July 27, 2021
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The treatment of cancer is quite expensive. The cost of cancer treatment can cost up to Rs 20 Lacs and it may escalate depending on the stage of cancer. Whether it’s chemotherapy, radiation, and/or surgery, most of the people are unable to afford it. Health Care Coverage for Cancer Patients treatment will end up draining all your savings and leave you in a deep financial trouble.

Cancer is a dreadful disease in which abnormal cells divide uncontrollably and destroy the body tissue. There are over 100 types of cancer, such as skin cancer, lung cancer, prostate cancer, breast cancer, colon cancer, etc. The symptoms also vary depending on the type. As per statistics, 25 Lacs people are living with this disease. Every year, over 7 Lacs cases are registered as new cancer patients. Moreover, there are around 5.56 Lacs people dying due to cancer every year and these figures are likely to increase day by day.

Due to advanced treatment and care available, the survival rate for cancer patients is becoming higher. The only you need is to choose a right health plan that provides coverage for cancer treatment and help you to ease the way for its treatment and recovery.

Critical Illness Cover for Cancer

A critical illness policy helps you to pay for treatments required for specific diseases, including cancer. However, despite of various features available such as bigger coverage of Rs 20 to 50 Lacs, critical illness policies have some limitations.

According to a report by ET Wealth, these plans cover your first heart attack and entry stage kidney disorders, but cover cancer only at an advanced stage when the malignant tumour shows uncontrolled growth.

So, in order to get the comprehensive cover against the cost incurred against the cancer diagnosis and Health Care Coverage for Cancer Patients treatment, it becomes imperative to choose a dedicated cancer care product.

Cancer Care Plans

There are various cancer care insurance products available, such as Cancer Care Plus by ICICI Prudential, iCancer Insurance Plan by Aegon Life, HDFC Life Cancer Care Plan, etc.

Cancer health insurance is a special category of critical illness policy. It covers the costs associated with the diagnosis and treatment of cancer, such as hospitalization, chemotherapy, radiation, surgery and many others. These cancer insurance products provide cover for most types of cancer at the early and advanced stages. Thus, these insurance products ensure financial and mental security for a cancer patient and his/her family.

A cancer cover health insurance pays the money at different stages of diagnosis, treatment and surgery.

Cancer Health Insurance Plans

Here, we are providing details for some of the topmost cancer health insurance plans.

 Plan Name Entry-Exit Age Sum Assured Policy Term Benefits Waiting or Survival Period
ICICI Cancer Care Plus 20 years to 60 years Rs 5 Lacs to Rs 25 lacs 10 years to up to 70 years of age Rs 1 Lac for diagnosis of early cancer, Rs 1 Lac as Oncological Treatment Benefit for Early Cancer, Rs 5.5 Lacs for Diagnosis of Advanced Cancer, Rs 1 Lac as Oncological Treatment Benefit for Advanced Cancer, Rs 1.5 Lacs towards Surgery for Advanced Cancer 12 months from the risk commencement date (For Early Cancer) 6 months from the risk commencement date (For Advanced Cancer) Should be able to survive for 28 days from the date of diagnosis
HDFC Life Cancer Care 18 to 75 years Rs 10 Lacs to Rs 40 Lacs 10 years to 20 years 25% of sum insured is payable on diagnosis of early stage cancer or Carcinoma-in-situ (CIS), 100 less Early Stage Cancer or CIS claims on diagnosis of Major Cancer, Increased Benefit (for Gold Option), Monthly Income 7 days survival period post the date of diagnosis is required to become eligible for claim payouts A 180 day waiting period is applicable from the date of commencement of the cover
Aegon Life iCancer Insurance Plan 18 to 70 years Rs 10 Lacs to Rs 50 Lacs 5 years to 70 years minus entry age 25% of Sum Assured minus any previously paid (for minor stage of cancer), 100% of the Sum Assured minus any previously paid claims (for Major Stage of Cancer) Initial waiting period of 180 days from the date of commencement of the Policy

Conclusion

Cancer brings financial & emotional setback that is extremely difficult to bear for you & your family. Buy Cancer health insurance plans prove to be a helping hand in this tough time. It helps you to payoff mammoth medical bills arising from cancer diagnosis & treatment. Thus, you are advised to go through several cancer cover health insurance plans and choose a one that provides a comprehensive cover against heavy costs on its treatment and related expenses.

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