Insurance for Cancer Patients

Insurance for Cancer Patients

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Insurance For Cancer Patients

Cancer treatment is very expensive. For this reason, many types of cancer insurance are available in markets nowadays to fight this disease. Which can be taken by paying a small amount every month.

This insurance policy covers every stage of cancer and gives compensation. But now the question is, why is it appropriate to get cancer life insurance? Why should every person take this insurance?

So, let us tell you, the WHO (World Health Organization) estimates that every Indian family will have at least one cancer patient, while according to some media reports, one in every six or eight Indians is suffering from cancer at some point.

At the same time, according to another report of this institution, the cancer rate is currently at the highest level in India, which was 1.5 million in 2017 and is expected to increase to 17.3 lakh in the year 2020.

At the same time, the World Health Organization’s International Agency for Cancer Research ranked India at number three among the maximum mat hematological cancer patients’.

If you believe that cancer is a genetic disease, then you should know that 70 to 90 percent of all cancer cases are related to lifestyle and environmental factors.

What Is A Cancer Insurance Policy?

A cancer insurance policy is a fixed benefit plan in which the insured is paid the sum assured without the need for hospitalization of the insured.

A cancer insurance policy covers all stage cancers and provides compensation at every stage. Apart from this, these schemes also provide additional benefits such as minor stage cancer, multiple unrelated cancer claims, and minor life cover.

There is no doubt that a cancer insurance policy is the best way to protect your property and the savings are during the treatment of your disease. ”

Which Plan Of Cancer Insurance Policy Is Better?

When purchasing a cancer insurance policy, only the plan with the maximum insurance amount should be purchased.  Also, it is important to consider the details of the entire sum insured, as the treatment method is different for each type of cancer.

With the maximum sum insured, the insured can get the best cancer treatment with the latest technology without spending their entire life savings.

Cancer treatment cost in India, it would be good to buy a plan of at least Rs 20-25 lakhs.

When To Buy Cancer Insurance Policy?

When choosing a cancer insurance plan, keep in mind that it will have a waiting period during which you will not be able to receive benefits. So buy a policy that has a minimum waiting period. Generally, most insurance policies have a waiting period ranging from 180 to 365 days.

Cancer insurance plan, insurance is paid in all stages of cancer, ranging from 20 to 25 percent in the initial stage, and 100 percent in the advanced stage, although in some plans pay up to 150 percent of the insurance amount.

When Can You Not Get Cancer Insurance?

In some situations, companies do not insure cancer, including insurance, skin cancer, sexually transmitted disease, HIV, or direct or indirect cancer, for any congenital cause that was cancer before AIDS.  Cancer is caused by exposure to radiation, radioactivity, cancer caused by biological, nuclear, or chemical pollution.

Also Read – Importance of Family Health Insurance for Family

Part-1  video version is also available here

Part-2 please see bottom of the article.

List Of Some Best Cancer Insurance Policy Companies

1. Cancer Insurance Aflac

In the United States, Cancer insurance Aflac is the largest provider of supplemental insurance. It was established in 1955 and has an AM rating and best financial stability ranking of “A+.”

Its cancer programmes are available via workplace plans or directly to people, and coverage is flexible, ensuring that your employer plan coverage follows you if you change jobs.

You will get a lump sum or a payment of up to $1000. The choices available differ by state, and coverage starts after a 30-day waiting period.

The Aflac cancer policy includes treatments such as cancer welfare screening, chemo, radiation, experimental treatment, stem cell replacement, and bone marrow transplant, as well as hospitalization benefits, care benefits, ambulance, transportation, and lodging.

There are three cancer diagnosis benefits: early diagnosis, medical imaging with diagnosis, and NCI evaluation/consultation.

Aflac is known for its fast claim payment. Its “One Day Pay” Aflac is available for some claims submitted online via the “Smart Claim” process. To be paid the next day, the claim must be submitted by 3 p.m. ET with all the necessary documentation.

Some Cancer Plan Benefits

First-time profit

Cancer insurance Aflac will pay $ 5,000 to the insured, $ 5,000 to the partner, and $ 7,500 to the children when a covered person is diagnosed with internal cancer.  This benefit is payable only once, as each payment will be made in addition to the person covered in this policy and any other benefits.

Hospital Confinement Benefit

When a covered person’s time is limited Aflac will pay $ 300 per day. For the treatment of cancer, a room is charged in the hospital and as a patient. With continuous imprisonment on the 31st, the profits increase to $ 600 at the beginning of each day.

Medical Imaging Benefits

MRL will pay $ 200 per calendar year if a fee is levied for each covered person who performs an initial assessment or follow-up assessment of internal cancer using the following medical imaging examination: MRI, CT scan, multiple gated  Acquisition (MUGA) scan, bone scan, positron emission tomography (PET) scan, or transrectal ultrasound.

Radiation And Chemotherapy Benefits

Aflac will pay $ 300 per day when there is a fee for a covered person who receives one or more after cancer treatment for modification or abnormal tissue destruction:

1. Cytotoxic chemical substances and their administration cancer treatment:

  • Injections by medical personnel at the doctor’s office, clinic, or hospital.
  • Self-injected drugs (limited to $ 300 for treatment per day, subject to $ 2,400 monthly for all medications).
  • Drugs (limited by one pump or $ 300 for initial prescription and $ 300 for each pump refill, subject to $ 1,200 monthly of all drugs).
  • Oral chemotherapy, even if administered (limited to $ 300 per month, subject to a monthly maximum of $ 1,200 for all prescriptions).

2. Radiation therapy.

3. Entry of interstitial or intracavitary application radium or radioisotope.

Immunotherapy Benefits

Aflac will pay $ 500 per calendar month, during which there is a fee for a covered individual who receives immunoglobulin or colony-stimulating factors as prescribed by a physician as part of an internal cancer treatment.

2. Cancer Insurance Allstate

In the unfortunate event that you are diagnosed with cancer, having this coverage in place can help cover the cost of cancer treatment. Individuals and families will get cancer coverage that is renewable for life.

This can help with medical costs that your current health insurance coverage does not cover, such as:

  • Hospital stays
  • Transportation
  • Doctors bill
  • Taking care of children

For answers to your questions about critical illness coverage, cancer coverage, and more, talk to your local cancer insurance Allstate agent.

3. Cancer Insurance Mutual Of Omaha

Cancer insurance Mutual of Omaha is a well-known and well-respected insurance firm. It offers two types of cancer policies, including a lump sum policy and a cancer care treatment policy. 

Cancer care and critical illness are combined, so you are covered for conditions and sudden illnesses such as a heart attack or stroke.

Individuals and families may purchase policies with terms ranging from $ 10 to $ 15, 20, and 30 years, or lifetime coverage policies ranging from $ 10,000 to $ 100,000 in policy terms. Loss of income and travel expenses are two additional coverage options.

4. Cancer Insurance Metalife

Cancer plans from MetaLife are available via employer benefit programs and provide coverage in lump sum payments for annual screening, early diagnosis, cancer recurrence, cancer treatment, hospitalization, and more.

Premium charges are deducted from your salary automatically. (If you change jobs during the policy term, you can take your coverage with you.) No exam is required to obtain coverage and is a renewable guarantee. There is also no waiting period for coverage to begin.

Frequently Asked Questions

If you have cancer, you cannot get cancer insurance. Some companies will deny your cancer insurance coverage if you have or have had cancer in the past, only Star Health Insurance will give you cancer insurance if your cancer is in the first or second stage but if you are 67 years old then Star Health Insurance will not give you cancer insurance.

If you already have cancer before taking insurance then you will not get a claim, but if you have had it after taking the cancer policy, then you will get the claim.

But in the cancer policy of Star Health Insurance, if you have cancer before taking the policy, you will get the claim even after the waiting period of 18 months.

In this study of 589 published articles on secondary data analysis of PubMed-listed NHIRD between 2002 and 2015, we found that cancer risk factors, cancer patients, and cancer treatment survival were popular research topics.

Cancer care issues at the end of life were poorly studied. Further studies should explore these areas as they are important for many patients as they are for the treatment of the disease.

No, there is no need for an income declaration for SBI cancer insurance cover. There is no need to produce income certificate documents for ICICI cancer insurance cover.

If your mother has cancer then you will not be able to get cancer insurance for your mother but if your mother has cancer is in the first or second stage then Star Health Insurance will give your mother cancer insurance.

Cancer insurance is designed to meet the specific insurance needs of a cancer patient. However, the precondition for obtaining insurance remains here, patients who have pre-existing cancer status will not come under the purview of cancer insurance.

However, it is almost not possible to buy or link an insurance policy that can cover a person who has already got cancer

Part-2 video version of the article:

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