Best Life Insurance for Cancer Patients in 2022

Best Life Insurance for Cancer Patients in 2022

Wondering what will happen if you get diagnosed with a dreadful disease like cancer? How would you tackle the expenses? If these thoughts are running through your mind, then you need to land yourself with the best cancer insurance. A life insurance plan for cancer patients provides you with the assurance that your loved ones will be safeguarded from a potentially terrible financial burden if you die. You will not leave behind your surviving loved ones with a large payment for your final costs if you have an adequate life insurance plan.

Finding a life insurance plan after a cancer diagnosis can be especially difficult, and it can be tough to find the best life insurance for cancer patients with appropriate coverage at a reasonable price. To assist, we at Bharti AXA Life Insurance investigate numerous solutions, weighing variables such as coverage options, cost, industry rankings, and provider network. So, worry not! We are here to help you out in every circumstance and provide the best life insurance for cancer patients.

What Is Life Insurance for Cancer Patients?

Many of you might be haunted by the question – Am I still eligible for a life insurance plan even if I am diagnosed with cancer? People even after being diagnosed with this horrifying illness can still apply for a life insurance plan. The terms of the best cancer insurance depend on the kind of cancer, treatment options, and prognosis. Getting protected can provide valuable financial security for you and your family. This type of life insurance policy will cover any stage of cancer may it be at an early stage or a more advanced stage. This type of insurance policy can offer you a large coverage that will help you to meet expenses related to medical treatment, radiation, chemotherapy, hospitalization, and other such expenses.

How Can I Get Life Insurance After a Cancer Diagnosis?

Your chances of acquiring a life insurance plan are heavily influenced by whether you are presently receiving treatment or how recently your treatment was completed. Your odds are also heavily influenced by your cancer's history, type, stage, treatment, and grade. A life insurance policy will eventually consider your cancer's curability, severity, and therapy. Certain cancers are regarded to be extremely low risk, and a history of these may have no effect on premiums or insurance at all. Other sorts of higher-risk cases may result in a bad rating (meaning you may pay more) or even be declined for the policy.

Most cancer patients choose a guaranteed issue insurance policy designed for people with a critical illness as it is a great option for those who are presently undergoing treatment or have a history of severe cancer. A critical illness life insurance plan is a type of life insurance that does not require any medical underwriting.

How Much Does Life Insurance Cost for Cancer Patients?

A cancer life insurance plan can protect you from cancer for as little as Rs 2 each day. This is for a 30-year-old healthy non-smoker male who paid a lump sum annual premium for a life insurance policy term of 10 years with a sum assured of 10 lakhs.

The earlier you purchase, the lower your cancer insurance premium will be. Let us consider Mr. A, a 30-year-old salaried professional who lives a healthy lifestyle and is a non-smoker. He would have to pay an annual regular premium of 1,144 plus taxes for a pay-out promise of 20 lakhs for a policy term of 20 years.

Mr. B, a 35-year-old healthy non-smoker, paid professional, would have to pay a cancer insurance premium of 3,552 plus taxes every year if he purchased the same plan for a total assured of 20 lakhs over a policy period of 20 years. In the absence of a life insurance plan to protect you against this life-threatening condition, the cost of purchasing cancer insurance turns out to be less expensive than paying for cancer treatment out of pocket.

 When Can I Buy Life Insurance as a Cancer Survivor?

Because cancer is such a terrible condition, cancer survivors must usually be in remission to qualify for low-cost life insurance plan rates. Typically, this implies you have been completed treated and have been cancer-free for five years, but the exact amount of time varies based on the type of disease and the insurer. People who are predicted to live longer lives are eligible for lower-cost life insurance policies. As a result, age, health, occupation, and family history all play a role in setting your life insurance rate. The Critical Illness Insurance Plan is perfect for any patient who is dealing with cancer. These insurance plans require no medical which makes obtaining the policy a quick and hassle-free process. Other life insurance plans of ours are also easy and beneficial. You can choose to buy them online at your preferred time from the comfort of your home. Do visit our official website or contact us for more details.

How We Chose the Best Life Insurance for Cancer Patients?

Even if the prognosis is favorable, a cancer diagnosis is a life-changing event. It's especially worrying and difficult for those who currently don't have a life insurance plan. Securing a vital layer of financial security for your loved ones becomes much more difficult once you get diagnosed with cancer. So, when looking for life insurance for cancer patients, it is critical to consider all choices. Comparing insurance and shopping around is the greatest approach to locating the coverage that best meets your needs and unique scenario. This is one of the best ways to acquire the best life insurance for cancer patients. In the life insurance sector, each type of cancer is addressed differently. Each sickness and variation will have a unique life insurance policy and thus pricing.


In order to acquire the best cancer insurance, your life insurance needs will be determined by your age and responsibilities. Begin by considering the costs that your loved ones will incur as a result of your death. Consider your existing assets as well. Contact us at Bharti AXA Life Insurance and we shall help you with a desired life insurance policy that will cater to all your needs!


The article is meant to be general and informative in nature and should not be construed as solicitation material. Please read the related product brochures for exclusions, terms and conditions, warranties, etc. carefully before concluding a sale.
Make responsible financial decisions. Consult with your financial advisor before making any decisions on insurance purchase.

Suggested Plans

Bharti AXA Life Wealth Pro

  • An Individual Linked life cover with Insurance cum Savings Plan.
  • Choose a Variant: The plan offers you two variants to choose from a) Growth Variant b) Legacy variant
  • Grow your wealth further with Wealth booster
  • Multiple Investment Strategies to suit your investment needs
  • Tax benefits

Bharti AXA Life Guaranteed Wealth Pro

  • A non-linked, non-participating individual savings life insurance plan
  • Flexibility to choose the payout structure
  • Multiple income options
  • Option to receive tax free income beginning from the second policy year itself
  • Option to get lifelong income along with life cover till 100 years of age

Bharti AXA Life Flexi Term Pro

  • A Non-linked, Individual, Non-participating Pure Risk Premium Life Insurance policy
  • The plan offers two options: Without Return of Premium and With Return of Premium
  • Under the Without Return of Premium variant, you have the option between Single Life cover or Joint Life Cover i.e., cover for your spouse under the same policy.
  • Flexibility in policy and premium payment terms