5 Best Cancer Insurance Plans
  • Top 5 Cancer Insurance Plans
  • All Stage Cancer Coverage
  • Hospitalization Not Required For Claim

Get Quotes From Top Insurers



Cover For
D.O.B (eldest member)



Phone No.

By proceeding you are accepting our privacy & terms

5 Best Cancer Insurance Plans In India

Life is full of uncertainties with a capacity to take a toll on our health. Along with unforeseen stress and emotional pain, it also brings financial instability to our lives. Hence, it is imperative to remain prepared in advance to tackle the critical illness at the time of need. One such illness is cancer, which increases the need for a plan to back our finances.

With Cancer Insurance Plans, one can cover the various costs with respect to the diagnosis of cancer, treatment, hospitalization, chemotherapy, radiation, surgery, etc. In such scenarios, the money is payable at various stages of cancer diagnosis, including minor, major and critical stages. This can help you focus on recovery instead of worrying about the cost of treatment.

List of Top 5 Cancer Insurance Plans in India

The below table demonstrates a list of top 5 cancer insurance plans in India that are covered by 5 different insurance providers. They are chosen based on the highest Incurred Claim Ratio as per IRDAI report 2018-2019.

Company NameInsurance PlanAge at EntrySum Insured/AssuredIncurred Claim Ratio *2018 - 2019
LIC of IndiaLIC Cancer Cover20 years – 65 yearsRs. 10,00,000 to Rs. 50,00,00097.79%
Max LifeMax Life Cancer Insurance Plan25 years – 65 yearsRs. 10,00,000 to Rs. 50,00,00098.74%
HDFC Life InsuranceHDFC Life Cancer Care5 years – 65 yearsRs. 10,00,000 to Rs. 50,00,00099.04%
SBI LifeSBI Sampoorna Cancer Suraksha6 years – 65 yearsRs. 10,00,000 to Rs. 50,00,00095.03%
ICICI PrudentialICICI Pru Heart and Cancer Insurance18 years-60 yearsRs.25,00,000 for heart cover & Rs. 50,00,000 for cancer cover98.58%
  1. LIC Cancer Cover

    By paying a regular premium for this health insurance plan, you can avail financial protection in case you are diagnosed with any of the specified early and/or major stage cancer during the policy term.

    Features and Benefits

    • Flexibility to choose between two benefit options – Level Sum Insured and Increasing Sum Insured.
    • Get 25% of applicable sum insured as lump sum benefit and premium waiver benefit upon diagnosis of Early Stage Cancer.
    • Get 100% of applicable sum insured as a lump-sum benefit, income benefit of 1% of applicable sum insured and premium waiver benefit upon diagnosis of Major Stage Cancer.
  2. Max Life Cancer Insurance Plan

    This covers the cost of cancer treatment, which is very expensive and can easily turn into a huge financial burden on not just you but also your family.

    Features and Benefits

    • 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 in.
    • Have your sum insured increased by 10% for the first 5 claim-free years at no extra cost?
  3. HDFC Life Cancer Care

    This plan by HDFC life offers a lump sum benefit in case the life insured is diagnosed with cancer and helps protect their income and savings from the burdening medical expenses.

    Features and Benefits

    • Eligibility to choose from 3 different plan options that cover you with varying benefits – Silver, Gold and Platinum.
    • Flexibility to pay your premium at your choice of frequency – annual, half-yearly, quarterly or monthly.
    • Avail waiver of premium benefit for a period of policy years upon diagnosis of early-stage cancer.
  4. Check Health Insurance Premium
    Check Health Insurance Premium
  5. SBI Sampoorna Cancer Suraksha

    This individual, non-participating and non-linked health insurance plan helps you prepare yourself financially in order to defeat cancer with complete reliability and affordability in place.

    Features and Benefits

    • Flexibility to avail 1.20% of sum assured as monthly income for 3 years instead of 40% of sum assured payable upon diagnosis of major stage cancer.
    • Choice of availing second medical opinion from a panel of medical experts.
    • Avail 5% discount on your premium upon online purchase.
  6. ICICI Pru Heart/Cancer Protect

    You can now cover the cost of your cancer treatment with the help of this insurance plan that is unlike any other traditional health insurance plan as it provides a lump sum payout without any medical bills.

    Features and Benefits

    • Avail 5% discount on your first year of premium when you buy the health cover for yourself and your spouse.
    • Get a 5% loyalty discount on your first year of premium in case you are an existing customer holding another policy with ICICI Prudential Life Insurance.
    • Get a waiver of premium upon diagnosis.

With the above top 5 insurance plans covering cancer treatment under Critical Illness Insurance, you can lead a stress-free recovery period without burdening yourself and your loved ones with financial insecurity.

Published : 26 December 2019

Written By : Naval Goel

Last Updated : 04 February 2021

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.