Which Insurance Cover Cancer?
The average cost of cancer treatment in India ranges from ₹2.8 Lakh to ₹27.5 Lakh and tends to depend on the type, stage and treatment involved. Under such circumstances, having a health insurance policy that covers cancer-related expenses can safeguard both health and finances.
Now, there are several types of health insurance plans that provide coverage for cancer. So, if you plan to invest in such a policy, knowing the various available types can help you make an informed decision.
1.Health Insurance Policies With Cancer Coverage
Standard health insurance policies are required for cancer treatment, but they might not be sufficient to cover the expense of diagnosis, treatment, and post-treatment care. Cancer treatment is complex, with long-term treatments, drugs, and therapies that go beyond general coverage.
When choosing a health policy, ensure that it covers cancer treatment from diagnosis through recovery, including chemotherapy, radiation therapy, immunotherapy, and surgery. Certain health policies have dedicated riders for cancer care that can help fill coverage gaps, providing extra protection against cancer expenses.
2.Cancer-Specific Insurance Policies
Cancer-specific policies provide special protection and are designed for individuals diagnosed with this disease. Such plans typically offer a lump-sum benefit or reimbursement for cancer-related expenses, providing a financial cushion during the treatment.
For example, Star Health offers the Star Cancer Care Platinum Insurance Policy for early, primary and advanced stages of cancer. It covers expenses such as chemotherapy, radiation treatment, hospital stays, surgeries, and hospice care.
3.Critical Illness Insurance
Critical illness insurance is a popular option for individuals looking to protect themselves against the financial consequences of severe illnesses, such as cancer. This policy pays a lump sum if the insured person is diagnosed with one of the covered critical illnesses.
Such policies pay for treatments like surgeries, hospitalization, and medication. However, carefully read about the extent of cancer coverage and waiting periods. The Star Health Critical Illness Plan offers a lump sum payment on cancer diagnosis for treatment, recuperation, and family care.
Coverage for Cancer-Related Expenses
A good cancer insurance policy should pay for:
●Hospitalization Expenses: Admission charges, surgery, and inpatient stay while undergoing cancer treatment.
●Chemotherapy and Radiotherapy: Some plans include coverage for outpatient chemotherapy and radiotherapy, while others may require riders.
●Surgeries and Procedures: Life-threatening surgeries for cancers, such as mastectomy, organ removal, and tumor excision, must be covered, along with post-surgical rehabilitation.
●Post-Treatment Care: After cancer treatments, the cost of physiotherapy, follow-up consultations, and other rehabilitation services should be included.
●Palliative and Hospice Care: End-of-life care, such as pain management and home care, should be considered in your plan.
The Importance of Early Diagnosis and Pre-Existing Conditions
Some insurance policies, including critical illness and cancer plans, offer benefits for early-stage cancer diagnosis. They may provide a partial payout upon diagnosis, ensuring that the insured receives financial support even during the early phases of treatment.
In this regard, the Star Cancer Care Platinum Insurance Policy covers early-stage and advanced cancer treatment, offering comprehensive protection.
Also, most insurers will have a waiting period for pre-existing illnesses, so if you've ever had cancer or other serious conditions, you may have to wait before the policy provides full coverage. You must carefully read these clauses and ensure you're covered for the entire benefit of your cancer insurance policy when you require it.
How Star Health Can Help?
Star Health offers a variety of policies designed to address cancer-specific needs, including:
●Star Cancer Care Platinum Insurance Policy: This plan provides a lump-sum payout upon cancer diagnosis, covering various treatments like chemotherapy, surgeries, and radiation therapy, and offers post-treatment benefits for comprehensive financial support.
●Critical Illness Plan: The Critical Illness plan of Star Health insures several critical illnesses, including cancer, and provides a lump sum to be used for treatment or other associated expenses.
●Top-up and Super Top-up Plans: Star Health also provides top-up policies that enhance the coverage of your basic health insurance, providing additional financial security against major treatments, including cancer.
Cancer insurance is essential for financial and emotional stability during the diagnosis and treatment. Choose comprehensive plans like the Star Cancer Care Platinum Insurance Policy, which provides coverage from diagnosis to recovery post-treatment.
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This FAQ page contains information for general purpose only and has no medical or legal advice. For any personalized advice, do refer company's policy documents or consult a licensed health insurance agent. T & C apply.