Health Insurance 9747 views February 6, 2020

Best Cancer Insurance Plans in India

Cancer is a deadly disease and it has been increasing at a very fast rate in India. Though health insurance plans cover cancer-related treatments, the treatments require intensive hospitalisation which may drain all your resources. Hence it is necessary to take a cancer insurance plan along with a health insurance plan to cover and meet the high expenses to cure it.

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Top 10 Best Cancer Insurance Plans in India

Many insurance companies provide cancer Insurance plans with unique features and benefits. Let’s discuss the top 10 best cancer insurance plans in India.

Max Life Cancer Insurance Plan

Max Life Cancer Insurance Plan has benefits which spread over the first three stages – the CIS stage, the early stage and the major stage.

  1. In the first two stages of the plan, 20% of the index sum insured is paid as a lump sum benefit and the future payable benefits of the plan are written off.
  2. The remaining amount of the policy is payable if the cancer is not cured and develops into the critical stage.

Aegon Life iCancer Insurance Plan

  1. Aegon Life iCancer Insurance Plan covers all the stages of cancer.
    In minor and CIS stage, each claim under the policy will receive the benefit of 25% of sum assured up to a maximum of 5 lakh rupees per claim. No waiving off of the future claims is available at this time.
  2. In the major stage, after deducting previous claims amounts 100% of the claims would be paid and all future premium payments will be waived off.
  3. At the final stage, 150% of the claim is paid out after subtracting the previous claims pay-outs.

HDFC Life Cancer Care Plan

HDFC Life Cancer Care Plan offers three variants of cancer insurance plan which includes Silver, Gold and platinum and each variant has different premiums and benefits.

  1. In the silver plan, in the early stage or the CIS stage, the premiums are waived off for the next three years and 25% of the sum insured in the policy will be paid out. In the major stage, 100% of the sum assured will be paid out.
  2. In the gold plan in addition to silver benefits, 10% of the sum insured will rise every year until a policy claim arises.
  3. The platinum plan is an addition to the gold plan benefits in which a monthly amount will be paid which is equal to 1 % of the sum insured.

Bharati AXA Cancer Insurance

Bharati AXA Cancer Insurance does not require a medical check-up prior of buying the policy and covers all the stages of cancer.

  1. The claim under this policy can be made three times a year.
  2. The whole sum assured is payable under this plan on the diagnosis of Cancer.

SBI – Sampoorn Cancer Suraksha

SBI – Sampoorn Cancer Suraksha has three options. The standard option covers the minor and major stages of cancer. The classic option covers the minor, major and the advance stages of cancer and the enhanced option cover all the stages of cancer.

  1. This claim of the policy will be rejected if the cancer is diagnosed within 180 days of buying or renewing of the policy and also if the insured dies within 5 days from the date of diagnosis.
  2. No medical test is required before buying this policy

LIC Cancer Cover Plan

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

  1. The plan is available online into the official website of LIC
  2. The plan offers two benefit options in which you can choose your Sum Insured at the inception of the plan.

DHFL Pramerica Life Cancer + Heart Shield Plan

The DHFL Pramerica Life Cancer + Heart Shield Plan is a non-participating, fixed benefit, non-linked policy. There are four coverage options under this policy which includes Cancer Shield, Heart Shield, Cancer & Heart Shield, and Comprehensive Shield.

  1. The policyholders can choose a coverage option according to their requirements.
  2. Upon diagnosis of a covered disease, a fixed benefit is paid out to the policyholder.

Exide Life Sanjeevani Plan

Exide Life Sanjeevani Plan offers comprehensive coverage when the insured is diagnosed with cancer. The policy has two plan options which offer you to choose one at the time of inception of the plan

  1. Upon diagnosis of cancer, a pay-out will be made which will be based on the severity of the condition.
  2. Claims made during the waiting period of 180 days will not be paid out.

Aditya Birla Sun Life Cancer Shield Plan

Aditya Birla Sun Life Shield Plan is a cancer insurance policy which provides coverage for all stages of cancer whether it is the early state or major state cancer.

  1. This plan is a traditional non-participating plan.
  2. It offers two options to choose from- the Level sum assured or Increasing sum assured.

ICICI Pru Cancer Protect Plan

ICICI Pru Cancer Protect Plan provides coverage from the beginning of the Cancer diagnosis. It includes free cancer screening, medications, chemotherapy cost, PET-CT scans, targeted therapy, etc.

  1. Payment for cancer diagnosis of any of the covered minor/major conditions
  2. 1% of the sum assured in the policy is paid as additional income for 5 years upon diagnosis of major conditions


The above mentioned top 10 cancer insurance policy in India specifically cover cancer but each has its unique benefit and feature. The coverage of each plan also differs from each other. Hence you must choose a plan which best suits your requirement and need.

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