• Term Life Insurance For Cancer Patients

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    Due to the nature of cancer as a disease, acquiring a suitable insurance plan that provides coverage for such cases can be a difficult task. Treatment for cancer patients can put severe strain on the financial resources of the individual as well as their families due to the high expenses involved during different stages of treatment.

    While it is next to impossible to procure an insurance policy that covers an individual already diagnosed with cancer, it is possible to acquire a critical illness cover with a health or life insurance plan that provides coverage for those who are yet to be diagnosed with the disease and who wish to be protected in the eventuality of such an event taking place in future.

    General Features of Term Insurance for Cancer Patients

    While term insurance for cancer patients differs from one company to another, there are a few salient features that could be considered to be fairly commonplace:

    • The insurance policy covers cancer in most of its forms, whether the disease is at an early stage or at a later, more advanced stage

    • These policies help clients meet expenditures relating to hospitalization, radiation, medical treatment, chemotherapy etc through cash payments

    • Tax benefits under section 80D can be availed by the policyholder as per existing Income Tax Laws

    • These insurance plans usually offer customers large coverage, ranging from Rs 15 lakhs to Rs 50 lakhs

    • They cover most common forms of cancer such as breast cancer, lung cancer, ovary cancer etc

    Benefits of Term Insurance for Cancer Patients

    Once again, the benefits offered to cancer patients vary from one insurance company to another. However, some of them offer the following benefits

    • Some term insurance policies offer cancer patients waiver benefits depending on the case. Under such circumstances, future payments towards premiums are waived off for the remaining term of the policy

    • Some term insurance policies offer free cancer screening, which take place through tests done at hospitals or medical centers. These screenings can be done throughout the duration of the policy term

    Eligibility Requirements for Term Insurance for Cancer Patients

    For most policies regarding cancer treatment, the following eligibility criteria is required to be met by the client:

    • The minimum entry age of the client should be at least 18 years

    • The maximum entry age of the client should be at least 65 years

    • The minimum Sum Assured allowable to the policy holder is Rs 5 lakhs

    • The maximum Sum Assured allowable to the policy holder is Rs 50 lakhs

    • Some policies offer clients the option of renewability of the policy after they attain the age of 65 years

    • Cancer specific policies are generally less expensive as compared to other health insurance policies

    • Premiums paid under cancer specific policies are also eligible for tax benefits

    Popular Term Insurance Plans For Cancer Patients

    Some of the more popular cancer specific term insurance plans are:

    • Cancer Care Plus by ICICI Prudential Life Insurance - This is an affordable term insurance policy wherein the client is offered a minimum Sum Assured of Rs 5 lakhs and a maximum Sum Assured of 25 lakhs with policy terms ranging from 10 to 50 years. The policy also offers free cancer screening.

    • HDFC Life Cancer Care - This term insurance plan offers clients the option to choose from 3 different types of plans based on their specific requirements, with an insurance cover of up to Rs 20 lakhs. Clients can also avail of discounted rates should they go in for a higher sum insured.

    • AEGON Life iCancer Insurance Plan - This term insurance plan offers customers coverage against all types of cancer with the exception of skin cancer and gives policyholders pay-outs at all stages of cancer treatment.

    Customer Reviews

  • Page 1 of 50 1 2 3 4 5
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. I pay a premium of 1 lac per year, it is so easy to make payments through the revamped LIC payment interface. I never faced any problems with their service and as it is run by the govt the service is trustworthy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 21, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've been using the LIC Jeevan Saral life insurance policy from the LIC. I pay a premium of Yearly 85000, the premium gets auto debited from the account. I never had any issues with their services. LIC is a recommendable insurance provider as it is run by the Government.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 21, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've been using the LIC Jeevan Umang Life insurance policy for a while. I pay a premium of 8700 per year, The tenure of this policy is 15 years. The premium gets auto debited from the account. I never had any issues with the services of LIC.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 21, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy for a while. I am paying a premium of 7000 Per year, my agent makes payment for this policy via cheque. I never had any issues with the service so far. LIC is a reliable insurance provider as far as I am concerned.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 21, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've been using the LIC Jeevan Anand Life insurance policy for a while. I am paying the premium of 10000 every 6 months. I never had any issues with their services. It is also easy to make payments. Being a govt run company the security for your money is guaranteed with the LIC.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 21, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my life insured with LIC from last 1 year and it is a long term policy. The tenure for this life insurance policy is for 20 years. I pay my premium once in 3 months by cash and i am convenient with the payment options. I am happy with the returns and benefits of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 21, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 3.0/5 "Satisfactory"
      I have my life insured with LIC from last 8-9 years and it is a money back policy. I am happy with the coverage and returns of this policy; I pay my premium once in 3 months through net banking and i am satisfied with the terms and conditions of this policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 21, 2018
    • LIC Life Insurance
      "Trusted Policy"
      0.5 3.0/5 "Satisfactory"
      I do online payment for this LIC policy. Good life secured policy. I found LIC is trustworthy to invest. I've been holding this policy more than 8 years. Risk coverage policy. Accidental and death benefitable policy. I used to pay the premium of Rs. 5000 every month. Its a life time policy. After 60 years it will get matured. I will get a sum assured amount of Rs. 10 lakhs
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I am using the life insurance policy from the LIC for which I am paying a premium of almost 1 lac. Their services are good and never faced any issues so far. The payment options are also nice with the LIC. Being a Govt company the security for investment is certainly there with the LIC,
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've been using the LIC Bharti Jeevan Policy for a while. I pay a premium of 21000 per year. I make payments Via Cheque.. The service is good. No issues so far. The tenure of the policy is 15 years. Overall it has been a hassle free experience with the LIC and their services.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2018
    • Exide Life Insurance
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I've been using the Life insurance policy from the Exide Life for a while. The response is not good. I pay a premium of 2000 per year via ECS. The premium gets auto debited from the account as it is more convenient for me. So far it has been a useful insurance policy to have.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a life insurance policy with the LIC. I am paying the premium 11000, per year. The service good. It is so easy to make payments for this policy. I never faced any issues with their services. Being a govt company the security for my investment is guaranteed with the LIC.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • Max Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the Max Life and I pay a premium of 600 per Month, I make payments online and the sum assured is 1 Crore. My friend is an agent and never faced any issues with their service so far. Overall it has been a hassle free experience with them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've been using the LIC Jeevan Tarang Policy for a while. It is take for my children. The tenure of the policy is 18 years. It can also be converted to a pension scheme where my children will be getting 28000 per year as a part of the plan. It is a useful policy and recommendable.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've been using the LIC Bhima Gold Money back policy for a while now. I will get cash back every 5 years via DD. I pay a premium of 700 monthly for this policy. It is a very useful policy considering the low premium I pay. Overall it has been a good experience with the LIC and their services.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a Jeevan Anand policy with the LIC. I am paying the premium of 500 per month. It is too easy to make payments and I never faced any issues with their services. Being a govt company the security is there with the LIC Overall it has been a good experience .
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      I got the life insurance policy long back. This policy has the tenure of 20years. The plan benefits and the coverage is good with this policy . I would say i am satisfied having the Life insurance policy with Life Insurance Corporation of India.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Wonderful"
      0.5 3.5/5 "Pretty good"
      I am having the life insurance policy with the LIC of India. I would like to say that the customer service is good one and the response is better one too. Policy coverage value is good too with them. I am happy with the LIC of India.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I am having the Life Insurance policy with the Life Insurance Corporation of India. I would like to say that the customer service is also very good too and the response is good too. Coverage value is fine one too with the LIC of India.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 20, 2018
    • LIC Life Insurance
      "Best"
      0.5 4.5/5 "Excellent!"
      Customer service is not experience with the Life Insurance Corporation of India, Policy coverage is good and I have taken two policy with the Life Insurance Corporation of India. Everything is better one with them till now.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 20, 2018
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