What Cancer is Covered by Critical Illness Insurance?

Cancer is a life-threatening disease that requires extensive medical treatment and financial resources. While critical illness insurance provides financial support for severe health conditions, its coverage for cancer varies based on the policy terms.

 This article explores the types of cancer covered under critical illness insurance and other crucial details related to it.

What are the Different Types of Cancer Covered by Critical Illness Insurance?

The following are the different types of cancer covered by critical illness insurance:

1.Breast Cancer
Breast cancer occurs when abnormal cells in the breast multiply uncontrollably, leading to tumour formation. If not treated in time, these tumours can spread to other parts of the body and become life-threatening.

2.Lung Cancer
Lung cancer develops when cells in the lungs grow and multiply uncontrollably. It is the primary cause of cancer-related deaths in both men and women.

3.Ovarian Cancer
Ovarian cancer originates in the ovaries, peritoneum or fallopian tubes. It can impact women, some transgender men, and non-binary individuals assigned female at birth.

4. Hypolarynx Cancer
This is a rare and aggressive form of throat cancer that develops in the lower part of the throat. It falls under head and neck cancers and occurs when cells in the hypopharynx mutate and grow uncontrollably.

5.Prostrate Cancer
Prostate cancer originates in the prostate gland, which is part of the male reproductive system.

6.Stomach Cancer
Also known as gastric cancer, it is a malignant growth that forms in the lining of the stomach.

Before opting for a critical illness insurance plan, it is customary to read the policy document to understand which types of cancers are covered. 

What are the Features of Critical Illness Insurance Coverage?

Critical illness insurance provides financial support in case of a severe health condition. Here are some notable benefits of this coverage:

●Upon diagnosis of a covered critical illness, the policy offers a lump-sum payout that can be used for medical treatment and other related expenses. For cancer, the insured receives a lump-sum amount after the first diagnosis.
●Compared to standard health plans, a critical illness policy is more cost-effective as it covers only specified critical illnesses.
●This coverage can be purchased as a standalone policy or as an add-on (rider) to an existing health insurance plan.
What are the Limitations of Critical Illness Insurance for Cancer?
While critical illness plans provide financial relief, there are certain drawbacks when it comes to cancer coverage:
●Since cancer is classified as a pre-existing disease (PED), it is covered only after a specific waiting period.
●Many critical illness policies exclude complications arising due to cancer.
●Coverage is typically limited to early-stage cancer.
●If cancer symptoms appear within the first 90 days of policy issuance, the coverage may not apply.
●Unlike specialized cancer insurance, a general critical illness plan provides only a lump-sum payout and does not waive future premiums for the insured. A dedicated cancer insurance plan is a better option for comprehensive coverage.

Why Should You Consider a Cancer Health Insurance Plan?

Before opting for a cancer insurance policy, it is essential to know the key advantages it offers:

●A well-structured cancer insurance plan provides coverage for multiple types of cancer in both men and women, whether diagnosed at an early or advanced stage. The policy ensures financial stability by offering a lump sum payout upon diagnosis.
●It includes coverage for recurrence, metastasis, and second malignancies that are unrelated to the initial cancer.
●Cancer insurance plans typically cover breast, ovarian, lung, stomach, hypopharynx, and prostate cancer, among others. They also provide financial support at different stages, including diagnosis, treatment, and surgery.
●Certain insurance providers extend coverage to non-cancer medical conditions within their cancer care policies.
●Most cancer-specific health insurance plans do not require pre-medical screening. However, past medical records and treatment details must be submitted with the application.
●Additionally, premiums paid towards these policies qualify for tax deductions under Section 80D.

While critical illness insurance provides financial aid for cancer, its limitations may leave gaps in coverage. A specialized cancer health insurance plan ensures broader protection and financial stability. 

For comprehensive cancer care, check out the Star Star Cancer Care Platinum Insurance Policy today!

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