Standalone Cancer Care Health Insurance in India Explained
Updated On Dec 03, 2020
One of the most distressing diseases with over 200 types, Cancer is one of the deadliest diseases in India. It not only drains you mentally and takes a toll on your health but also drains you financially. Cancer treatments are expensive and can lead to being a major problem for patients when they are not prepared for the situation.
All About Standalone Cancer Care Health Insurance in India
One of the best aids that helps you with mental and monetary relief is a standalone cancer care health insurance.
What Is A Standalone Cancer Care Health Insurance?
Cancer insurance is a specially designed insurance to cover the financial needs of a patient suffering from cancer. These comprehensive insurance policies are curated to cover the expensive treatments like radiation, hospitalization, chemotherapy, and blood transfusion, among other treatments involved.
Does Health Insurance Cover Cancer Treatment In India?
The nature of a basic health insurance plan is to cover you over general medical ailments and provide you with limited financial coverage. However, in the case of diseases like cancer, the standard insurance plans fail to be a preventive measure due to their limited functionality.
Their limited financial coverage might burn down a hole in your pocket. Moreover, the standard health insurance policies cover you over a limited period of 1-3 years, which are the years over which diseases like cancer start showing symptoms.
Therefore, having a standalone cancer care health insurance is always a smart move to help you stay fit in terms of health and finance.
Benefits of Buying Cancer Care Insurance in India
There are several added benefits of buying cancer care insurance in India. Some of which are:
- Wide coverage against multiple stages of cancer.
- Benefits of waiving off premium for a specific period (3-5 years or entire policy duration), depending on terms and conditions
- Increased insurance coverage even after early-stage diagnosis
- Increase in the sum assured by a pre-set % under circumstances of no claims made during a year.
Top 3 Standalone Cancer Care Health Insurance in India
| Company Name | Plan Name | Entry Age |
| Aditya Birla Health Insurance | Activ Secure Cancer Secure Plan | Minimum age is 18 years and no maximum age |
| Star Health Insurance | Cancer Care Plan | Minimum age is 5 months and maximum age is 65 years. |
| Raheja QBE General Insurance | Cancer Insurance Plan | Minimum age is 1 day and maximum age is 70 years. |
1. Aditya Birla Active Secure- Cancer Secure
The plan offers the coverage of cancer in three difference stages- early, major, and advanced. The plan also has following offers:
- On detection of advanced stage, there is a payout of 150% of the sum insured.
- There is an option to get a second opinion.
- A 100% payout for major stage diagnosis and 50% payout at early stage.
2. Star Health- Cancer Care
This Cancer Insurance plan covers the diagnosis, invasive procedures and non-invasive treatments for cancer and provides features which include:
- Compensation of medical expenses for 30 days pre-hospitalisation.
- Medical expenses of 60 days after hospitalisation.
- Recurrence of cancer can be used in claims.
3. Raheja QBE - Cancer Insurance Policy
The plan has no exit age when it is continuously renewed. It offers the following features:
- 50% payment or 2.5 lakh whichever is less is given as lump sum payment on claim acceptance.
- The sum insured ranges between 1 lakh to 10 lakh.
- Coverage for diagnostic investigation along with treatment of cancer.
Conclusion
Cancer patients in search of an insurance cover can switch to standalone cancer care health insurance as it provides them cover over the much-needed financial support. However, it is always advisable to read all the terms and conditions before opting for a cancer insurance plan.
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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.
