Looking to enhance your health insurance coverage: Time to opt for cancer insurance: Here’s Why!

2 Feb

Looking to enhance your health insurance coverage: Time to opt for cancer insurance: Here’s Why!

Looking to enhance your health insurance coverage: Time to opt for cancer insurance: Here’s Why!

Inflation is a term that gives nightmares to almost everyone. When you add inflation to medical expenses things only turn for the worse. With an average inflation rate of about 15% per year, getting through treatment is going to get difficult. Not unless you have the right protection. If you already have a health insurance plan, make it a point to add cancer cover for the following reasons.

Health

Cancer for the Society

The number of people suffering from cancer is on a constant rise. Do not take our word for it, there are enough statistics to prove the same. As per the Indian Council of Medical Research or ICMR, roughly 1300 Indians lose their life to cancer every year. Between the years 2012 and 2014, the number of patients suffering from cancer rose by 6%.

And the ICMR has enough reasons to believe the number of new registrations for cancer will reach 17 lakh by the year 2020; which in reality is not too far away. Maintaining a healthy diet and healthy lifestyle is your best bet against this deadly disease. So, here are two prominent reasons why you should opt for a cancer insurance specifically.

– The number of cancer incidents is steadily on the rise. God forbid nothing should happen to you or your loved ones, but having a safety net wouldn’t hurt anyone.

– The medical expenses that come along with cancer are way too high. Treating cancer can break down a lot of people financially. Since it is a critical illness, it requires extra care before and after treatment. Which do their best in pushing the expenses further high.

You can purchase cancer insurance in India by any of the following methods.

– Tailor Made Plan

For the very reasons mentioned above, a lot of insurers have come up with independent cancer-related products. Cancer insurance in India usually covers all the different stages of cancer. The plan then pays you out an amount with respect to stage of cancer the policy holder is diagnosed with. These plans usually pay the entire sum assured as a lump sum amount. Cancer insurance in India gives you the freedom to use the money for treatment just as you wish to. You can also buy cancer insurance online.

– Comprehensive Plan

You can opt for a comprehensive health care plan that covers cancer. Such plans can be quite beneficial as you get cover against cancer along with several other medical conditions. A comprehensive health plan would under normal circumstances cover for chemotherapy as well as any surgeries. It would also take care of pre and post-hospitalization expenses.

– Critical Health Illness

You can opt for a critical illness plan from a health insurer or normal insurer as well. They usually have an exhaustive list of critical illness and it contains cancer almost certainly. If the policy holder is diagnosed with cancer or any other listed illness, they receive the sum assured. A critical illness plan behaves like a cancer health care plan when it comes to paying out. They pay the entire sum assured and leave it up to you how you want to proceed with the treatment.

If you are considering enhancing the coverage of your health insurance plan, do yourself a favor and add cancer coverage. A strong medical inflation rate in India along with exponential treatment costs of cancer make it difficult to afford treatment. A health plan would keep you safe. Buying one at a young age would keep the premium costs down. But if you can buy cancer insurance online you can save some premium cost, but do not forget to go through the policy documents to avoid exclusions or unwanted surprises later on irrespective of whether you are buying the cancer insurance in India online or offline.