Vents MagaZine Music and Entertainment Magazine
Related Articles
Over the years, cancer has become one of the most common illnesses in India. Despite being common, the treatment of cancer is very expensive, and not many people can afford it. This is where a health insurance policy plays a vital role. If you buy a Cancer Health Insurance policy, different stages of your treatment will be covered.
A cancer health insurance policy is the type of policy that is designed to help financial help to the policyholders who already have been diagnosed with the illness after the free look-up period mentioned in the terms and conditions of the bought cancer insurance policy. A cancer health insurance policy provides coverage for several types of costs that are related to cancer diagnosis as well as treatment such as chemotherapy, radiation, surgery, etc.
The sum assured is payable at different stages of diagnosis, which include minor, major, and even critical. However, there are no maturity, death, or surrender benefits that you can avail of from a cancer health insurance policy.
To buy a cancer health insurance policy, you cannot be suffering from the illness already. If you are already undergoing cancer treatment, you will not be eligible for the health insurance policy.
Types of Cancer that are covered under the Cancer Health Insurance Plan
There are several types of cancer and some of them are covered under a Cancer Health Insurance Plan. Let us take a look at some of them:
- Ovarian Cancer
- Breast Cancer
- Lung Cancer
- Hypolarynx Cancer
- Prostate Cancer
- Stomach Cancer
Types of cancer that are not covered under the Cancer Health Insurance Plan
Some of the cancer are not covered under the Cancer Health Insurance Plan, and those are:
- Skin Cancer
- Cancer that has been caused because of HIV, AIDS, or a Sexually Transmitted Disease
- Cancer that is caused because of a pre-existing condition, congenital condition, chemical contamination, etc.
Benefits of a Cancer Health Insurance Plan
When you buy a Cancer Health Insurance Plan, you can expect quite many benefits. Let us discuss a few of them:
- The plan covers several stages of cancer
- Upon diagnosis of cancer, lumpsum is paid out
- Under conditions like an early stage cancer diagnosis, the premium waiver can be availed of
- If you do not claim during the year, the sum assured will rise by a pre-specified percentage
- In case of major cancer diagnosis, monthly income is paid to the policyholder for a particular number of years
- For health insurance policies for more than a particular amount, premium discounts can be availed of
- After the first diagnosis, the insurance cover will not be ceased
- Policyholders can enjoy tax benefits under Section 80D of the Income Tax Act
The need for a cancer health insurance plan
The moment we find out that we or anyone in our family has been diagnosed with cancer, we get under stress. Not only the patient suffers a lot from the diseases but the treatment of cancer is also very costly. So many people in the country die of cancer because they cannot afford the treatment. However, buying a cancer health insurance plan can help us with a lot of financial support. Although a cancer health insurance policy will not cover the entire treatment that is related to the disease, you can expect some help. You can consider purchasing a health insurance policy
- if you have a history of the diseasein your family
- if you think you can get cancer because of environmental factor
- if you do not have a lot of money to clear the medical bills
- if your regular health insurance policy does not provide sufficient coverage
- if you are the sole breadwinner in the family
To know about some of the best Cancer Health Insurance Plans, you can visit the IIFL website. You can also use the health insurance premium calculator to find the right health insurance plan for your family.
