Cancer Insurance

Cancer insurance policy is a financial instrument that offers coverage against expensive cancer treatment. This insurance policy is specifically designed to provide financial assistance when cancer is diagnosed. Cancer insurance policy at PolicyX offers complete protection at all stages of cancer. Cancer treatment is very costly and this policy assists you by reimbursing the treatment cost. We are committed to offering you the best deals in the market and exceptional services. We offer

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Importance Of Purchasing A Cancer Insurance Policy

Cancer is a disease that needs very expensive treatment to get relief or to be cured. The insurance for cancer is a great solution that will give you the essential financial support to manage associated expenses for the treatment of cancer.

Cancer is a specific disease that needs a larger amount of cost for diagnosis as well as treatments. The cost is also associated with hospitalization, chemotherapy, surgery, radiation and so on. The importance of purchasing one of the best cancer insurance plans involved in several areas and these areas are as follows.

Financial Safeguard

The cost of medicine, different types of health checkups and hospitalization are increasing day by day. As a result of this, comprehensive cancer insurance has become one of the most recommended investments for an individual. It acts as a financial safeguard against the excessively high expenditure of different types of medical treatment such as chemotherapy, radiotherapy and surgical procedure according to the specific need to treat cancer diseases.

Exclusive Coverage

It offers exclusive coverage including a wide range of medical facilities. Usually, Cancer Insurance Plans are available at a reasonable premium. Before purchasing a Cancer Insurance Policy, you should examine the offered coverage by the specific policy.

Payment For A Large Amount Of Money

When you will choose one of the best Cancer Insurance plans, it will offer you a guaranteed large amount of money in case of an emergency for the treatment of your cancer.

Benefits For Tax

If you purchase a policy of cancer insurance, you will get tax benefits as well.

Benefits Of Having An Excellent Cancer Cover

Cancer is the most common health problem and the treatment is very costly. Today people have started grabbing benefits from the cancer insurance plan to deal with high prices. Here are some benefits that the insurance plan covers.

Tax Benefits

The best Cancer Care Policies in India are eligible for tax benefits of up to Rs.25,000 and this is in reference to Section 80D as per the Income Tax Act, 1961. Senior citizens are also eligible for higher tax benefits under Indian law.

Customer Support

Along with the cancer insurance plan, you will get a dedicated team of experts to stand with you in case of an emergency. It will be there to solve all your queries. Your all issues and doubts regarding policy or claim will be taken care of.

Discounts

Companies come out with several discounts and additional benefits along with cancer insurance plans to provide more ease to customers. It will help you in saving more. Discounts usually vary from plan to plan and company to company.

Health Check-Up

Most of the Cancer Insurance Policies also motivate their customers to have an annual check-up. Depending on the cancer insurance coverage you choose, you can be offered a wide range of services which and an annual master check-up for all the covered members under the policy at premium facilities.

Lump Sum Pay

It offers coverage of different stages of cancer. The policyholder can get a lump sum on the basis of diagnosis report. If the policyholder does not take advantage of any kind of claim within a year, the assured sum will be increased followed by a percentage that has been specified already in the terms of the insurance plans.

Auto-Renewal

The Cancer Cover policies are mostly subjected to auto-renewal. This helps us prepare for long term coverage. Cancer is an unforeseen situation. Lifetime coverage with auto-renewal benefits help in crisis situations. No matter what happens you will be prepared as the financial coverage is taken care of.

No Claim Bonus

For every claim-free year, there is a predefined bonus called no-claim bonus that you as an insured will receive. It will be added to your plan each and every year.

Online Application

You can invest in a cancer insurance plan through a simple online purchase option that hardly takes 5 minutes to get you insured with the appropriate cancer insurance.

Cashless Treatment

Cancer insurance allows you to receive cashless treatment at in-network hospitals without paying a single penny and you receive the best treatment.

Best Cancer Insurance Plans In India For 2019?

There is no doubt in saying that to deal with cancer and its expensive treatment, it is highly important to choose the best cancer insurance plan. There are many companies out there who claim to offer the best cancer insurance plans but you have to choose the best out of all that can easily go well according to your needs.

The name of some best cancer insurance plans 2019 are Max Life Cancer Insurance Plan, HDFC Life Cancer Care Plan, LIC’s Cancer Cover, SBI Life-Sampoorn Cancer Suraksha Plan, and Exide Life Sanjeevani Plan.

Best Cancer Insurance Plans in India

Qualified criteria	Limitation of age	Range of guaranteed sum	Range of policy term	Waiting period	Premium payment periodicity
HDFC Life cancer care	18 years to 65 years	Minimum of Rs.10 lakhs to maximum of an Rs.40 lakhs	Minimum of 10 years to a maximum of 20 years	180 Days	Available options in every month, quarterly, half-yearly or every year
Aegon Life iCancer insurance plan	18 years to 65 years	Minimum of Rs.10 lakhs to maximum of an 50 lakhs	5 years to 70 years subtracting entry age	180 Days	Available options for every month or every year
Future Generali cancer protect	Options for major lives from 18 years to 65 years and minor lives from 1 year to 17 years	Major lives with Rs.10 lakhs to Rs.40 lakhs and minor lives for Rs.1 lakhs	Major lives for 10 years to 80 years subtracting entry age and Minor lives for 18 years subtracting entry age or 10 years and higher term with regular premium and 5 years terms with single premium	180 Days	Available options for regular premium every month and every year and for a single lump sum for one time
ICICI Pru Heart/Cancer Protect	20 years to 60 years	Minimum of Rs.5 lakhs to a Maximum of Rs.25 lakhs	Minimum of 10 years to a maximum of 70 years	6 Months	Available options for every month, half-yearly or every year
PNB Metlife Cancer Insurance	18 years to 65 years	Minimum of Rs.5 lakhs to a maximum of an Rs.40 lakhs	Minimum of 10 years to a maximum of 20 years	180 Days	Available options for every month, half-yearly or every year

Cancer Insurance Plans That Pay A Lump Sum At The Time Of Treatment

Unlike the commercial health insurances cover inpatient stay and charges related to many diseases together including the advanced stages of cancer. Cancer Insurance Policies are designed to give protection and care during the diagnosis and treatment of cancer and covers the treatment from chemotherapy to cancer-related rehabilitation. These policies cover cancers like

Lung Cancer

Brain Cancer

Colon

Throat Cancer

Colorectal Cancer

The only type of cancer which is not covered under this type of policy is skin cancer. The speciality of cancer insurance is that unlike other health insurances which only covers cancer at very advanced stages when there is practically very little left to be done. The cancer insurance gives out a lump sum to the family of the insurer as soon as the cancer is diagnosed, so that the initial treatment, and the inpatient stay can be covered without any hassles. And the best part is that, radiation, chemotherapy and radiation therapies are also covered at different stages of treatment.

Therefore, it can be safely said that unlike other commercial insurance which gives partial coverage to cancer leaving the majority of the financial responsibility to the patient’s family which becomes a huge financial burden for the patient’s family.

Cancer coverage also comes with auto-renewal benefits that help in crisis situations. No matter what happens you will be prepared as the financial coverage is taken care of. Besides, policies are eligible for tax benefits of up to Rs.25, 000 as given in Section 80D as per the Income Tax Act, 1961. Senior citizens can also claim for higher tax benefits under Indian law.

Difference Between Cancer, Health Insurance & Critical Illness Rider Plans

	Cancer Insurance	Critical illness rider plans	Health Insurance
Benefits	It covers complete expenses for the treatment of cancer This policy is based on benefits You can utilize it for paying expenses on medicine or you can use is as an alternative option of your income	It offers the facilities on the basis of a plan which provides the advantages for a lump sum if your critical illness is identified after diagnosis. The available money can be utilized to treat your diseases or expenses of recuperation.	It offers the benefits so that the insurer can reimburse the expenses of hospital or offers the facilities of ideal cashless treatment including the extra cost of diagnosis, hospitalization, medicine and treatment and many more.
Cancer Cover	Insurance providers provide a plan for cancer insurance which is advantageous to get a complete coverage for the treatment of every stage of cancer disease such as a pre-stage primary stage and major stage.	It provides some general complicated illness which will be mentioned within the official papers of the policy. The pay-out will be made according to your expenses.	It provides the coverage of actual expenses of surgical as well as medicine. There is a restriction for the coverage of only hospital expenses and there is a strict sub-limit considering the room rent and so on.
Time Period	You will get the facilities of this policy for a long period like 20 years.	You will get the facilities of this policy for a long period like 20 year.	You will have to make a renewal of this policy every 1 or 2 years.

Points To Remember While Buying A Cancer Insurance Plan

To get the best cancer insurance plan an individual must ensure that they are going through the terms and conditions of the policy to understand it. If the points which are discussed below are part of an insurance plan, then be rest assured that you are getting the best cancer insurance plan 2019. Here are the things to consider before buying a cancer insurance plan

Make sure that your plan is covering all the stages of cancer. Most of the cancer plan makes 30% of payment on the early stage of cancer and 70% of the payment on its major stage.

Always grab the benefit from such plan which is having high sum assured. This is due to reason as the expenses of the cancer treatment are rising day-by-day. Doing so, will make you to have sufficient money during the time of treatment.

Every cancer insurance policy having its duration, just grab the benefit from such a policy which last for long.

Grab the benefit from the premium payment option, using this you can pay annually, monthly or on a quarterly basis.

Compare the available insurance plan options and choose the best deals

Buy Online, you can be aware of all the plans available and which one is more beneficial and suitable according to your requirement. Online platform provides more options to compare the plans.

Why Cancer Insurance Comparison Is Important?

Cancer insurance is one of the most demanded insurance policies of today’s era where the ratio of cancer patients is really high. To deal with the expensive cost of the same, an appropriate cancer insurance is all you need. However, the availability of multiple options makes it quite tough to get the best cancer insurance plan out of all. You can easily get the best one out of all if you compare all the available plans.

Cancer insurance comparison services helps you in choosing the best plan which can easily go well with your needs and budget as well. It will protect you from making any wrong purchase decision.

To choose the best

It helps you in choosing the best cancer insurance plan out of all.

Protect you from fraud cases

It offers transparent advice which makes it easier for you to stay away from false information.

Allow you to make the most of it

Health insurance comparison helps you with detailed information so that you can make the most of the chosen plan

Saves time and money

Comparison helps you in saving your hard earned money and time as well that you waste in choosing the wrong one.

Why Choose PolicyX.com For Your Cancer Insurance Purchase?

PolicyX.com is a one stop solution for all your insurance needs. The platform helps you with free quotes and comparison service which makes it quite easier for you to choose the best plan out of all. It brings all the helpful quotes on a single page so you don't have to visit all companies one by one, allowing you to compare on the basis of features, benefits, coverage, exclusions, premium and much more.

We at PolicyX.com are committed to offer unbiased quotes for hassle-free buying process. We don't make any false promises, we claim what we are and what we can offer?

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PolicX.com is the leading online insurance web aggregator
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Its is an IRDA registered portal which follows the norms of the same to run its operations smoothly
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PolicyX.com offers unbiased quotes and free composition services to serve you better
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The team of PolicyX.com made the entire buying process a lot easier for you
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It has tie-ups with leading insurance companies such as Max Bupa Health Insurance, Religare, ICICI Lombard, Apollo Munich and many more.
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Allows you to compare top cancer insurance plans within a few seconds.

Documents Required

Identity proof
Age proof certificate
Disease report that show the cancer stage and the treatment type need to be done

Exclusion

There are some exclusions, it generally depends on insurer

Skin cancer
Cancer that occurred from sexually transmitted diseases: like HIV or AIDS
Cancer occurred from congenital conditions

Cancer Insurance Claim Process

Here is a step by step process to claim cancer insurance

Claim Intimation

You will need to intimate your insurance provider agency, all the companies have diverse mode to claim. You will need to fill online form available on the official website of the company, sometimes can be done through message or by visiting the branch. You will be asked to submit diagnosis reports or medical documents.

Claim Processing

After receiving a claim form and relevant documents from you, the insurance company will verify all the details and will find out if you are eligible to claim the individual policy. The documents required can be different for diverse cancer types.

Settlement

After evaluation of all the document received the insurance company will either accept or reject your claim application in such cases. If your form get accepted you will get claim amount within a given time.

HDFC Cancer Plan

SBI Cancer Insurance

LIC Cancer Cover

Max Life Cancer Insurance

FAQs

Cancer policy includes a lump sum policy and cancer treatment cover, you will receive a lump sum of money if diagnosed with cancer for medication, post treatment care and living expenses.

As the cost of cancer treatment is quite high, the Cancer insurance Plan provide the back-up financial support which is needed for a family if a member of the family is diagnosed with cancer. The cancer insurance must be taken in addition to the critical illness rider plans. It can cover all the members of the family in case of other critical health problems like heart attack or stroke.

The suitable age for taking insurance policy differ from company to company. When you are going to purchase a policy, we would recommend you to do a thorough research of eligibility according to your requirement and age.

Survival period or we can also say as waiting period. It is the time when the policyholder needs to survive after being diagnosed with cancer. Once the survival period passed, policyholder will get the benefits of cancer insurance policy.

These days, the health care plans become so much costly and the cost of the advanced treatments are also growing as well. One of the life-threatening diseases, which are impacting a lot of lives in India is Cancer. On the other hand, there are many other critical illnesses like cardiovascular health problems, which can harm a lot of lives.

To avoid the cost of such treatments, there are many insurance plans which are helpful in offering financial protecting against cancer or any other health conditions. But there are a lot of differences between both of them. So, let’s discuss all that in detail:

Cancer insurance plans	Critical illness rider plans
Definition The cancer insurances are such type of plans which are helpful in offering financial protection against cancer. This is very much helpful in covering all that expenses that can occur on the treatment of cancer. Such expenses include cost of hospitalization, chemotherapy and surgery as well.	Definition Unlike the cancer insurance plans, the critical insurance plans are helpful in providing financial protection towards the other life threatening health problems. This includes the treatment of problems like kidney failure, stroke, paralysis or a heart attack.
Benefits It is helpful in covering cost that can occur on the various stages of cancer. A person can avail discount even on the higher cover as well. Having an option to cure major cancer problems.	Benefits Such plans are helpful in reducing cost which caused on the critical health problems. Customization of the orders can be done easily. It is helpful to reduce the expenses of hospitalization, doctor’s fees, etc.

Cancer insurance plans	Critical illness rider plans
Definition The cancer insurances are such type of plans which are helpful in offering financial protection against cancer. This is very much helpful in covering all that expenses that can occur on the treatment of cancer. Such expenses include cost of hospitalization, chemotherapy and surgery as well.	Definition Unlike the cancer insurance plans, the critical insurance plans are helpful in providing financial protection towards the other life threatening health problems. This includes the treatment of problems like kidney failure, stroke, paralysis or a heart attack.
Benefits It is helpful in covering cost that can occur on the various stages of cancer. A person can avail discount even on the higher cover as well. Having an option to cure major cancer problems.	Benefits Such plans are helpful in reducing cost which caused on the critical health problems. Customization of the orders can be done easily. It is helpful to reduce the expenses of hospitalization, doctor’s fees, etc.

According to Section 80D of the income tax act, 1961, a policyholder can avail tax deduction of up to 25,000 rs on a cancer insurance policy.

Many people do not go for separate cancer insurance policy as they think that they have general health insurance. But a cancer cover is different from premium health insurance in many ways.

Coverage: Most of the health insurances cover inpatient stay and charges related to that. However, it is always prudent to get cancer care, because most of the times, cancer comes as undeclared and is diagnosed at advanced stages. Cancer Insurance Policies are designed so that it could give tailor-made protection during the treatment of cancer and covers the treatment from chemotherapy to cancer-related rehabilitation.
The way of coverage: Other Health insurances cover only a malignant cancer, however, cancer care cover all types of cancer except for skin cancer. A lump sum is given out when cancer is diagnosed, and there is no waiting period for cancer insurance unlike other health coverage.

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