Home / Insurance / Why you Need a Dedicated Insurance Plan for Cancer

Why you Need a Dedicated Insurance Plan for Cancer

Cancer is one of the most dreaded diseases that has impacted the human civilization catastrophically. With changing lifestyles and health habits, an increasing number of people are falling prey to the scourge of cancer. There are around 2.5 million cancer patients in India. Around 500,000 people die of cancer each year. Over 800,000 new cases of cancer are registered each year. Some of the most common cancers include breast cancer, prostate cancer, colon and rectum cancer, lung and bronchus cancer, melanoma of the skin, non-Hodgkin lymphoma, thyroid cancer, bladder cancer, kidney and renal pelvis cancer, endometrial cancer, leukaemia, and pancreatic cancer. It is projected that approximately 39.6% of the population will be diagnosed with this dreadful disease. This statistic, as we can see, is extremely disquieting.

Smoking, exposure to radiation, substance abuse, unhealthy diet, sun and UV exposure are some of the few baneful things that cause cancer. However, no one truly tell as to how this dreadful disease might afflict you. Such critical illnesses often disrupt the regular course of life, affecting a person and his family, physically, emotionally, and financially. Not to mention how the whole process of diagnosis and treatment put a heavy toll on your finances, compelling you to break your savings or, in exigencies, borrow funds.

Critical illness insurance plans offer the required financial support for medical treatment. Illnesses such as heart attacks, and strokes are cover under this plan. For instance, if person X is diagnosed with cancer, then he will receive reimbursement through critical illness insurance plan. The funds received will be adequate to pay of the medical bills and hospitalization charges. However, there are different types and stages of cancer, some of which do not qualify for a claim under critical illness insurance plan. Furthermore, a severely affected person may exhaust the cover received for treatment in the initial stages itself, leaving him with nothing for the latter stages. During such situation, your critical illness plan will not provide the necessary financial aid, thereby forcing you for other desperate options.

Dedicated insurance plan for cancer treatment, such as Aegon Life’s iCancer plan, can be godsend. This plan covers over 100 types of cancer, all of its stages, and offers 150% of sum assured benefit payment at critical stages.

To prevent the patient from economic burdening, the plan is crafted to provide stage-based benefit payments that are disbursed across three stages of cancer. Furthermore, once a claim is filed, all the further premiums for the policy are waived off and you receive payment benefit to avail medical treatment.

Getting afflicted by cancer is one of the few unfortunate events that can happen in life. With iCancer, you are not in this battle alone, the plan is present to provide monetary aid for medical treatment at all stages, thus helping you to get rid of this malaise without having to face economic hardships.

Check Also

What makes ULIPs so attractive to the Indian psyche?

Most of the financial advice doled out to us by well-meaning parents, relatives, or friends …

Leave a Reply

Your email address will not be published. Required fields are marked *