Life insurance is an exclusive product which is designed according to several different needs of customers with wide coverage as well. When it comes to life insurance for cancer treatment that you might face a few difficulties in the same as all insurance companies are not providing such form of cover. However, a few insurance companies are there who can help you with the same as they offer critical illness as an inbuilt cover, but in a few policies, you have to buy an additional rider to get the coverage against cancer treatment.
Make sure that if you are already a cancer patient then you might be not able to buy the required life insurance cover. As a few companies are not entering pre-existing diseases in case of life insurance.
When it comes to life insurance, it is always advisable to invest in an adequate life insurance product. To avail life insurance cover benefits in case if you die of cancer, you must check the same with the insurer. As your company might cover the same and may not.
If you are planning to buy a life insurance plan then there are many companies that you can consider such as Bajaj Allianz Life Insurance, HDFC Life Insurance and many more. Choose the one that goes well with your needs.
The question “Does life insurance pay you if you die of cancer?” The answer to this question has many terms and conditions which an individual have to take care.
The number of cancer cases has been rapidly increasing in today’s time and anyone inflicted with it have the danger of spontaneous death at any point in time. So, many of them want to safeguard themselves from this infectious disease and show their interest in buying life insurance. There are some factors which can be responsible for getting life insurance payment after the death due to cancer.
1. It usually depends upon the company from which you are taking life insurance. Some life insurance companies include cancer in their plans while some do not.
2. Dishonesty at the time of filing your application for life insurance can cost you very hard if you do not specify you are diagnosed with cancer. You can confront denial of the claim from the insurance company if they get to know about your fraud. You need to keep everything clear to keep yourself carefree at the time of claiming insurance.
3. The contestability period of the policy becomes a significant factor while claiming amount at the event of death. The contestability period is usually of starting two years after taking policy. Any death during this time can result in delay or denial in the benefits claimed by the family. This happens because of thorough investigation in the application and the past record of the individual.
These factors can majorly affect the payment of life insurance at the time of death due to cancer. Moreover, individuals have to be truthful at the time of application process for life insurance to receive the coverage.
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