It is always better to be safe than sorry, especially at a time of dealing with Cancer.
The risk of malignancy is rapidly increasing with time with changing lifestyle. According to a report by
1. Around 2.25 million Indians are currently suffering from cancer
2. On every 9th minute, a woman dies of cancer
3. 2,500 people die due to tobacco-related cancer
4. By 2015, the occurrence of cancer will reach up to 17 lakh new patients and 12 lakh death per annum.
Cancer does not just take a toll on physical health, but it also encumbers financial as well as emotional well-being. The overwhelming fee required for the treatments like chemotherapy and radiation costs a fortune to common men. Comprehensive health insurance can be a sensible way to be ready for such an unwanted expense.
Generally, the health insurance policies available in India cover the main critical illnesses, including cancer. Though they cover the expenses of hospitalisation, they do not cover the whole cost of treatment. Moreover, the cover is often not enough as most Indians tend to buy policies up to Rs. 5 lakhs. The best way to overcome such limitations is
Critical Illness Insurance.
Designed specially to cover the medical cost excluded by traditional health insurance plans, the Critical Illness (CI) Policy provides coverage to expensive treatment required for cancer and a few other disorders. As they are intended for particular diseases, CI policies are reasonable than comprehensive
health insurance plans.
Cancer Insurance is a distinctive critical illness plan providing cover only if the insured is diagnosed with cancer. Such cancer specific Critical Illness Cover help the insured with an amount required for diagnosis and treatment. Moreover, the cancer insurances cover most forms of cancers at early as well as malignant stages. Cancer Insurance is the aid during the tough times providing the financial as well as mental relief to the insured.
The commonest types of cancer like lung cancer, breast cancer, ovarian cancer, prostate cancer and forms of oral cancers are covered by Cancer Insurance (Except skin cancer). The insured gets the amount at different stages of a diagnosis like a minor, major and critical. For example, if a person diagnosed with the onset of tumour in the lungs, then he/she is subjected to get a lump sum of assured policy amount with applicable limits. The insurance money is dependent on the stage of cancer. Some cancer insurances also offer a diagnosis. Lastly, the age limits exceed from 18 years to 65 years to most cancer insurances in India offering the assured sum from Rs. 5 lakhs to 50 lakhs.
Cancer insurances do not cover the congenital cancers or malignancies caused by chemical, biological or nuclear exposure. Furthermore, the cancers associated with AIDS are also considered as exclusions.
Future is definitely unpredictable. Though healthy habits save from many complications, staying prepared for the battle against cancer is always a wise choice.