Key Reasons to Buy a Cancer Insurance Policy in India
21 June, 2023
8 Shares
317 Reads
Share
Health insurance plans offer a wide range of benefits to the policyholder and the insured person. They help cover rising hospital expenses and even offer some value additions like free health check-ups at periodic intervals. The benefits of health insurance plans are comprehensive and widespread. You can choose from various individual health insurance plans and family health insurance plans to meet the costs of future medical care.
However, what if you are looking for something more specific, like - critical illness insurance that covers a range of specific illnesses? Or, what if you want a disease-specific health insurance cover? There are options that you can consider, like - cancer insurance plans, which the critical illness cover offers.
This kind of a cover is particularly relevant today, where estimates by the National Institute of Cancer Prevention and Research (NICPR) show that around 2.25 million people in India live with cancer and more than 1,157,294 new cancer patients are diagnosed with the disease every year. There are many benefits for investing in a critical illness cover which acts as a cancer insurance for yourself and your family. Let’s take a look at some reasons to buy a cancer insurance plan.
Key reasons to buy a Cancer Insurance Policy in India
If you’re on the fence about getting critical illness cover for yourself and your family, it’s a good idea to look at the main reasons behind buying cancer insurance before making a decision.
Here are some such factors that make it necessary to buy cancer insurance -
1. You have a family history of cancer
Some cancers, like ovarian and colorectal cancers, can run in the family. Genetic makeup can increase the risk of developing the disease. So, if you have a family history that increases your risk of developing certain cancers, it’s a good idea to secure your future and buy critical illness cover while you’re young and healthy. That way, you get to experience the advantage of comprehensive cancer coverage at affordable premiums.
A family history need not always mean that you may suffer from the illness. However, since there is the element of added risk involved, getting a cancer cover helps you account for that possibility early in life.
2. You do not have a sufficient financial corpus to rely on
In case of a diagnosis of a serious illness like cancer, the medical costs associated with treating the disease and managing the symptoms can be quite steep. Without adequate financial backup, you may find it challenging to get the best medical care possible. Alternatively, even if you have a financial safety net to rely on, the costs of treatment & hospitalization could erode your savings significantly.
This is another reason to buy a cancer insurance plan. With a critical illness cover backing you up you will find it easier to handle medical emergencies like cancer treatment or surgeries. The pay-outs from cancer insurance plans can go a long way to help you meet costs associated with the treatments, right from consultation costs to hospitalization expenses.
3. You want to supplement your existing health insurance plan
You may already have a general health insurance cover in place, but if you wish to enhance your protection further, you could also invest in a cancer cover to supplement your existing health insurance plan. It is now easy to do that too, considering how you can quickly buy critical illness insurance online after a simple and straightforward application process.
With a comprehensive critical illness plan acting as your cancer insurance cover, you can enjoy security blanket that extends to a variety of cancers. This gives you comprehensive protection against the disease over a long term. Many cancer insurance plans also offer benefits that cover the entire treatment regimen, no matter how extensive it may be. These advantages complement the cover in your general health insurance plan perfectly.
Other reasons to buy a Cancer Insurance Policy -
In addition to the key points explored above, there are also many other reasons to buy a cancer insurance plan. Here are some of them -
- It tries to protect you against inflation-induced spikes in the costs of medical care.
- It gives you benefits like a lump sum pay-out or periodic income.
- It also offers tax benefits on the health insurance premium as per section 80D of the Income Tax Act, 1961.
Conclusion:
So, you now know the importance of cancer insurance plans and how they shield you and your family from rising hospital expenses and secure your future despite the increase in the rate of cancer diagnoses. Keeping these reasons in mind, you can easily buy cancer insurance online after weighing the many options available to choose from.
Secure your Health with comprehensive insurance plans from Niva Bupa
Popular Searches - Health Insurance | Medical Insurance | Best Health Insurance Plans | Health Insurance Plans | Health Insurance Policy | Best Health Insurance Plans | Best Family Health Insurance | Best Mediclaim Policy | Best Health Insurance In India | Best Medical Insurance In India | Best Health Insurance Plans In India | Best Health Insurance Policy In India | Mediclaim | Best Health Insurance For Senior Citizens In India | Best Health Insurance | Health Insurance With Opd Cover | Mediclaim Insurance | Medical Insurance Plans | Best Health Insurance Company in India | Critical Illness Insurance | Personal Accident Insurance | Mediclaim Policy | Individual Health Insurance | Pregnancy Insurance | Maternity Insurance | | Best Family Health Insurance plans in India | Best Health Insurance company | Family Health Insurance | Best Health Insurance plans for Senior Citizens | Mediclaim Policy for Family
Health Insurance Schemes - Chief Ministers Comprehensive Health Insurance Scheme | Employee State Insurance Scheme | Swasthya Sathi Scheme | Pradhan Mantri Matru Vandana Yojna | Government Health Insurance Scheme | Dr. YSR Aarogyasri Scheme | Pradhan Mantri Suraksha Bima Yojna | Health Insurance Deductible | West Bengal Health Scheme | Third Party Administrator | Rashtriya Swasthya Bima Yojana | In Patient Vs Out Patient Hospitalization | Mukhyamantri Chiranjeevi Yojna | Arogya Sanjeevani Health Insurance | Copay Health Insurance | Cashless Health Insurance Scheme | Mukhyamantri Amrutum Yojna
Travel Insurance Plans - Travel Insurance | International Travel Insurance | Student Travel Insurance | Travel Insurance USA | Travel Insurance Canada | Travel Insurance Thailand | Travel Insurance UK | Travel Insurance Germany | Travel Insurance Bali | Travel Insurance Vietnam | Travel Insurance Dubai | Travel Insurance Singapore | Schengen Travel Insurance
Top Hospitals - Best Hospitals in Chennai | Top Hospitals in Delhi | Best Hospitals in Gurgaon | Best Hospitals in India | Top 10 Hospitals in India | Best Hospitals in Hyderabad | Best Hospitals in Kolkata | Best cancer hospitals in Bangalore | Best cancer hospitals in Hyderabad | Best cancer hospitals in Mumbai | Best cancer hospitals in India | Top 10 cancer hospitals in India | Top 10 cancer hospital in Delhi | Multi Speciality Hospitals in Mumbai | Multi Speciality Hospitals in Chennai | Multi Speciality Hospitals in Hyderabad | Super Speciality Hospitals in Delhi | Best Liver Hospitals in Delhi | Best Liver Hospitals in India | Best Kidney Hospitals in India | Best Heart hospitals in Bangalore | Best Heart hospitals in India | Best Heart hospitals in Kolkata | Best Heart hospitals in Delhi
Others - Top Up Health Insurance Policy | Corporate Health Insurance | Health Card | Section 80d of Income Tax Act | Ayushman Bharat | Health Insurance Portability | GoActive Family Floater Plan | Health Companion Family Floater Plan | Health Premia Family Floater Plan | Health Pulse Family Floater Plan | Health Recharge Family Floater Plan | Heartbeat Family Floater Plan | Money Saver Family Floater Plan | Saral Suraksha Bima Family Floater Plan | Senior Citizen Family Floater Plan | Super Saver Family Floater Plan | Corona Kavach Family Floater Plan | Hospital Cash Insurance | Cashless Health Insurance | Health Companion Price revision | Heartbeat Price revision | ReAssure Price revision
COVID - Omicron | Coronavirus Health Insurance | Covid XE Variant | Norovirus
www.nivabupa.com
+91 11 41743397
1860-500-8888
14th Floor, Capital Cyberscape, Sector 59, Gurgaon
- Insurance is a subject matter of solicitation. Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) (IRDAI Registration Number 145, Category:Health), 'Bupa' and 'HEARTBEAT' logo are registered trademarks of their respective owners and are being used by Niva Bupa Health Insurance Company Limited (formerly known as Max Bupa Health Insurance Company Limited) under license. CIN: U66000DL2008PLC182918
- 1 Niva Bupa processes pre-authorisation requests within 30 minutes for all active policies, subject to receiving all documents and information(s) up to Niva Bupa’s satisfaction. The above commitment does not include pre-authorisation settlement at the time of discharge or system outage.
- 2 Since Inception refers to claim data from 2010 till December 2023.
- 3 ReAssure 2.0 Premium: The premium is including taxes and for Bronze Variant, for a 25-year-old individual living in Delhi.
- 4 Aspire Premium: The premium is including taxes and for Gold+ Variant, for a 25-year-old individual living in Delhi.
- 5 Senior First Premium: The premium is including taxes and for Gold Variant, for a 65-year-old individual living in Delhi.
- 6 Health Premia Premium: The premium is including taxes and for Silver Variant, for a 25-year-old individual living in Delhi.
- 7 SmartHealth + Disease Management Premium: The premium is including taxes and for Disease Management Gold Variant rider when bought with ReAssure 2.0 Bronze variant with Base Sum Insured of 5 lacs, for a 25-year-old individual living in Delhi.
- Beware of spurious / fraud phone calls! Do not share your confidential information like Debit / credit card number, Internet Banking User ID/Password, Pin, CVV, OTP, etc. with anyone. Avoid clicking on attachments / payment link received in mails / message from unknown sources. IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment or premium. Public receiving such phone calls are requested to lodge a police complaint. Do not respond to unsolicited and attractive offers received through unidentified calls, emails, SMSs, and other social media platforms. Beware of misleading telephone calls from people posing as Niva Bupa officials, agents, IRDAI Officials, Officials from ECI (Office of the Executive Council of Insurers) etc. and offering alluring benefits or sharing false information on your policy or on Niva Bupa. Niva Bupa shall not be responsible for any loss or damages whatsoever for any acts or omissions arising out of such spurious calls, and all customers are advised to contact our customer care at 1860-500-8888 and verify any representations or promises made by any such spurious callers before acting upon the same.