Kanye West's psychotic episode may have saved him a $43 million concert cancellation fee.

The 39-year-old rapper was rumoured to have lost a hefty amount of cash for unexpectedly pulling the plug on his gig at The Forum in Los Angeles just a few hours before he was expected to go on stage on Monday (21.11.16) and then axed the remaining 21 dates of his 'Saint Pablo' tour shortly afterwards without giving his fans or concert organisers a reason.

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But, according to TMZ, the Bound 2 hitmaker may still be able to pocket a large sum of money for the shows he cancelled as he reportedly had an insurance policy that covered him in case at any point throughout his tour he had to pull out of performing due to illness.

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Kanye seemed to suffer some kind of psychotic break. Photo / AP
Kanye seemed to suffer some kind of psychotic break. Photo / AP

It's believed the policy covers Kanye for the money he'd make from the shows, as well as any cash he was obligated to pay others if "accident or illness ... prevents any Insured Person from appearing or continuing to appear in any or all of the Insured Performance(s) or Event(s)."

Kanye sparked fears for his health earlier this week after he reportedly lashed out at a member of staff at his trainer Harley Pasternak's home in Los Angeles at 1:20pm on Monday.

A private doctor was called to the scene as the rapper was believed to be acting "erratically" and claimed people were telling him they wanted to "kill" him.

The medical professional sectioned him with a 5150 hold, which authorises a qualified officer to involuntarily confine a person suspected to have a mental disorder that makes them a danger to themselves or a threat to others, and enlisted the help of paramedics to transport him to hospital.

Kanye is known for going on crazy rants but this time is something different. Photo / AP
Kanye is known for going on crazy rants but this time is something different. Photo / AP

The doctor reportedly informed the emergency services that there was a "psychiatric emergency" at the given address, but gave responders an alias for the Only One rapper, saying he was a man named Jim Jones who "suffers from temporary psychosis."
However, Kanye didn't take kindly to the paramedics trying to help him and allegedly attacked them, which in turn lead to him being handcuffed to the stretcher to restrain him.

The Famous hitmaker was then rushed to UCLA Medical Center in Los Angeles, California, via ambulance for a psychiatric evaluation by trained psychiatrists.

It's believed Kanye has been falling down a slippery slope for a while and has been battling with stress, anxiety and paranoia following his wife Kim Kardashian's robbery in France in October.

As well as dealing with his wife, with whom he has two children; daughter North, three, and 11-month-old son Saint, and her anxiety after the armed robbery, it's also coming up to the ninth anniversary of Kanye's mother Donda West's death.