best cancer insurance policy ensure that the insurer has high CSR.
  • Consider the pay-out terms and conditions: The pay-out conditions are different under different cancer insurance plans for early-stage and major-stage diagnoses. An individual must choose the best cancer insurance policy that offers significant benefits for even minor conditions.
  • Coverage Term: As a policyholder you must take into consideration the insurance term that the best cancer insurance plan provides. As we are aware that most cancer treatments normally last a long time, the best cancer insurance plans are the ones with a longer term as they will be financially favorable for you and cover you for a longer period.
  • Cancer Insurance Plan Premiums: Policyholders must choose from renowned insurers that offer substantial cover at an affordable premium.
  • Consider the solvency ratio: The insurance companies are instructed to maintain the solvency ratio of 1.50 as per the rules and regulations laid out by the insurance regulator in India. It shows that the insurer is capable of paying out the policyholder's claims. Choose insurance providers with an impressive solvency ratio.

Cancer Insurance - Must have Financial Support

Let's dive deep to explore the significance and advantages of having cancer insurance.

These days, various general comprehensive health insurance plans cover critical illnesses, having cancer on the top of the list. It can be helpful in a scenario where the policyholder is diagnosed with a type of cancer. But such covers or add-on plans are not sufficient to bear cancer treatment expenses. These policies usually offer coverage for inpatient hospitalization and treatment at hospitals in India. They do not cover the entire cost of treatment. Also keeping the standard sum insured amount in mind which is INR 5 lakhs then it may become inadequate to meet the treatment requirements for a disease like cancer. Moreover, comprehensive individual or family floater plans generally come with some limitations in terms of the sum insured capping, or waiting period, etc. Therefore, cancer insurance becomes an ideal plan to ensure getting treatment sans financial burden.

5 Best Cancer Insurance Plans in India

How can I use the claim amount from this cancer insurance plan?

Starting with the basics of cancer insurance plans, their minimum entry age is 18 years and the maximum age is 65 years, and the renewability of the policy after 65 years of age varies from policy to policy. Some of the common forms of cancer covered by such insurance plans include breast cancer, ovary cancer, lung cancer, stomach cancer, hypopharynx cancer, and prostate cancer. But usually, skin cancer is not covered.

The cancer-specific insurances are highly beneficial as they come with higher sum insured ranging from INR 10-50 lakhs that are sufficient to undertake the expensive treatments. It includes cancer diagnosis and treatment such as hospitalization, radiation, chemotherapy, and surgery, to name a few.

These plans take care of early and advanced stages of treatment which saves the patients and their families from the financial and mental pressure. Since the cancer disease is defined based on severity, a certain percentage of the policy sum assured is paid in a lump sum depending upon the terms & conditions laid in a policy. Usually, to pay the cancer benefit, the disease is divided into different stages of severity. The insurance payout depends on the stage of cancer and claims previously admitted under the policy. Such insurance policies also offer free regular cancer check-ups during the entire duration of the policy term.

Some cancer care plans also offer the benefit of premium waiver in certain cases. In this waiver benefit, once a claim under the major stage cancer benefit clause is approved, all future premium payments for the policy are waived off for the rest of the policy term. However, such a facility is applicable only when all due premiums have been paid and the policy is active.

Moreover, another benefit of cancer care policies is that they are affordably priced compared to other types of health plans. Also, the policyholders can avail of exemption on tax under Section 80D of the Income Tax Act. However, generally, there is no death, maturity, or surrender benefit payable under such plans.

Health Insurance Companies

Why is Cancer Insurance Important?

Life doesn't run based on the assumption that some might catch the cancer disease and some might not because no one is sure about life and what disease it may carry in the future. Therefore, there are some parameters to analyze the requirement of this kind of a plan for oneself.

  1. Family Medical History

    Cancer is a kind of disease that increases the risk if it runs in the family. Hence, if a close relative has suffered from any nature of cancer disease then other family members might have a higher chance to have it too. Therefore, buying a cancer-specific plan in advance can help in dealing with this deadly disease in a better manner.

  2. Insufficient Funds

    As mentioned above, cancer treatment incurs a huge amount which can put pressure on your investments, therefore to safeguard your long-term investments and deal with the cancer disease without financial distress, it is imperative to have an insurance plan as a backup for emergencies.

Health Insurance Articles

Best Cancer Insurance Plans: FAQs

1. Why do I need a cancer specific insurance?

Cancer Health Insurance plans protect your family from the adverse effects that this diseases can cause emotionally, physically and financially. If you have family history of cancer, or you feel that you do not have adequate savings to pay large medical bills then it is a wise choice to buy a cancer specific policy.

2. Am I eligible to buy a cancer plan after being diagnosed with cancer?

No, it is nearly impossible to find an insurance policy that will cover someone who has already been diagnosed with cancer. However, you can add critical illness coverage to your existing health insurance plan.

3. Does health insurance cover the cost of chemotherapy?

A cancer health insurance plan is designed to satisfy the unique needs of a cancer patient while also ensuring your financial security. It provides comprehensive insurance coverage for diagnosis, treatment, hospitalisation, chemotherapy, radiation, and surgery.

4. How can I chose the best Cancer plan for myself?

To chose the best Cancer plan, it is essential for you to consider the below mentioned factors:

  • Check the sum insured
  • Check the policy tenure
  • Payouts of cancer insurance at different stages of cancer
  • Premiums
  • Clauses of waiting and survival period

5. What is not covered under a cancer health policy?

The insurance company will not pay any benefit to the policyholder if the diagnosed cancer was due to any of the following conditions:

  • Sexually transmitted diseases, such as HIV or AIDS
  • Congenital conditions
  • Intoxication by drugs or alcohol
  • Nuclear, biological, or chemical contamination, also referred to as NBC
  • Organ donation

6. I have a Health Insurance plan, do I need a Cancer Insurance Policy?

The need to buy cancer insurance online or offline arises due to high cancer treatment costs and the risks associated with the disease. Paying a cancer policy premium is a better alternative to basic health coverage for individuals at high risk of developing cancer.

7. Is radiation covered in Cancer Insurance?

Yes, the cancer plan covers the expenses associated with radiation.

8. Is chemotherapy covered by cancer insurance plans?

Yes, chemotherapy is covered by cancer insurance plans.

9. Can I purchase a cancer insurance plan after my cancer treatment?

No, you won’t be able to buy a cancer insurance plan after your cancer treatment. However, you can purchase a critical illness plan in order to cover cancer and other critical illnesses.

10. Does the cancer insurance policy nominee get any sum insured in case of the policyholder’s demise?

No, most cancer plans do not offer death benefits. It would be best if you read the policy documents carefully to understand their inclusions and exclusions.

What Our Customers Have to Say

Customer Review Image

Vishal Singh

Delhi

September 27, 2022

I want to thanks Atul Bhardwaj he suggested me good policy and provide me good comparison which help me to choose best plan...........

Customer Review Image

Sagar Jain

Delhi

September 14, 2022

Very Good Organization, Very Decent Staff. Sales team is very good, they are following clients in proper manner

Customer Review Image

Mahesh Malvesh

Delhi

September 14, 2022

Thanks Manoj for suggesting Best plan and even for your patience level with good knowledge and exp l..really happy to see policy x help and Good exp in industry.. Keep going Good always in fut...

Customer Review Image

Mohan Bhargava

Chandigarh

September 14, 2022

Best company I ve ever seen. Good service. Politely way of talk. An employee of policy x is Azhar (13272) a best advisor. Good knowledge about the product and companies.

Customer Review Image

Paewn kumar

Delhi

September 14, 2022

I got good services from rinku kumar in health insurance team he suggest good plan for my parents and family thank you so much policyx.com

Customer Review Image

Santokh Singh Sethi

Delhi

September 14, 2022

I was great experience with policyx, the way the compare the plan is very good and web site is also easy to understand... I will suggest go with Policyx only

Customer Review Image

Kakali Bagchi

Kolkata

September 14, 2022

The people who is seating in policyx.com are vary supportive and they guide for the best policy and they help after sale also

Customer Review Image

Subhro Jha

Hyderabad

September 14, 2022

It was great experiance with Policyx.com about the claims as i got rejection my claim from HDFC Ergo but after getting support of policyx.com i got my claim and the complete amount is given by...

Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.