Cancer cover is necessary, as nobody knows what happens in future and when the cancer cover can be obtained at nominal costs then why not have it? As Cancer treatments are very expensive, one should be insured against cancer and other critical illnesses. The completely comprehensive website of HDFC gives all-around information regarding cancer care Insurance plans for all the three stages – First, second and third and also covers the chemotherapy charges and additional expenses.
There are three types of Cancer Cover – Silver with less than 4 Rs. Premium per day, gold with less than Rs. 5 Premium per day and Platinum plan with less than 8 Rs. Per day. You can choose any of these as per your requirements. You can get discounts on the higher sum insured. You are not forced to undergo extra medical tests. You also get benefit from tax under the section 80D of the Income Tax Act, 1961. People between ages 18 years to 65 years can become policyholders. Policy terms can range anytime between 10 years to 20 years.
Insurance is a type of provision, which we can use in the situations of an emergency. It is a type of saving that never gives you any kind of loss. Your insurance policy comes as a savior at times when you or your loved ones are facing adversities in life. The company, which gives insurance, is called an insurer and you will be known as a policyholder.
The terms and conditions, an amount that is insured, date of getting insured and date until which you are insured, etc all these details are typed on a document which is known as your insurance policy. Some of the major Insurance companies with their popular plans are Religare Health Insurance, HDFC Cancer Insurance, ICICI Cancer care, Aegon Cancer Insurance, etc.
One point of caution is that you should read all the points and rules of the policy before buying. So that you do not face any difficulties at the time of claiming the amount. Your agent should make everything clear or if you are buying it online, do proper research on it. You can compare all the plans from one or more company on websites and then decide upon your policy in a well-informed manner.
There are major 10 types of insurance policies, which are as follows:
Few of these are most important and common amongst everyone in general like Life Insurance, Health Insurance, Travel Insurance, Vehicle Insurance, Accidental coverage, etc. While some other least common.
You will be shocked to know that, according to a survey conducted in the year 2014, more than 80 % of the Indians have not taken health insurance policies. Only 18 % of the urban population and 14 % of the rural population (funded by government) only are covered under any form of health insurance.
Moreover, it was found that more than 80 % of the income was spent on personal expenditure and only a meager 9 % of the income was spent on health insurance policies. According to World Health Organization (WHO), nearly 10 lakh cancer cases are registered every year in India.
There are five subtypes of Health Insurance: -
Critical illness Insurance covers cancer treatment and additional expenses. Cancer care Insurance can be purchased online easily. Best cancer insurance plans can be searched on one of the best online websites, those are of HDFC, Max Life Cancer Insurance plans, Future Generali Cancer plan, etc. You can connect to the website and chat with the online agents. There is 24/7 customer service that provides an instant solution to the queries, FAQs and customer reviews to go through. You can also send email or contact on the toll-free numbers.
There are multiple payment options for buying the policy or paying the premium for the policy. You can use net banking, credit card, debit card, auto payment options, etc. You can start ESI and pay premium monthly, which is automatically deducted from the bank account, or you can opt for quarterly, half yearly or annual premium payment options.
You can visit the HDFC Cancer Insurance Website to check the premium rates. You can find a complete HDFC cancer care premium chart. The process of purchasing the policy is absolutely hassled free. You will find a form thereby you have to fill in all the details accurately. Post-purchase you can see you and follow your policy online and you will get the policy documents delivered at home by post.
Cancer Insurance policy is going to be one of the important parts of the insurance market in the upcoming days as cases of cancer are increasing and awareness regarding is also increasing. It is rightly said that ‘Prevention is better than cure’. The specialty of the HDFC cancer Insurance is that the company provides financial aid on the diagnosis of Cancer. It is the only company, which provides this facility to its policyholders.
You will get a lump sum amount on diagnosis of cancer that 25 percent of the sum insured. As you can see HDFC cancer Insurance is the best option to insure oneself against the expenses incurred during the treatment of Cancer and other similar critical and chronic diseases.
Last updated on 01-09-2020