Popular Cancer Care Plans In India

Cancer is a deadly disease which adversely affects the health. There are various kinds of cancer diseases such as breast, prostate, basal cell, melanoma, colon, lung, leukemia, and lymphoma. The cell division in the affected human body will take place in an uncontrolled way in a cancer patient.
Cancer may spread from one part of the body to another part as well. The basic health insurance will not cover cancer. Hence, it is appropriate to go for cancer care plan to protect your income and to minimize your expenses.

Why should you go for cancer plan?

Cancer can affect any person regardless of the age factor and gender. The number of cancer cases is rising in India and all over the world. The cancer diagnosis and treatment are very expensive. As there is no cure for cancer, the target of the treatment is to increase the life of the individual. When you are diagnosed with cancer, you should be prepared to face the financial battle in a very efficient manner. The cancer care plan will give you protection from the rising costs of cancer care. You can buy a cancer care plan for self or dependents.

The following 4 cancer care plans can be considered:

1. HDFC Life Cancer Care Plan

There are three types of cancer care policies such as silver, gold and platinum. Some plans cover from the diagnosis stage to the recovery stage.

Features of the plan

• The age of the person should be in between 18 and 65
• Minimum and maximum sum assured by the plan is Rs. 10 lakhs and Rs. 40 lakhs respectively.
• The policy term is in between 10 and 20 years.
• The Silver plan gives lump sum benefit on minor conditions (25%) and major conditions (100%). The plan covers early stages as well as terminal cancers. It has premium waiver benefit for three years
• The Gold plan offers rise in sum assured by 10% on annual basis with a maximum cap of 200%. The primary policy amount will not be announced by any claim.
• The Platinum plan offers ‘income benefit’ from the diagnosis date to the next 5 policy years. If the policyholder dies, the financial benefit goes to the nominee.

Benefits

• HDFC life cancer care plan offers comprehensive protection for the entire family.
• Lump sum payout will be released in between the diagnosis and terminal cancer stage
• Premium waiver for next three policy years after the first claim 
• Tax benefits to the extent of Rs. 55, 000.

2. AEGON Religare iCancer Insurance

From the diagnosis to the treatment, all stages are covered by the AEGON Religare iCancer Insurance plan. The plan covers both benign as well as malignant cancer. The policyholder will get payouts at various stages of the disease.

Features

• The age of the person should be in between 18 and 65
• Minimum and maximum sum assured by the plan is Rs. 10 lakhs and Rs. 50 lakhs respectively.
• The policy term is in between 5 and 70 years.

Benefits

• The policy covers all types and stages of cancer
• The lump sum payout will be 150% of the assured sum at the critical stage of the disease
• Payouts are made as per the stage and severity of the disease
• All future premiums are waived off after the claim during the major cancer stage
• Very low premium

3. Max Bupa critical illness plan

The Max Bupa plan covers cancer and other related illnesses. It covers heart disease, end-stage liver disease as well.

Features

• The age of the person should be in between 25 and 65
• Minimum and maximum sum assured by the plan is Rs. 10 lakhs and Rs. 50 lakhs respectively.
• The policy term is in between 10 and 40 years.

Benefits

• The insurance plan covers all stages of the disease
• Covers up to 100% sum assured during the major stage of the disease in between diagnosis and recovery
• 10% increase every year if no claim has been made
• Tax benefits as per section 80D of the Income Tax Act

4. Bharti Axa Cancer Insurance Plan

The insurance plan covers various types of cancer at various stages. The policy can be subscribed without a medical test.

Features

• The age of the person should be in between 18 and 65
• Minimum and maximum sum assured by the plan is Rs. 2 lakhs and Rs. 30 lakhs respectively.
• The policy term is in between 10 and 40 years.

Benefits

• Covers non-malignant skin cancer
• Premium waiver after the first claim
• Tax benefits under Section 80D of IT Act.
• Claims can reach 3 times the sum assured during policy tenure

Conclusion

Cancer will affect the health of the family. Cancer care plans are designed to offer financial protection for the family. You should choose the best plan as per the risk factor and affordability. You can buy best cancer plan online!