A cancer diagnosis is scary, and so are the bills accompanying treatment. Health insurance covers most expenses involved with diagnosing and treating cancer. However, health insurance won’t cover all the bills that pile up during cancer treatment. Cancer insurance is a flexible supplementary coverage option that can help with medical bills and other financial needs.
What is Cancer Care Insurance?
Cancer is one of the most deadly diseases in the world today. Unfortunately, it is also one of the most expensive to treat and one that you are least prepared for. It can strike anyone at any time. Today with modern medicine, people can fight cancer, but the costs associated with the treatment and recovery can be a huge strain on your finances.
To counter these costs, you need a plan that can give you what other traditional health plans may not provide - a lump sum insurance payout on detection (without any medical bills). This cash payout can help pay for your medical costs and ensure your income never stops.
Benefits of Cancer Care Insurance:
Comprehensive Cancer Cover at All Stages: When diagnosed with cancer, the insured individual receives coverage for the medical expenses up to the sum insured opted for under the cancer insurance policy. One can get coverage for hospitalization expenses and in-patient care, daycare treatment, ambulance cover, organ donor cover, and more.
Chemotherapy & Radiotherapy Cover: One of the most expensive aspects of cancer treatment can be chemotherapy. It is also the most common medical procedure to manage cancer symptoms in a patient. Therefore, when looking for the best cancer protection plan, you must carefully understand the coverage terms for chemotherapy and radiotherapy.
Pre & Post Hospitalization Medical Expenses: Medical treatment may begin even before hospitalization and continue after the patient is discharged. The cancer medical insurance includes coverage for medical expenses incurred during pre and post-hospitalization for 30 and 60 days, respectively.
No Limit on ICU Charges: When a patient is admitted to the ICU for a few days, the charges incurred for hospitalization can be hefty. With cancer cover health insurance, you can remain stress-free about bills as there is no limit on the coverage for ICU charges.
Annual Health Check-up: A timely medical check-up is vital for maintaining good health. With a cancer insurance policy, the insured person can avail of an annual health check-up once a year. We provide this benefit cashless from the second policy year on continuous coverage under the cancer cover plan.
Why is Cancer Insurance important?
The increasing number of global cancer cases is a wake-up call. Some risk factors for cancer include unhealthy lifestyle choices and family history. Being financially prepared to deal with the unprecedented challenges in life is a smart way to safeguard your future. Sudden illnesses can harm your mental, physical and financial health. So, when planning to secure your future, it is vital to consider a plan that offers protection in such a situation.
Moreover, cancer is a critical illness that requires long-term care. The disease may occur for other reasons, even if you do not have a family medical background of cancer. As bleak as your chances of getting this disease may be, it is in your best interest to establish a solid financial plan with the best cancer protection for any such contingencies. After all, you can never be too sure when it comes to matters of health.
Already have Cancer Insurance? Switching is easy
It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options
If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.
Contact us today to help you with multiple options to choose from.
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