6 Things to Remember Before Buying a Cancer Insurance Plan in India
26 May, 2023
67 Shares
660 Reads
Share
Did you know that the cases of cancer in India doubled up in just 26 years, with over 14 lakh reported cancer patients in 2016? What's worse is that the number is only increasing and we are at more risk today than ever before. Research also shows that while most cancers are treatable with high success rates, India still falls back because most people don't find it affordable and accessible. So, ask yourself, in an unforeseen circumstance if you are required to get cancer treatment for yourself or any of your family members, would you be able to afford it or will you leave it to chance?
Did that question make you anxious? Don't worry, a good critical illness health insurance can take care of your treatment expenses not just for cancer but many more such serious diseases. So, how does one find a good plan?
1. Understand your Needs
Looking for an insurance plan online will throw up a number of results, but you'll only be able to pick the right one if you understand your needs. Prepare a list of your possible requirements based on personal factors such as family history (genetic risk of certain diseases), age limit you will require, the sum insured you want etc. Once you are done with that, then begin comparing plans on the internet to find one that suits you best.
2. Evaluate your Options
There are many options available for you nowadays for protection against most critical illnesses. For starters, you must decide whether you want to invest in a separate cancer insurance plan or you want to opt for it as an add-on with your existing health insurance policy. If you are opting for coverage for your entire family, it is generally recommended to opt for a separate plan as you can opt for a higher sum insured that way. The add-on, on the other hand, is a great alternative for an individual as it modifies your existing plan to give you coverage at an affordable price.
3. Look for Maximum Features
As with any health insurance plan, we all look at getting the most extensive coverage at the most affordable cost. The first thing to check for in a critical illness plan is the number of diseases you are getting coverage for. Niva Bupa provides you coverage against 20 critical illnesses including cancer and kidney diseases. Another factor to look for is the age limit, as most insurance plans will cover the insured up to the age of 70. Hence, look for a plan that gives you coverage for the maximum amount of time possible.
Pro-tip: Look for discounts on your premium wherever you can. For example- Niva Bupa offers you a discount on your premium if you opt for a 2-3 year policy period.
4. Understand the Benefits
It is essential to know the benefits that you will get if you are diagnosed with cancer or any other critical illness. Some cancer plans will offer a payout of around 25% on diagnosis of cancer at an early stage, with the remainder of the payout given only upon the death of the insured. Some of them will provide you with the option of a monthly payout that will simulate earnings and replace any earnings lost during that period.
However, do read the terms, conditions and exceptions carefully. For example, the insured has to survive for at least seven days from the time of diagnosis of cancer for the payout to be made. There might also be a waiting period between claims defined in the insurance plan.
5. It doesn't Replace your Regular Insurance
An insurance plan that is specifically designed to cover critical illnesses will not necessarily replace your health insurance plan, so please make sure you understand the difference between the two. Similarly, a critical illness plan might not offer any benefit on the death of the insured, as a term insurance plan will.
Consider all your options before you decide on the exact combination that works for you.
These tips can help you decide on a plan that works best for you and your loved ones. All you need to do is visit the insurer's website and check out the plans they have to offer. Niva Bupa offers you a separate plan- Criticare (critical illnesses plan), along with an add-on with your existing plan.
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.