Four reasons that will convince you to invest in Cancer Insurance

Cancer, just the mere mention of this word can send a shiver down your spine. This disease is one of the deadliest ones out there and claims well over a million lives all over the world, every year. Apart from the aggressive treatment and the uncertainty of whether it will save the patient, what scares people is the cost of cancer care treatment. Everything from the diagnosis of cancer to the treatment and medication can cost well over 10 lac rupees. Even if one survives this disease it can easily leave you bankrupt. To ensure that does not happen, banks have devised an insurance plan called cancer insurance.

An ordinary health insurance plan does not cover cancer treatment expenses since they are high. If you want to safeguard your family against the financial turmoil caused due to this disease you need to consider investing in cancer insurance plan.  

A cancer policy is designed to meet the specific insurance needs of a cancer patient. However, the pre-requisite for getting insured remains the same even here, the patients who have a pre-existing cancer condition cannot be covered under a cancer specialist policy. A cancer insurance policy ideally covers you against cancer, both at the early and advanced stages. Unfortunately, there are not many insurers committed to offer this kind of cover to the needy.

If you believe that you don’t need this policy, then here are some facts that will probably change your mind.

1.  According to estimates of various global and domestic organisations, lifestyle related diseases like cancer, heart diseases and hypertension are on the rise in India. One out of four Indians is at a risk of contracting one of these diseases before they reach the age of 70.

2.  Cancer treatment can cost you anywhere between 2.5 lakhs to 20 lakhs in just six months. You need something to fall back on when the costs are this high and cancer care Insurance Plans will have your back during this time.

3.  A heart and cancer insurance plan can be tailor made to meet the financial costs arising from the treatment require from one of these ailments. You can either choose one or both heart and cancer cover in your plan. The policyholder will receive lump sum payments throughout the various stages of his or her treatment.

4.  Cancer care insurance also provides a life insurance cover to the policyholder. This cover pays the nominee a certain amount of money in case of the death of the policyholder. This is a good way to secure your family’s’ future in case of the unfortunate.

Buying a Heart and Cancer Care Insurance Plan may seem like an added expense right now, but in the long run it might help you to preserve the finances of your family in a time when they need it the most.