Cancer insurance plans are designed to cover the cost of cancer treatment. They offer coverage for various expenses associated with the diagnosis and treatment of cancer, such as hospitalisation, radiation, chemotherapy, surgery, etc.
Cancer insurance plans are available in both individual and group plans. Individual plans are designed for individuals, while group plans are designed for employees of a company.
The premium for a cancer insurance plan depends on the following factors:
It is important to compare different cancer insurance plans before buying one. You should consider the following factors when comparing plans:
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Buying a cancer insurance plan is advised even when you have basic health insurance. Cancer cases in India are constantly rising. Basic health insurance may not adequately cover the expenses incurred in cancer treatment. A cancer-specific health insurance plan offers coverage for various expenses associated with the diagnosis and treatment of cancer, such as hospitalisation, radiation, chemotherapy, surgery, etc.
The following blog discusses the various cancer health insurance plans to protect policyholders from spending all their savings on cancer treatment. Read on to find out the features, benefits, inclusion, and exclusions of cancer health insurance plans.
Cancer, one of the most deadly diseases in the world today, is also one of the most expensive to treat. Did you know more than 11 lakh cancer patients are registered annually in India? Every year, cancer cases in India increase. Moreover, the expense of treatment for this deadly condition is increasing in tandem with medical inflation in India. The average cancer treatment cost in India is about ₹ 5 lakh, with a minimum cost of ₹ 90,000 and a maximum cost of ₹ 27.5 lakh.
With these expenses expected to rise further, most people in India cannot expect cancer treatment without a cancer insurance plan. Several insurance companies in India offer affordable health insurance plans with cancer cover to tackle this problem.
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Cancer insurance plans usually provide coverage for different stages of cancer. Therefore, it is important to understand the cancer stages.
The changing lifestyle patterns of people have increased the risk of developing cancer. Cancer treatment, which usually goes for a long time, can cost you an arm and a leg without cancer treatment insurance.
People often wonder if they need an additional cancer insurance plan when they already have another health plan. Even the best health insurance plans cannot offer the coverage that a specialised cancer plan offers. You may consider buying a cancer care insurance plan if:
Some of the best health insurance with cancer cover in India include the following:
The Aditya Birla Activ Cancer Secure Plan has been specially designed to cover treatment costs for patients diagnosed with cancer. The features of the plan include:
Max Life Cancer Insurance Plan is a cancer health insurance with the following features:
Bajaj Allianz Health Insurance’s Critical Illness plan protects you and your family against ten dangerous diseases, including cancer, organ transplant, heart attack, kidney failure, etc. The features of the policy include:
HDFC Life Cancer Care plan is a cancer treatment insurance that offers financial security during different stages of cancer. This cancer insurance plan offers three options (Silver, Gold, and Platinum) to meet the different needs of the customers. Features of HDFC Life Cancer Care include:
ICICI Pru Heart/Cancer policy provides coverage against specific ailments such as heart diseases and cancer. The features of this health insurance plan with cancer cover include:
Star Cancer Care Gold Health Insurance is the first-ever medical insurance for cancer patients. The cancer insurance plan covers people with Stage 1 and Stage 2 cancer. The features of the plan include:
Care Health Insurance’s Cancer Mediclaim plan is a comprehensive policy that offers financial assistance for cancer treatment. Features of the Care Cancer Mediclaim Plan include:
ManipalCigna Critical Care is a global plan offering financial support for critical illnesses, such as cancer of specified severity, myocardial infarction, major organ transplant, etc. The Critical Care plan has two variants - the basic and the enhanced plan. The features of the policy include:
New India Assurance is the largest public sector general insurance company in India. The company’s Cancer Guard Policy covers conventional treatments like Radiotherapy, Chemotherapy, Organ Transplant, and Onco-Surgery. Features of this health insurance with cancer cover in India include:
The Oriental Insurance Company is an Indian public-sector insurance company. The Oriental Care Protect plan offers indemnity for insured expenses resulting from in-patient, outpatient, or daycare treatment for cancer of a certain severity. Features of Oriental Cancer Protect include:
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana Scheme is the biggest Government sponsored healthcare scheme to cater to the needs of the poor. Under the scheme, policyholders can avail of healthcare services with an insurance cover of upto ₹ 5 lakh for each household annually.
Ayushman Bharat Yojana protects these underprivileged families by covering treatment expenses for several diseases, such as cancer. However, the treatment type and duration can vary for different types of cancer. Features of Ayushman Bharat cancer insurance include:
Cancer insurance plans offer some additional benefits for cancer treatments that a person may not be able to avail of in other health insurance plans. Typical benefits of cancer health insurance plans include:
The most common exclusions of a cancer insurance plan include the following:
The above-mentioned are general exclusions, and specific exclusions can vary between different insurance companies.
One must consider the following factors while choosing the right cancer insurance plan:
With India witnessing a rise in cancer cases yearly, the need for investing in health insurance with cancer coverage has never been greater. A financial burden is the last thing someone wishes for when diagnosed with this deadly disease. The cancer insurance plans offered by several insurance companies in India can offer financial relief during these difficult times. Insurance plans at affordable rates are the best choice to cover your medical needs while focusing on improving your health.
For any more doubts regarding health insurance with cancer cover in India, contact an expert at HexaHealth TODAY! Our team will help you choose the best cancer health insurance plan as per your needs and guide you through its claim process.
While cancer is included in several critical illness insurance plans, other plans are designed specifically for cancer patients. Most critical illness plans cover cancer only at the advanced stage. However, cancer insurance plans usually cover cancer treatment for all stages.
Several cancer health insurances in India offer coverage benefits to the policyholders. Some of the best insurance include:
The best features of cancer health insurance plans include:
Some of the best health insurance with cancer cover include:
Several health insurance plans for senior citizens include extra benefits like critical illness insurance, covering specific diseases like cancer. The most common senior citizens’ health insurance with cancer cover includes:
Health insurance with cancer cover in India offers several benefits to the policyholders. These benefits include:
Yes, cancer treatments are covered by insurance. When a policyholder gets diagnosed with cancer, the insurance company pays a lump sum amount equivalent to the sum insured. This amount can be used to cover the cancer treatment cost. The claim money is often paid at various stages of diagnosis, including early, major, and advanced stages.
The total cost of cancer treatment in India can range from ₹ 90,000 to ₹ 27.5 lakh. The cancer treatment cost with insurance varies depending on the cover. The higher the coverage, the lower the cost of cancer treatment.
Exclusions under health insurance with cancer treatment coverage include:
The common inclusions under cancer insurance plan include:
A basic health insurance plan covers only the cost of hospitalisation, unable to meet the high costs of chemotherapy and radiotherapy. However, a cancer insurance plan for cancer patients covers both advanced and conventional treatments, including chemotherapy and radiotherapy intended to cure cancer.
The following is a list of questions that you must ask the insurer while buying health insurance with cancer cover:
The documents required to purchase a cancer care insurance plan include the following:
The claim process for health insurance with cancer cover includes the following:
There are several Government health insurance schemes for cancer patients, some of which include:
Last Updated on: 3 March 2023
MBBS, DNB General Surgery, Fellowship in Minimal Access Surgery, FIAGES
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Dr Aman Priya Khanna is a well-known General Surgeon, Proctologist and Bariatric Surgeon currently associated with HealthFort Clinic, Health First Multispecialty Clinic in Delhi. He has 12 years of experience in General Surgery and worke...View More
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