Health Insurance for Cancer Patients 

Why Cancer Insurance?

• High Treatment Costs: Cancer treatment is notoriously expensive and often requires prolonged medical care.
• Financial Preparedness: A specialized cancer insurance plan ensures that you are financially prepared to handle these costs without depleting your savings.
• Lump-Sum Payout: Unlike general health insurance, which may not cover all cancer treatment expenses, the best cancer insurance policy is designed to address the specific financial needs of cancer patients.
• Focus on Recovery: Financial support allows patients to focus on their recovery without the added stress of financial strain.

Why Do You Need a Cancer Health Insurance Plan?

• Prolonged Treatment Costs: Cancer treatment often requires multiple rounds of therapy and extended hospital stays.
• Financial Resources: A cancer health insurance plan ensures you have the necessary funds for the entire treatment period.
• Peace of Mind: Provides security, allowing focus on recovery without worrying about financial implications.
• Preparedness: Being insured means you and your family are protected from the financial impact of a cancer diagnosis.
• Comprehensive Coverage: Protects against all types of cancer treatments, including hospitalization, chemotherapy, radiation, and surgery.
• Income Replacement: Provides a monthly income benefit for those unable to work during treatment.
• Tax Benefits: Premiums paid are eligible for tax deductions under Section 80D of the Income Tax Act.

How to Choose a Cancer Health Insurance Policy?

• Coverage: Ensure all stages of cancer are covered with a lump-sum payout upon diagnosis.
• Premium: Compare premiums of different plans to find one that fits your budget.
• Benefits: Look for additional benefits such as a premium waiver, monthly income benefit, and medical second opinion.
• Claim Settlement Ratio: Choose an insurer with a high claim settlement ratio for hassle-free claim processing.

How Does Cancer Health Insurance Work?

• Lump-Sum Payout: Provided upon diagnosis to cover treatment costs, loss of income, and other related expenses.
• Premium Waiver Benefit: Waives future premiums upon diagnosis to ensure continued coverage.
• Monthly Income Benefit: Compensates for loss of income during treatment.

Things to Consider While Buying Cancer Health Insurance

• Waiting Period: Check the period before coverage starts during which no claims can be made.
• Exclusions: Be aware of any exclusions, such as pre-existing conditions.
• Comprehensive Coverage: Ensure the policy covers all stages of cancer.
• Premium Comparison: Compare premiums across different plans to fit your budget.
• Lifelong Renewability: Ensure the policy offers lifelong renewability for continued coverage.
• Network Hospitals: Check the list of network hospitals for cashless treatment.
• Additional Benefits: Look for premium waivers, monthly income benefits, and medical second opinions.

Who is Eligible to Buy Cancer Health Insurance?

• Age: The minimum age should be 18 years; the maximum age allowed is 65 years.
• Medical History: Applicants may need to undergo a medical examination to determine eligibility.

What is Covered in Our Cancer Health Insurance?

• Coverage for All Stages: Includes minor-stage cancer (Carcinoma in Situ and early-stage cancer) to major and advanced-stage cancer.
• Treatment Costs: Covers hospitalization, chemotherapy, radiation, surgery, and other therapies.
• Monthly Income Benefit: Provides compensation for loss of income during treatment.

How Does Cancer Health Insurance Differ from Health Insurance?

• Specialized Coverage: Unlike general health insurance, cancer health insurance is designed specifically for the high costs associated with cancer treatment.
• Lump-Sum Payout: Provides a payout upon diagnosis for various expenses related to cancer treatment.

How to Buy Cancer Health Insurance Plans?

How to Raise a Cancer Insurance Claim?

1. Notify the Insurer: Inform SBI General Insurance about the diagnosis as soon as possible.
2. Submit Documents: Provide necessary documents, including medical reports and bills.
3. Claim Processing: The insurer will process the claim and provide the lump-sum payout.