iGet claim amount immediately on detection of Cancer$

Cancer can happen to any one! With our large cover amount, a small payment today can help you win over cancer tomorrow.

What is Cancer Insurance?

A health plan which gives you the claim amount immediately on diagnosis of Cancer, without asking for medical bills. You can use the claim amount for a treatment of your choice.

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Why do I need it?

Cancer is one of the most unpredictable as well as expensive disease to treat and can put anyone under huge strain of finances. It can strike anyone at any time.

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How to use the claim amount?

Our reliable cancer insurance plan gives you money immediately on diagnosis and complete freedom to spend the money the way you want.

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How much is the recommended cover?

We recommend a minimum Rs. 20 Lakh as cancer insurance cover.

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All Benefits


Buy a cover for you and your spouse and get 5% discount on 1st year's premium~~ + get additional 2% online discount

What does cancer insurance cover?

Cancer insurance is a specialised form of health insurance for cancer patients. It offers critical financial protection in the case of a cancer diagnosis. Cancer insurance covers a range of expenses, including hospitalisation, surgery, chemotherapy, prescription drugs, pre- and post-hospitalisation care, ambulance services, room rent and more.

Such comprehensive insurance for cancer patients helps individuals and families deal with the staggering costs of cancer treatment.

Types of Cancer Covered by ICICI Pru Heart/Cancer Protect Plan

A cancer insurance plan like ICICI Pru Heart/Cancer Protect covers a wide range of cancers, including but not limited to Carcinoma in Situ (CIS), early-stage cancers, malignant tumours, thyroid cancers, chronic lymphocytic leukaemia, gastro-intestinal stromal tumours, breast cancer, skin cancer and others.

What is cancer insurance and why do I need cancer insurance?

Cancer – One of the most deadly diseases in the world today. Unfortunately, it is also one of the most expensive to treat and one that you are least prepared for. It can strike anyone at any time.

11 Lakh+ cancer patients are registered every year in India##. Cost of treatment is continuously rising#. E.g. Price of cancer drugs has risen from ₹ 8,000 to ₹ 1.08 lakh in the last 10 years#

If you take a moment, you will definitely remember a friend or family member who has experienced this tragic condition. Today with modern medicine, people can fight cancer but the costs associated with the treatment and recovery can be a huge strain on your finances.

To take care of these costs, you need a plan that offers a lump sum payout$ on detection (without any medical bills). This cash payout can help to pay for your medical costs and ensure that your income never stops. You can use this amount for treatment of your choice, with doctor and hospital of your choice, locally or abroad. All this at extremely affordable premiums.

ICICI Pru Heart/Cancer Protect cover

This plan can be bought
online from the comfort of your home or office.

You don't need to undergo a medical test to buy this plan.

₹ 20 lakh Cancer cover for 20 year policy term @ less than ₹ 4/day"


I already have a health insurance/ Mediclaim plan. Why do I need additional cancer insurance cover?

You can consider buying a cancer insurance plan if you identify with any of the following points:

  • Cancer Runs in your Family:

    If any form of cancer runs in your family, you may also be at risk of suffering from the same illness. In this case, it can help to be prepared by purchasing a cancer insurance plan
  • Rising cost of cancer treatment:

    The costs of treatment of critical illnesses like cancer have been rising significantly. Combined with the long-term care required by patients’ post-treatment, these can quickly deplete your savings. Buying cancer insurance can be a good way to secure your savings at an affordable cost
  • You have insufficient savings or financial backup:

    Purchasing a cancer insurance plan can be particularly important if you lack adequate savings. A critical illness like cancer can cause immense financial pressure that can be hard to handle without any financial backup
  • Your regular health insurance policy does not have sufficient coverage:

    If your regular health insurance plan does not provide a critical illness cover or if it offers a low sum assured, you can purchase an additional cancer insurance plan for better financial security
  • You are the only earning member:

    Cancer insurance can also be vital for the sole earning members of a family. Cancer can inhibit your ability to work. In such a case, the insurance money can help your loved ones cover the costs of your treatment

How can cancer or heart disease affect you?

  • High Medical costs:

    The diagnosis and treatment for cancer and heart diseases are extremely costly. Post-treatment costs for cancer can also be high. These can deplete your savings and hamper your financial goals. They may also force you to let go of your future financial dreams

  • Temporary loss of income:

    Cancer and heart disease can interfere with your day-to-day activities by consuming all of your time and energy. Regular visits to the hospitals can be time-consuming. The rest and recovery after the treatment can also be long term. Moreover, your health deteriorates and forbids you to work and earn resulting in the loss of income

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

You get the claim amount on diagnosis of cancer, without the need to submit any medical bills. Which means, you are free to use the claim amount as you like – for a treatment of your choice and at a hospital of your choice, in India or abroad. You can also use this amount for covering your cost of medicine or simply as a replacement of your income during the treatment period. No questions asked.


How much is the recommended cover amount for cancer?

Your ideal cancer insurance amount should be based on future cost of treatments, including recovery, medicines, hospitalisation, additional living expenses and diagnostic tests.

Buy ICICI Pru Heart/Cancer Protect


Total cost of Cancer Treatment

₹ 23 LAKH approx.

  • Chemotherapy per cycle1:

    ₹63,500 - ₹1,90,500
  • Targeted therapy of 5-6 sessions2:

    ₹20 LAKH
  • PET-CT scan1:

    ₹19,050 - ₹28,575

Be financially secured with ICICI Pru Cancer Insurance


Benefits of cancer insurance

Packed with consumer-friendly feature, cancer insurance comes with 6 distinct benefits

 High cover at affordable premium

A Cancer protect cover of ₹ 20 lakh for 20 year policy term costs less than ₹ 4 per day (inclusive of taxes).

 Payout on diagnosis

Get 100% payout$ on diagnosis of major cancer conditions and 25% for minor conditions (early stages of cancer), irrespective of actual medical bills.

 Waiver of premium

Pay zero premiums## after diagnosis (minor or major) and continue being covered for the entire policy term.

 Long-term policy

Get cover upto 40 years.

 Treatment of your choice

No need to look for a network hospital. You can choose the hospital, doctor and treatment of your choice with the payout amount. No co-payment limits apply.

 Save Tax

You can claim tax deduction^ for premiums paid towards this plan under Section 80D of the Income Tax Act.

What do you get with this cancer insurance plan?

Below are some features and inclusions of a cancer insurance plan:

  • Coverage against all stages of cancer:

    This cancer insurance plan offers comprehensive protection that covers you financially against all stages of cancer. From early detection to advanced stages, you have financial support throughout your cancer journey
  • Dual benefit of lump sum payout + income@ if major stage diagnosed:

    In the unfortunate event of a major-stage cancer diagnosis, cancer insurance provides you with a lump sum payout to help cover immediate expenses. Additionally, it offers regular income for financial stability during your treatment and recovery
  • All future premiums are waived if cancer is detected at an early stage:

    In case of an early-stage cancer diagnosis, the cancer insurance plan waives off all future premium payments. This helps you focus on recovery without worrying about the premium
  • Long-Term Coverage:

    A cancer insurance plan provides long-term coverage that offers you better protection and financial coverage
  • Tax* Benefit:

    Cancer insurance offers deduction on the premiums paid subject to conditions prescribed under Section 80D* of The Income Tax Act, 1961

When Should You Buy Cancer Insurance?

The ideal time to purchase cancer insurance, like many other types of insurance, is generally as early as possible. This is because, the younger you are, the lower your premiums are likely to be. If you wait until you have a pre-existing condition, it may be more challenging to obtain coverage at an affordable cost.

How does cancer insurance work?

The above mentioned illustration is for a 30 year old healthy male for a policy term of 20 years for ₹ 10 Lakh Cancer Cover. The total yearly premium amount will be ₹ 826 inclusive of taxes

How to choose cancer insurance plan?

Claim settlement ratio
Solvency ratio
Payout on minor conditions
Affordable premium
No-claim year benefit

Each company has their own claims settlement ratio. Finding out the number will help you understand how many claims for life insurance have been paid out as a proportion of claims made. The higher this ratio is, the better it is. For instance, ICICI Pru Life has a claim settlement ratio of 97.8%** for FY 2022.

ICICI Pru Life has a claim settlement ratio of 97.8%** for FY 2022.

Insurance claims are paid by the insurance company. Financially capable insurers are the best. Solvency ratio tells you whether the insurer you will choose for a cancer insurance plan is financially capable of settling your claim if and when the need arises. As per insurance regulator IRDAI rules, every life insurer should maintain a solvency ratio of at least 1.5. For example, ICICI Pru Life has a solvency ratio of 2.05^^.

Cancers can be split into two types - minor condition and major condition. None of us know what type of cancer will happen to us. Hence, buy a cancer policy that gives the most benefits even for minor conditions. For instance, ICICI Pru Heart/Cancer Protect gives up to 25% of the sum assured on diagnosis of the covered minor conditions. So, if your sum assured is ₹ 40 lakh, you can get up to ₹ 10 lakh.

Cancer treatment is high, but cancer insurance premium should be affordable. It is important to buy a cancer insurance plan that you can continue with for as long as you want. Plans with affordable premium are light on your pocket. Did you know a 25-year old can get ₹ 20 lakh cancer insurance cover for ₹ 4/day for 20 years Yes, it is possible with ICICI Pru Cancer Protect. If you add your spouse, you can get 5% discount.

Cancer is quite prevalent in India, but it may not immediately occur. As a result, cancer insurance policy will have no-claim years. The best cancer insurance policy will give increasing cover benefit for every no-claim policy year. For example, ICICI Pru Heart/Cancer Protect gives 10% boost to cover for each and every no-claim year. Cover increases upto 200% of the cover chosen at inception, till the time a claim is made. So, a ₹ 30 lakh cancer cover with 5 no-claim years can become a ₹ 45-lakh policy.

Things to Consider Before Buying a Cancer Insurance Plan

When considering the purchase of a cancer insurance plan, there are several important factors to keep in mind:

  • It is essential to understand which specific types of cancer are covered by the policy
  • The premium for cancer insurance can vary basis factors such as your age, gender, health history and the coverage amount. You must compare quotes from different insurers to find a plan that fits your budget
  • Make sure to determine how much coverage you need, depending on potential medical expenses, including treatments, hospitalisation, ambulance costs and other associated costs
  • Remember to review the policy's terms and conditions to identify any exclusions or limitations

Documents required for buying cancer insurance

Below are the documents required to buy cancer insurance:

  • Proof of age, like a birth certificate or passport
  • Government-issued photo ID, like a passport, driver's license or Aadhaar card
  • Address proof, such as passport, driver's license, utility bill or Aadhaar card
  • Medical check-up reports
  • A recent passport-sized photograph

How to buy cancer insurance online?

  • Visit the website of the insurer
  • Browse to the Plans section
  • Select the Plan you want to buy
  • Click on the "Check Premium"
  • Enter your age, occupation, gender and other relevant information
  • Compare quotes according to the features you select
  • Once satisfied, proceed to make the payment securely online

Cancer Insurance FAQs

Are cancer insurance policies worth it?

Diseases like cancer are unfortunately becoming quite common nowadays. While timely medical intervention can help you defeat cancer, the cost of treatment can eat up your life savings.
Cancer insurance policies like ICICI Pru Heart/Cancer Protect offer payouts on the diagnosis of cancer, irrespective of the actual expenses occurred. You can use the payout to get the treatment of your choice without having to take costly loans or depleting your existing assets. The payout can also supplement your income while you recover. Not just this, you also get tax benefits on the premiums paid! It is thus definitely worthwhile to buy a cancer insurance policy.

What is the maximum maturity age under cancer insurance plans?

The maximum maturity age for ICICI Pru Heart/Cancer Protect plan insurance cover is 75 years, as on your last birthday.

Can cancer patients get insurance after the diagnosis?

No, you cannot get insured if you have already been diagnosed with cancer while buying the policy.

Are cancer insurance policies taxable?

Tax* benefits for cancer insurance policies are subject to the conditions mentioned under Section 80D of the Income Tax Act, 1961. Under the provisions of this Act, the premiums paid for cancer insurance are deductible from taxable income. If you are below 60 years of age, you can claim deductions up to ₹ 25,000 from your taxable income. Senior citizens over the age of 60 years can avail of deduction up to ₹ 50,000. You can also claim tax* benefits for the premiums that you pay for your parents cancer insurance.

Are there any network hospitals that the company has tied up with, where I can get treatment?

The policy pays out a lump sum amount on diagnosis, and has no bearing on where the treatment is carried out. You can use this amount to get treated at a hospital of your choice, with a doctor and treatment of your choice.

Can I cover my spouse within the same policy?

Yes, you can cover your spouse under the same policy, availing a 5% discount on the first year’s premium. Also, unlike a family floater, the covers of both people would remain independent of each other, with the option to choose different cover amounts for each.

Does the family get any sum assured upon the policyholder's death?

The cover amount would be paid out irrespective of if death occurs or not, if the policyholder has been diagnosed with cancer.

How long does it take to get the reimbursement?

This plan pays out on diagnosis of the cancer, and hence does not require you to pay bills to claim. You just have to produce medical records of diagnosis/doctor’s certificate of diagnosis, to receive the payout.

What types of cancer are covered in this plan?

Cancer insurance plans cover both minor conditions as well as major stages of cancer. So, early stage cancers, carcinoma-in-situ of any organ (except skin) and cancers of specified severity are all covered. Sometimes, cancer patients recover from minor conditions but then again faces a remission i.e. are again affected by major condition cancer. To solve this problem, cancer insurance pays out on every stage. So, even if you have been paid 25% of the money due to diagnosis of minor stage cancer, ICICI Pru Heart/Cancer Protect allows the rest amount to be claimed if the cancer comes back from remission to affect the person at a higher severity i.e. major stage.

How does this policy payout the cover amount?

The policy pays out the amount on diagnosis of cancer, irrespective of the stage (early or advanced). At early stages of cancer, the policy pays out 25% of the cover amount and continues its cover until the policy term. If unfortunately, the cancer grows to an advanced stage, it pays out the remaining 75% to the policyholder and the policy terminates. In case cancer is detected at an advanced stage, then the policy pays out the entire 100% of the cover amount as lump sum on diagnosis.


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$ Lump sum payout will be paid on diagnosis of any of the covered conditions. This payout is based on the level of the condition:

Level Payout (as a % of sum assured)
Minor condition 25%
Major condition 100% less earlier minor condition claims payout, if any

In any case, the total payout in the policy cannot exceed 100% of the sum assured of the cover selected (200% of the sum assured in case if the customer has opted for increasing cover benefit). Please refer to the sales brochure to know more about the conditions covered

θ The Company shall waive all future premiums on a claim of minor condition under the chosen cover or in case of permanent disability of the life assured due to an accident. The benefit is available only if the policy is in force as on the date of diagnosis of the condition/at the time of accident.

* Tax benefits are subject to conditions prescribed under Sections 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.

@ This benefit is applicable only if the income option is chosen.

**Claim statistics are for Financial Year FY2021-22 and is computed basis individual claims settled over total individual claims for the financial year. For details , refer to our Annual Report for FY2022

^^As per Annual Report for FY2022

~~A discount of 5% on the first year’s premium will be offered on purchase of ICICI Pru Heart/Cancer Protect when life assured and his/ her spouse is covered under the same policy. The policy benefits of both the Lives Assured shall be independent of each other. The Sums Assured of both the lives could be different. A claim made by one Life Assured under the policy does not affect benefits of other Life Assured. This Family benefit has to be chosen at the inception of the policy only, spouse cannot be added once the policy is issued. This discount is not applicable on Single Pay Policy. With one policy, you can avail either Family Benefit or Loyalty Benefit.

##11 Lakh+ cancer patients are registered every year in India. Source: http://cancerindia.org.in/cancer-statistics/

#Cost of treatment is continuously rising. For e.g., Price of cancer drugs has risen from 8000 to 1.08 lakh in the last 10 years. Source: http://www.dnaindia.com/india/report-cancer-drug-price-goes-up-from-rs-8000-to-rs-108-lakh-2022667

1Source: http://www.indiahealthcaretourism.com/average_cost_of_treatment.php

2Source: http://www.medgurus.org/cost-of-Cancer-treatment-in-india/

3 Cancer - https://www.who.int/health-topics/cancer#tab=tab_1

4 Am I more at risk if my relatives have cancer? - https://www.nhs.uk/common-health-questions/lifestyle/am-i-more-at-risk-if-my-relatives-have-cancer/

5 Critical illness treatments are costly: Here's how to fund these and insure against them-

ICICI Pru Heart/Cancer Protect UIN: 105N154V03 (A non-linked non-participating health individual pure risk product)

ADVT: W/II/0477/2022-23

ADVT: W/II/0945/2023-24

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