Environmental pollution, lack of physical activity, excessive smoking and alcohol consumption and unhealthy diet are a few major reasons behind the rising cases of cancer. This disease is characterised by excruciating physical pain and emotional distress and affects anyone, regardless of age or gender.
Furthermore, the symptoms of cancer are only noticeable at the advanced stages, and the treatment costs are usually in lakhs. In this regard, having a cancer insurance policy can help you avail yourself of quality treatment as soon as possible while ensuring that you can easily handle the high treatment costs.
What is Cancer Insurance?
Cancer insurance is a medical policy that provides financial and healthcare protection against major cancer-related treatment costs at all stages. Such policies usually have a lifelong renewal period and a wide range of sum-insured options.
They provide comprehensive coverage from pre-hospitalisation diagnostics to patient care and post-hospitalisation therapies. This enables people of all ages to protect their health and savings from life-threatening diseases like cancer.
At Star Health, we offer the Star Cancer Care Platinum Insurance Policy, which provides a unique cover for people diagnosed with cancer. It covers treatment costs for both cancerous and non-cancerous elements, along with providing a lump sum cover for recurring cases (optional).
What’s more, no pre-medical test is required to opt for our cancer care insurance plan.
Benefits of Cancer Cover Policy
The key benefits of having a cancer insurance policy are:
Rising Healthcare Costs
With the exponential rise in healthcare costs in recent years, the number of people purchasing cancer health insurance has increased in tandem. It enables individuals to get a financial cushion to cover their healthcare costs without relying on their savings.
Financial Protection
A cancer diagnosis can have a significant influence on an individual’s financial stability. Aside from direct medical expenses, cancer treatment incurs various ancillary costs. A cancer insurance plan offers a safety net by covering all such costs and reducing the financial burden on the patient and their family.
Early Detection
Early cancer detection leads to much better treatment outcomes. Some cancer insurance plans provide screenings and regular check-ups, which can aid in early diagnosis. This not only increases the likelihood of successful treatment but also lowers overall treatment expenses.
The screening tests may include mammograms, pap smears and Human Papillomavirus (HPV) tests, colonoscopy, low-dose CT scans, and others.
Coverage For Various Cancers
Today, most insurance firms in India offer cancer insurance plans for various types of cancer. However, the inclusions may differ across insurers. A standard cancer insurance policy generally covers treatments for lung cancer, breast cancer, ovarian cancer, prostate cancer, and stomach cancer.
Hike In The Guaranteed Sum
Some insurance companies also allow you to increase the sum insured if you do not file any claims during the policy year. In general, insurers increase the sum insured by 10% each year with no claims.
Premium Waive Off
One of the primary advantages of a cancer insurance plan is that the policyholder may continue with the plan even after being diagnosed with early-stage cancer. Health insurance for existing cancer patients can also provide different premium options. Furthermore, if the cancer is removed at an early stage, several insurance companies offer to waive rates for the next three to five years.
Income Benefit
Some cancer health insurance plans may provide an income benefit option. If an earning member of the family develops cancer, the insurer pays a lump sum at regular intervals over a predetermined time to compensate for the loss of income.
In the event of the cancer patient’s death, the family will continue to receive income benefits for a set number of years, subject to certain requirements. Under such circumstances, the beneficiary usually receives a monthly income.
Supplement to Existing Insurance
Wondering – is cancer covered in health insurance? Cancer insurance supplements regular health insurance policies by giving additional benefits related to cancer treatment. It provides tailored coverage, whereas standard health insurance covers broad medical bills.
Additionally, some cancer insurance plans may provide newer, more advanced treatment choices that are not covered by regular health insurance plans.
Chemotherapy and Radiotherapy Cover
Health insurance for cancer patients protects your health and money during all stages of cancer, from detection and testing to therapies and rehabilitation sessions. The policy covers essential chemotherapy, and radiotherapy charges up to the covered amount via cashless and reimbursement facilities.
Peace of Mind
A cancer diagnosis takes a huge emotional toll, and financial stress can make things even worse. Knowing one has cancer insurance provides peace of mind, helping patients and their families to focus on their recovery and treatment without worrying about costs. This emotional support is extremely helpful during such a difficult time.
How to Apply For Cancer Policy Easily?
The steps to apply for a cancer insurance policy are:
Step 1: Visit Star Health Insurance’s official website to generate a Cancer Insurance quotation.
Step 2: Fill in the information about the insured members, including their age, health status, and gender.
Step 3: Customise your cancer medical insurance coverage by choosing the appropriate sum insured, policy period, and premium payment choices.
Step 4: Pay the premium with a secure digital payment option, such as net banking, debit, or credit card.
Note – Calculate your policy’s premium online to make a more informed purchasing decision. It will assist you in budget planning and selecting cost-effective coverage.
Insurance for cancer patients relieves financial burden, allowing them to focus on their rehabilitation and offering much-needed peace of mind. Thus, anyone at risk of cancer should consider cancer insurance as part of their financial plan. What is health insurance? It is a type of coverage that pays for medical and surgical expenses, ensuring individuals receive quality healthcare without facing financial strain. Opting for a reliable insurer like Star Health is crucial to getting quality healthcare in case one is diagnosed with cancer. Policyholders can enjoy cashless treatment in 14,000+ network hospitals across India, along with a seamless online claim settlement process.
Also, they can enjoy coverage for cancer-related health check-ups up to ₹2,500 for each claim-free year.
Contact us today for a customised quote!
