Care Heart Mediclaim

Yes, indeed. We reward policyholders with a No Claim Bonus (NCB) if they do not file a claim in a policy year under their cancer cover health insurance plan. The amount insured is increased by a specified percentage for each completed and continuous policy year under this benefit. Please see the terms and conditions of the cancer insurance policy to know more.

Our cancer care coverage 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.

Our cancer cover health insurance plan offers sum insured options ranging from Rs 1o lakh to Rs 2 crore. Given the potential cost of cancer care, we recommend opting for a higher amount insured. In addition to the coverage, the package also includes extra benefits such as unlimited automatic recharge, air ambulance coverage, and room rent modification at an additional premium, thus enhancing your health coverage.

The policyholder must contact us within the specified time and submit the claim form and requisite documentation for a hassle-free *claim settlement under the cancer cover policy.

We will settle the claim (or deny the claim, as the case may be) for the cancer cover insurance within 30 days of receiving all relevant documentation or details for claim settlement after verification by our claim management team. We will reimburse the medical expenses as per the policy terms and conditions within seven days after the policyholder accepts the offer of claim settlement. Please see the policy document for more information.

You do not need to get a pre-policy medical check-up before buying cancer insurance cover necessarily. However, depending on your profile, it may be up to the discretion of the underwriter to ask for a health check-up to determine your risk.

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.

Opting for the best cancer protection plan will assist you by covering a wide range of cancer treatment expenses. However, such plans are not available for cancer survivors. A standalone cancer cover scores over existing health insurance plans with cancer cover. Thus, you should invest in this plan and be worry-free.

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. Apart from the coverage level, other considerations include the waiting time, chemotherapy/radiotherapy coverage, organ donation coverage, alternative care, and so on.

Treating a critical illness like cancer can cost a lot of money. As medical costs in India continue to rise, current health policies will become insufficient in the future. As a result, choosing a policy with a large sum insured is advisable.

A high cancer treatment insurance coverage is even more important in light of medical inflation and related costs, which are not just limited to hospitalization. Therefore, depending on the current medical condition and health risks, we always suggest purchasing a policy with a higher sum insured.

You cannot opt for cancer insurance or mediclaim for existing cancer patients. To opt for a cancer plan, it is important to check the eligibility and disclose your medical history honestly.

The cost of cancer insurance depends on several factors like sum insured, your age, optional benefits chosen, etc. Before purchasing a cancer policy, review the policy benefits, waiting period, and entry age, and check the applicable premium. You can use the online insurance premium calculator to help you with the cancer insurance quotes.

If you are unable to pay the premium for your cancer insurance policy on the due date, a grace period, depending on the policy terms, will be allowed. During this grace period, you can pay the premium without any penalties. However, if you fail to pay the premium after the grace period has ended, it may lead to a policy lapse.

Policy lapse would mean that the cancer insurance is no longer in force, and you cannot avail of the benefits under the plan.

Cancer insurance is a means to protect you from the financial burden of battling critical diseases. In the case of an unmarried person, it can still be a valuable addition to the financial plan since you may have other dependents such as your parents. If not, the cancer insurance will support you to manage the treatment costs in the unfortunate case of being diagnosed with the disease and prevent your savings from depletion.

The cancer insurance policy offers lifetime renewal to the policyholders. You can renew the policy online and sum insured in a few easy steps. Access our website and go to the renew section. Enter complete details and make premium payment through any secure payment mode.

The claim settlement ratio is defined as the number of claims successfully processed against the total number of claims received by an insurance provider. An insurance provider's claim settlement ratio determines their reliability and track record.

Therefore, checking the insurer’s claim settlement ratio before buying cancer insurance is advisable.

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

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.

Yes, you can buy cancer insurance for your family members, either by adding them to your policy or by purchasing a standalone policy for them. Refer to the terms and conditions of your chosen cancer insurance plan for more details.

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