Topic 3: Combat Cancer with Cancer Insurance

Among various illnesses, cancer is a major threat to the life of human beings globally. As per data from Census of India, the death rate due to cancer in India is 97 per 100,000 persons with high prevalence in urban regions. The incidence of cancer is highest among the elder people and among females during their reproductive age.

Cancer is on Upsurge

Types of cancers including skin cancer, lung, stomach, liver, blood, breast and mouth cancer are one of the most common ones. Over 1.15 lakh new cancer cases are registered every year in India. As per Indian Council of Medical Research, in year 2018 more than 4.13 lakh men and 3.71 lakh women died due to cancer. Moreover, 9.81% men and 9.42% women are at risk of developing cancer before the age of 75 years.

The cancer disease has become a major public health concern in India. The treatment expenses for cancer hospitalization is financed through taking debt, sale of assets and get assistance from friends and relatives. The out of pocket expenditure for cancer treatment is among the highest for any illness. More than 60% of households who seek cancer care in private hospitals need to incur out of pocket expenses.

Considering the severe financial implications, you need a disease-based approach to finance the high-cost ailment such as Cancer. In order to meet the cost of cancer treatment, you are advised to choose Cancer Insurance plan that will cover the entire treatment cost and you don’t need to pay from your pocket.

Cancer Health Plan to Cover Treatment Cost

In view of medical advancements, there has been increased chances for early detection and successful treatment of cancer. Although the cost of its treatment is quite huge, by buying cancer insurance plan it’s possible to get the complete cover against cancer treatment cost.

A cancer plan is a specific type of health insurance plan that provides financial assistance for different stages of diagnosis including Carcinoma in Situ (CIS), minor, major & critical. With this cancer cover, your family feel financially and mentally secure to deal with the distressing situation that comes with cancer disease.

Benefits of Choosing Cancer Plan

There are some key factors that focus on the need to buy a Critical Illness Health Plan.

Cover for Treatment Cost

The average cost of cancer treatment is around 15 to 20 lakhs or even high and its cost of treatment is extremely tough to pay from pocket. Buying a cancer insurance plan safeguards you against the huge and cumbersome treatment cost. A cancer plan pay a fixed amount upon getting the treatment done of an insured person.

Financial Back Up

Due to cancer disease, you will not be able to continue your normal lifestyle that will result in loss of income due to poor health conditions and treatment costs make a dent to your pocket. With help of cancer plan, you will not have to meet treatment expenses from your previous savings instead this plan covers cancer treatment expenses.

Peace of Mind Ensured

A cancer insurance plan provides financial aid to cover the treatment expenses of cancer. In case of diagnosis of cancer disease, you will feel assure that there is a plan that will pay the fixed benefits that will cover the entire treatment cost.

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