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Cancer Insurance

Cancer Insurance is a medical cover offering financial and healthcare protection against major cancer-related treatment expenses at all stages. The policy offers lifelong-renewability and wide sum insured options.

  • Lifelong cancer protection at an unbeatable price
  • Easy Monthly and Quarterly Instalment Option
  • Get rewarded for each claim-free year
  • Coverage for Chemo, Radiotherapy & more
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What is Cancer Insurance Plan?

A cancer insurance policy is a financial cover that lowers the burden of cancer treatment with coverage for hospitalisation, therapies, and other non-medical expenses. It is a financial safety net that helps people during the unprecedented detection of cancer. The cancer insurance plan offers complete protection from pre-hospitalization tests to patient care and post-hospitalization treatments. This way, people across ages can secure their health and savings against the life-threatening cancer disease accounting for over 10 million deaths in 2020.

Cover Highlights

Air Ambulance Cover

Air Ambulance Cover

Annual Health Checkup

Annual Health Checkup

Chemo and Radiotherapy Cover

Chemo and Radiotherapy Cover

Cover all major types of Cancer

Cover all major types of Cancer

Organ Donor Cover

Organ Donor Cover

Why Should You Buy Cancer Insurance Policy?

Every year, over ten lakh people are diagnosed with cancer in India, and another six to seven lakh people lose life to this life-threatening condition. Studies anticipate that India might witness over 17 lakh new cancer patients by 2035 and 12 lakh deaths per year. The alarming facts and unprecedented health conditions are the major reasons why you should opt for cancer coverage. Other critical reasons to buy a cancer insurance plan are:

 

Increasing Cancer Cases

Cancer is the leading cause of death worldwide– pointing to the need of early detection and timely treatment and care

 

Expensive Treatment Cost

Treatment cost of cancer goes in lakhs and sometimes beyond; thus you need suitable coverage & security for a lifetime.

 

High Risk of Ailments

Old age people are most vulnerable to the risk of cancer due to age-related ailments and weaknesses, that must be covered.

 

Financial Struggles

Cancer is a terrifying condition that pushes people into the financial and emotional turmoil that can be avoided with a mediclaim.

 

Family History of Cancer

If you have a family history of chronic or heavy chain diseases, you should opt for a plan covering several cancer conditions.

Key Features of Care Cancer Insurance Policy

how insurance works why choose travel insurance

 

How Does Cancer Insurance Work?

Cancer insurance works on the same indemnity principle as other health plans, with a fixed sum insured for a payout of regular premium amounts. One can buy a cancer cover on an individual basis for a tenure of 1, 2, or 3 years.

The foremost step is to determine how much coverage is suitable for you based on your health status and budget. Once you choose an adequate sum insured, you can file for a cancer-related claim after completing the required waiting period of initial 90 days and 2 years for pre-existing diseases. Also, you can pay the premium in easy instalments in a monthly or quarterly mode. Note that your sum insured is bound to increase by a maximum of 50% as a reward for staying healthy and maintaining a claim-free year. Learn more about how cancer insurance works with the help of the below example.

how cancer plan works how cancer plan works

Who is Eligible to buy Health Insurance for Cancer Treatment?

People below 50 years of age are eligible to secure their lives with a Cancer Insurance Plan by Care Health Insurance. Here are some other crucial cancer policy details:

Cancer Insurance Plan Details

Minimum Entry Age

  • Adult: 18 years or above

  • 5 years on Individual Basis

  • Child: 91 days to 4 years with at least 1 member of age 18 years or above.

Maximum Entry Age

50 Years

Exit Age

No Bar

Cover Type

Maximum 6 Persons on Individual Basis

Tenure

1/2/3 Years

Pre-policy Medical Check-ups

No Medicals Required

Sum Insured Options

10 Lakhs to 2 Crores

What is Covered in Our Cancer Insurance Plan?

An unhealthy lifestyle, physical inactivity, smoking, and drinking are the major causes of cancer. That’s why you need complete protection against the health risks arising due to cancer. Check out the wide-ranging coverage and benefits of the cancer cover policy by Care Health Insurance:

 

Comprehensive Protection at All Stages

Our Cancer Care Plan secures your health and finances against all the stages of cancer– starting from detection and tests to therapies and recovery sessions

 

In-patient Hospitalisation

We have your back during the entire hospitalisation period with in-patient coverage for room charges, doctor’s fee, oxygen, etc., up to the sum insured

 

Pre & Post-hospitalisation Expenses

We share your burden right from the medical examinations to the recovery phase with 30-days pre and 60-days post hospitalisation coverage up to the SI

 

Chemotherapy & Radiotheraphy Cover

The policy provides coverage for the essential chemotherapy and radiotherapy expenses up to the sum insured through cashless and reimbursement facility

 

Day Care Treatments

The Cancer Mediclaim covers several day care procedures involving less than 24 hours, including neurology, oncology, pediatric surgery, and others

 

Annual Health Check-ups

As a preventive care measure, the policy covers health check-ups once every year, including tests like CBC, ECG, KFT, and others as per policy terms

 

Quick Recovery Counselling

The policy contains several health services like quick recover counselling, doctor on call, and a digital health portal for all your wellness needs

 

Ambulance Cover

We ensure that you reach the hospital without worrying about the bills. The policy covers ambulance expenses up to INR 3000 per hospitalisation

Exclusions under Cancer Insurance Plan

With adequate coverage and unique benefits, a cancer insurance plan offers the right security against financial crunches. However, before you buy a plan, it is essential to read the health insurance documents thoroughly and be informed about the following exclusions:

  • Under the policy, there is a 90-days initial waiting period. If the insured receives a diagnosis of illness or undergoes some medical operation during this period, the insurer will not cover the expenses.

  • The cancer insurance does not cover suicide attempts or suicide by self-inflicted injury.

  • Any disease caused by consumption of alcohol, tobacco, or cigarettes is excluded.

  • Cosmetic or plastic surgery, as well as similar treatments are not covered.

  • Pregnancy, miscarriage, childbirth, maternity care, including C-sections, abortion, or complications of any of the conditions etc. are excluded.

  • All hazardous activities are not covered.

  • A nuclear, chemical, or biological attack, as well as weapons that may cause significant damage is considered as a permanent exclusion.

  • Illness or injury incurred by the insured's criminal intent to break the law is not covered by the cancer policy in India.

Free-look Period in Cancer Insurance Policy

Some of the best cancer care plans in India provide a 15-day Free Look Cancellation period, allowing prospective policyholders to review the policy's terms and conditions before committing to it. If you find them unsatisfactory, you can return the policy documents, expressing dissatisfaction which will allow for a refund of the premium charged, as per the terms and conditions of the policy.

How to File a Claim under a Cancer Insurance Plan?

Filing a claim under cancer insurance is similar to filing a claim under your standard health plan. At Care Health Insurance, our in-house claims department ensures that your claim requests are addressed and processed with the given TAT while promising a seamless process. You can easily raise a cashless or reimbursement claim by following these steps:

Please note, you must inform our claims team within 24 hours in case of emergency hospitalisation and 48 hours prior to any planned hospitalisation.

Cashless Claim Process Reimbursement Claim Process
  • Step 1: Go to a listed in-network hospital.

  • Step 2: Fill out the proper forms at the insurance desk.

  • Step 3: Send the completed form to our claim management team.

  • Step 4: You'll get an approval letter when your claim is verified.

  • Step 5: Respond to queries from the claim management team.

  • Step 6: You will receive communication about whether your cashless claim is approved or rejected within the standard TAT.

  • Step 1: Submit your claim form along with other required documents.

  • Step 2: You'll get an approval letter when your claim is verified.

  • Step 3: Respond to queries raised by the claim management team.

  • Step 4: Get approval from the claim management team.

  • Step 5: You will be contacted by our claims team if there are specific reasons for rejecting your claim.

How Does Cancer Insurance Differ from Health Insurance?

Cancer care plan and health insurance work on the same principles of indemnity, yet differ with respect to coverage, sum insured options, and eligibility. Also, you may be insured under a standard health cover but would still need a separate cancer insurancecancer insurance plan to ensure protection against cancer-related medical expenses. Here, read about the major differences between the two plans:

Factors Cancer Insurance Health Insurance

Coverage

A comprehensive cancer care policy covers all incurred medical expenses related to cancer.

Covers the general medical and surgical costs of the insured person. Hospital costs are covered and there may be sub-limits for room rent, etc.

Who Should Buy?

 

Individuals who have higher risks should consider the cancer care plan.

In addition to a basic health insurance policy, you can buy a cancer care policy to supplement the protection.

A standard health policy should be purchased by everyone, regardless of age. With rising healthcare prices, health insurance should take priority in your financial plan.

Why Should You Buy?

 

A regular health plan could be insufficient in the event of a serious illness or cancer. As a result, critical illness and cancer coverage are needed.It covers the cancer care expenses incurred that can be otherwise financially challenging.

Also, the compensation under cancer insurance plan can be used to pay off the other financial liabilities.

It is a simple indemnity-based plan that reimburses medical costs or provides cashless health care. It is ideal for covering rising hospitalisation costs, care, diagnosis, medical assistance, and other medical expenses, thus enabling one to bear the impact of medical inflation.

It is important to purchase a comprehensive cancer care plan, such as the one provided by Care Health Insurance. A cancer insurance outperforms most health insurance plans because the cost is low and coverage is available for all stages of cancer.

Advantages of Buying Cancer Cover Policy Online

Below are the main benefits of purchasing your insurance for cancer treatment online:

Secure Payment Modes

Secure payment options keep your bank data safe and help you complete the transaction in a few clicks from anywhere, any time.

Chat Option & Easy Policy Evaluation

We try to resolve all your queries instantly through our chat service. Also, policy evaluation is easy with our precisely spelt-out policy terms.

Instant Premium Quote Calculation

Make a calculated buying decision by estimating the premium of your policy online. It will help you plan finances and choose affordable coverage.

Convenient Policy Selection

The website lets you compare coverage, choose and pay anywhere at any time. Also, you can access policy documents online for quick verification.

Readily Available Value Added Services

It's easy to add benefits such as OPD care, co-payment waivers, and pre-existing diseases while purchasing our health policy for cancer care online.

If you are anxious about your maternity, we have JOY Maternity Insurance taking care of your precious journey.

Things to Keep in Mind Before Purchasing a Cancer Insurance

Buying an ideal cancer policy in India can be confusing, especially when you are unaware of the types and extent of expenses incurred toward cancer treatment. While choosing suitable insurance for cancer patients, here are the crucial things that you should consider:

Assess Your Needs

Firstly, you must assess your medical needs. Consider paying attention to factors such as family’s medical history, current health condition, lifestyle, etc. Estimate the medical expenses beforehand so that you choose the right sum insured that lowers your financial burden during medical emergencies. Since your financial profile is unique, you must understand it well before you opt for the perfect insurance for cancer.

Review the Policy Coverage

Choose a policy that will provide relevant benefits and protection against all the expenses related to cancer treatment. It is possible to find a plan that covers cancer treatment regardless of the stage or type of the disease. For example, Care Health Insurance's cancer mediclaim covers all stages of cancer. It covers hospitalisation costs, pre-and post-hospitalization medical costs, a variety of daycare treatments, as well as specialised treatments such as chemotherapy and radiotherapy.

Opt for a High Sum Insured

Treatment for cancer may cost hefty amounts due to the advanced medical care needed. Make sure the cancer plan has enough coverage to combat medical inflation in the future. Choosing a high sum insured with cancer medical insurance can be a smart move, allowing you to receive medical attention and therapy without financial constraints.

Use a Health Insurance Premium Calculator

You do not need to pay high premium costs to get cancer insurance when you can protect your health with an affordable cancer insurance policy You can use our health insurance premium calculator to estimate the cost of a cancer policy tailored to your specific needs.

Check the Waiting Period

A waiting period is the duration of time that must serve before your policy coverage starts. A cancer insurance plan includes a 90-day initial waiting period. It means that you can only claim the benefits of the cancer protection plan in case cancer is diagnosed after the initial waiting period.

Consider the Exclusions

Exclusions are a part of any health insurance plan and apply to illnesses, disorders, surgical procedures, or medical costs that are not covered by the policy and for which you cannot make a claim. Reviewing the exclusions of the cancer insurance policy will help you avoid delays and uncertainty, resulting in a smooth claims process.

How to Buy Cancer Insurance Online?

Once you have chosen the right cancer insurance plan for yourself or a family member, you can buy the policy online in the following steps:

1

Step 1

Generate the quote for Cancer Insurance by visiting Care Health Insurance’s official website.

 
2

Step 2

Fill in the information about insured members, their age, health condition, and gender.

 
3

Step 3

Customize your policy by selecting a suitable sum insured, policy period, and premium payment options.

 
4

Step 4

Pay the premium using any safe digital payment method, like net banking, debit or credit cards.

 

Once approved, you will receive the policy documents at your registered e-mail address, including the e-health card.

Voice of our Customers

Mr. Rajiv Sharma

review “The claim settlement for my cancer insurance plan went exceptionally smooth. I was surprised at the lack of complications since it is not a regular experience with insurance policies. The agents at Care Health Insurance were of great help during the entire process and made my life a little easier during an especially difficult time.”

Ms. Saumya Pandey

review “I would like to express my gratification for the team at Care Health Insurance, who ensured that I received the benefits of the insurance plan on time and without any hassle. I did not have any problems figuring out the procedure to buy cancer insurance with the expert guidance at every stage.”

Mr. Pradeep Kumar

review “I am so happy with the extraordinary response I received at the time of settlement of the cashless claim for my cancer insurance plan. I did not expect to receive the claim as soon as I did, either. Thanks to you, my father’s surgery went without any financial hitches."

Ms. Anuja Anand

review “It can be a tricky thing to buy cancer insurance online, however, Care Health proved me wrong with its excellent and prompt services to guide me throughout the process. I can rely on them and feel assured that the protection of my family’s future is in good hands.”
Ankita Sharma

My appreciation for your prompt service

At the outset, I would like to express my appreciation for your prompt service in taking up the case regarding my claim. I have received timely intimation regarding the acceptance of my claim amount settled by you.

Ankita Sharma

Health Insurance

Indubala Nambiar

We will continue to avail of your scheme

Thank you for settling the claim amount. It helped me a lot during my tough time. The process is smooth and hassle-free. I will continue with Care Health Insurance and recommend it to my friends as well.

Indubala Nambiar

Health Insurance

Vikas Singh

Everything went very smooth

I would like to pass on my appreciation for Virender, who guided me during the difficult time. He helped me at every stage and didn't keep me waiting. Due to his efforts, I was relaxed and everything went very smooth.

Vikas Singh

Health Insurance

Sahil Khattar

Really helpful explaining the process in advance

I just wanted to thank you for the exceptional response from you on the recent cashless hospitalization request related to my mother's operation. You were really helpful throughout.

Sahil Khattar

Health Insurance

Aditya Sharma

Finalising my claim in a short period

I must express my profound appreciation for finalising my claim in a short period. I have heard of insurance companies holding payment or rejecting it outright on very flimsy grounds was not the case with Care health insurance, May your tribe grow more

Aditya Sharma

Health Insurance

Zeroing in on a health insurance plan for your family is a tricky choice, given the number of insurers in the market who offer similar policies. It is not wise to simply choose the policy with the lowest amount of premium. You need to compare different policies, their features and benefits. Care Health Insurance (CHI) (formerly known as Religare Health Insurance Company Limited) is a specialist Health Insurer and offers products keeping in mind the needs of a customer in the event of a medical exigency. CHI offers a distinct set of benefits giving a clear choice for providing you with the best possible health insurance.

Awarded-as-Claims

Awarded as Claims
Leader of the year

Total-claims-paid

30 Lakh + Claims Settled^^

cashless-claim

Cashless claim processing
in approx. 2 hours

^^number of claims settled as on February, 2022

FAQs About Cancer Insurance

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Q.Do I still need to buy cancer insurance plan if I already have health insurance?

Yes, you would need a separate cancer insurance since your basic health insurance may not cover the treatment cost of cancer. There will always be limitations in a standard health plan, which may not allow you to avail of the treatment that caters you complete coverage of your cancer treatment.

Q.Does the sum insured for my cancer insurance plan increase if I don’t claim it?

Yes, you will be entitled to a maximum of 50% no-claim bonus throughout the cancer treatment policy tenure as a reward for not requesting any claims.

Q.What is the payout option available under this cancer mediclaim policy?

Our cancer care policy is an indemnity-based health plan. We will cover the actual medical costs you incur during your cancer care within the policy period on a reimbursement or cashless basis, subject to policy terms and conditions.

Q.Is there a limit to the sum insured I can choose for cancer insurance plans in India?

Our cancer insurance plan offers sum insured options ranging from Rs 10 lakh to Rs 2 crore. You can enhance the coverage with optional benefits like unlimited automatic recharge, air ambulance coverage, and room rent modification at an additional premium, thus enhancing your health coverage.

Q.When do I get the reimbursement for the medical bills with the cancer cover policy?

The reimbursement process under our insurance plan for cancer is easy and quick. Our in-house claims management team will address and process your claim within 15 days of receiving your request. Also, the team will keep well-informed about any discrepancies in the documents submitted. The final claim is settled or denied (as per the policy terms) within 30 days of receiving all the documents.

Q.Do I need to get a medical check-up before I buy health insurance for cancer patients?

No, a medical check-up is not mandatory before purchasing insurance for cancer coverage. However, policyholders may need to undergo a few examinations depending on your health status and as per the underwriter’s discretion.

Q.Are there any tax benefits associated with cancer coverage?

According to Section 80D of the Income Tax Act of 1961, an individual who purchases cancer mediclaim is entitled to receive an income tax deduction on the premium charged for it. These tax advantages are subject to changes in the tax laws in India.

Q.What should I do to decide the adequate cancer insurance?

When choosing the best cancer care policy, you should choose a sum insured that is large enough to cover the different medical expenses you will face in the future. It will cover hospital costs, medical tests, and medicines, among other things.

Q.Can I get an insurance policy for existing cancer patients?

You cannot opt for cancer insurance or mediclaim for existing cancer patients. To opt for a cancer plan, you should check the policy eligibility and disclose your medical history honestly.

Q.How much does it cost to get the best cancer policy in India?

Cancer insurance costs depend on several factors like the sum insured, your age, optional benefits, etc. Before purchasing a cancer insurance plan, review the policy benefits, waiting period, and entry age, and check the applicable premium.

Q.What happens If I am not able to pay my premium on time?

If you cannot pay the premium for your cancer insurance policy on the due date, a grace period of up to 15 days will be allowed depending on the policy terms. During this grace period, you can pay the premium for your cancer care policy without any penalties. However, if you fail to pay the premium after the grace period has ended, it will lead to a policy lapse.

Q.How do I renew my cancer insurance policy?

The cancer insurance plan offers lifetime renewal option to the policyholders. You can renew the policy online in a few easy steps. Access Care Health Insurance official website and go to the renew section. Enter complete details and make premium payment through any secure payment mode.

Q.Can I renew the cancer insurance plan after the policy term is over?

You will have a grace period, which is generally 30 days from the policy's expiration date, to renew the cancer cover plan, subject to the policy terms and conditions.

Q.What stages of cancer are covered in a cancer insurance plan?

The coverage for different stages of cancer depends on the cancer insurance plan. It can vary depending on the extent of healthcare required to treat the condition.

Q.Is it possible to buy cancer insurance for my family members?

Yes, you can buy cancer insurance for your family members, either by adding them to your policy on an individual basis or by purchasing a standalone policy for them. Refer to the terms and conditions of your chosen health insurance with cancer cover for more details.

Q.Can I get insurance for pre-existing cancer conditions?

It is not possible to get cancer health insurance for pre-existing cancer patients.

Q.How much is the recommended cover amount for cancer?

As the cost of medical treatment is at an all-time high and only expected to increase in the coming future, it is best to opt for a higher sum insured. You should carefully assess your financial profile and health history before arriving at the adequate sum insured for the cancer insurance. Generally, anywhere 50 lakhs above is a favourable amount for cancer insurance plan.

Disclaimer: Information above is just for reference. Kindly read T & C of policy thoroughly, Do refer IRDAI guidelines for tax exemption conditions.

Underwriting of claims for cancer is subject to policy terms and conditions

*Sum Insured – Rs.50 Lakhs, Age – 18 to 25 years, Monthly Premium Payment Mode including Optional covers included - Room rent modification/ Air ambulance cover/ ISO. Exl GST.

#Source: IBAI Claims Handbook for FY 19-20

^^Number of Cashless Healthcare Providers till 25th March 2022.

^10% discount is applicable for a 3-year policy

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