Cancer is a genetic disease, and you should know that cases ranging from 70 to 90 percent in all types of cancers are linked to lifestyle and environmental factors.
How to Choose the Best Cancer Insurance Plan?
Cancer treatment is costly. For this reason, nowadays there are many types of cancer insurance in the markets to fight this disease, which can be taken just by paying a small amount every month. This insurance policy covers compensation by covering every stage of cancer. But now the question is why you are advised to take cancer insurance? Why should every person take this insurance?
So, the WHO (World Health Organization) estimates that there will be at least one patient of cancer in each Indian family, while according to some media reports, one in every six or eight Indian will ever be caught in cancer. At the same time, according to another report of this institute, the cancer rate in India is currently at the highest level, which is 15 lakh in 2017 and is expected to increase to 17.3 lakh in 2020.
At the same time, the World Health Organization’s International Agency for Research on Cancer has placed India at the third position in the maximum ‘Hematological Cancer Patients.’ If you believe that cancer is a genetic disease, then you should know that cases ranging from 70 to 90 percent in all types of cancer are linked to lifestyle and environmental factors.
What is the Cancer Insurance Plan?
Says Santosh Agarwal, Associate Director and Cluster-head of Policybazar.com: “The Cancer Insurance Scheme is a definite benefit plan, in which the insured person is paid the sum insured to the insured without the need of hospitalization. Cover all the stage cancer and provides compensation at every stage, apart from these Minor Stage Cancer, Multiple Unrelated Cancer claims and Minor Life cover. There is no doubt that Cancer Insurance Scheme is the best way to protect your property and savings during your illness. “
Which plan of cancer insurance scheme is better?
He further said that while buying a cancer insurance scheme, the maximum sum insured should be purchased only when purchasing a plan. It is also essential to understand the details of the entire sum insured as the method of treating all types of cancer is different. With the maximum insured amount, the insured can get the best cancer treatment with the latest technology without spending the savings of his entire life.
He said, “Because of the cost of treatment in India, it would be good to buy a plan of at least Rs. 20-25 lakhs.”
The time of cancer insurance plan?
Agarwal said that while taking a cancer insurance plan, it should be paid attention to the waiting period, because before this period insurance cannot be claimed. So buy a policy that has a minimum waiting period. Generally, the waiting period for maximum insurance plans ranges from 180 days to 365 days.
He said that under the cancer insurance plan, the insured amount is paid at all stages of cancer, which is 20 to 25 percent in the initial phase, and 100% in the advanced stage, although in many policies 150 of the sum insured Percent is paid up to.
Can not take cancer insurance?
Agarwal said that in some cases, companies do not insure cancer, in which if there is cancer, skin cancer, sexually transmitted diseases, HIV, or AIDS due to direct or indirect cancer, any congenital cause cancer caused by exposure to cancer, radiation or radioactivity caused by cancer of cancer, biological, atom or chemical pollution.