Insurance

How Is A Cancer Insurance Plan Your Absolute Recourse?

Cancer Insurance Plan

January 10th, 2022   |   Updated on January 14th, 2022

A healthy body is a blessing, and nobody wants to be diagnosed with a life-threatening condition like cancer.

Cancer is one of the critical ailments that can cause tremendous financial distress. Due to the medical inflation, cancer treatment may cost you a fortune if you are not equipped with a comprehensive cancer insurance plan to safeguard you in times of crisis.

If you ever face alarming symptoms that worry you, you should always consult an experienced doctor and share your concerns. You might have to go through laboratory tests to find out the nature of cancer and it’s stage.

However, in such a situation, a cancer insurance comes to your rescue and saves you from financial burden during your treatment.

Read Below About A Cancer Insurance Plan To Be Informed About Its Necessity During Vulnerable Times.

What Is Cancer Insurance?

A cancer insurance policy can prove to be a solid financial support in the future in situations where you incur hefty medical bills due to long tailed treatment of cancer.

Why Should You Buy Cancer Insurance Plan?

The rise in cancer cases in our country is a wake-up call. Unhealthy lifestyle choices and a family history of cancer are two major risk factors.

Sudden diseases can affect your mental, physical, and financial well-being. As a result, it is critical to consider a plan that provides financial security in such a case.

Another reason to get cancer insurance early in life is that you might not be able to obtain a cancer health insurance policy that covers the condition after you’ve been diagnosed.

Furthermore, cancer is a life-threatening condition that needs long-term treatment. Even if you don’t have a family history of cancer, the disease might strike for various reasons. You will need a safety net that supports you financially while fighting cancer.

7 Convincing Reasons To Buy A Cancer Insurance Plan Today-

Medical Inflation

In recent years, India has witnessed a massive rise in medical costs. With the rapid growth of cancer cases nationwide, the cost of blood transfusion, chemotherapy, radiotherapy, hospitalization, and other medical facilities has markedly increased.

The availability of a cancer insurance plan can save you from stress and anxiety during your battle against cancer.

Rising Cases Of Cancer

According to WHO reports, cancer is one of the leading causes of death worldwide, accounting for nearly 10 million deaths in 2020.

Precaution is always better than cure, and if you take timely decisions, you can be armoured against health conditions that occur suddenly.

Coverage Of All Kinds Of Cancer And Stages

One of the most important things about the cancer insurance plan is that it gives you coverage for all kinds of cancer at all stages.

Hefty Diagnostics And Treatment Costs

Medical treatments can burn a hole in your pocket if you don’t have a financial backup. Chemotherapy, radiation, surgery and other cancer treatments costs are significantly high.

Furthermore, the expenses of blood transfusions, hospitalization, the usage of various pharmaceuticals, equipments, resources, and other medical facilities contribute to the overall cost of treatment for cancer.

No Claim Bonus

Many healthcare providers provide a no-claim bonus of up to 10% for every claim free year.

Tax Benefits

The tax liability reduces when you buy health insurance for yourself and your family. You may be eligible for a tax deduction of on premium paid of up to Rs.75,000 under Section 80D of the Income Tax Act, 1961.

Saves From Last-minute Financial Struggle

Everything that comes uninformed brings along a financial burden . A comprehensive cancer insurance plan can save you from the last-minute financial struggle.

Wisely chosen cancer insurance ensures financial backup when you are in crisis. Care Health Insurance offers cancer insurance with various policy benefits, including no claim bonus, annual health check-up, lifelong renewability, and cashless hospitalization at over 16,500+ network provider.

All you need to do is to focus on your needs and invest prudently in a health insurance plan that will secure your finances while ensuring your wellbeing.