How To Choose the Best Cancer Insurance Plan in India?

Cancer is a serious illness that can occur in your life at any situation. You cannot predict at which moment you will get to listen to the bad news that you are suffering from the worst disease: cancer. Hence, it is always advised to prepare and buy the best cancer insurance plan early to face any situation like this. Earlier, there was no solution for fighting cancer before you are going to discovered with you have it. But nowadays, one can fight cancer before they have this news in their hand in terms of the report.

• Yes, this could be done with the help of pre-precautions, the cancer insurance plan in the market for customers. This plan will help you fight the disease, even if you do not know whether you will face it. We can say it as a precaution before facing the cure.

But we cannot go and take any cancer insurance plan because it will not help us. First, we must go through all the primary criteria we must follow before choosing a plan. So, we will discuss all the factors related to choosing the best cancer insurance plan.

What Is a Cancer Insurance Plan?

Before choosing it, you must know what a cancer insurance plan is.

The answer to this question is that this is a plan which will help you financially in case you or your family member has been diagnosed with cancer. This situation is critical for a family; if one can get financial assistance, then this is the best thing. Hence, to prevent this worst situation, you must purchase a cancer insurance policy in advance.

Why is There a Need for Cancer Insurance Policy?

When someone is diagnosed with cancer, the foremost thing on their mind is how they can afford the treatment of such a severe disease. They will understand the importance of this plan.

Now, we will understand this situation with the help of an example.

• Three years ago, a woman was working for a company. She was diagnosed with cancer in her blood. Then, she and her family were agitated about how to deal with the situation. Fortunately, the woman’s father told the whole family that he had insurance for the cancer treatment for every member of the family. At that point, the woman was pleased but sad that now her family would not face any financial burden, but they had to see their daughter in this tragic situation.
• Now, in her whole treatment until the date, she could come out of it completely. The cancer insurance company provided all the assistance at every stage. So we can say that, likewise, anyone can easily come out of their worst situation like this with the help of an insurance plan for cancer.

Benefits of the Best Cancer Insurance Plan

• If you take no claims under this policy, your insured sum will increase every time you pay the premiums.
• An insured amount in a lump sum value will be provided to you in case you have been diagnosed with cancer.
• If you have been diagnosed with a severe stage of cancer, then the plan will also provide monthly income for financial support.
• The planners cover all the stages of cancer and all types of cancer except skin cancer.
• The payout will be given to the patient in case of a cancer diagnosis at various stages.
• The plan is to provide almost 150 per cent of the sum assured in case of any critical cancer stage.

Therefore, those mentioned above are benefits that the plan insurer will generally provide. However, the benefits may differ for different insurance plans; hence, you can see the add-ons in every plan when you go through them.

Some Important Notes Before Selecting Cancer Insurance Coverage

• One cannot choose any policy without reviewing its terms and conditions, and other conditions like premiums.
• One must go through all the benefits and conditions the policies provide.
• The premiums you have to pay every time.
• Hence, all the necessary things must be taken care of before purchasing a specific insurance plan for cancer.
• One needs to follow some criteria to choose the best cancer insurance policy, which we will discuss further in this topic.
• Earlier, this illness was sporadic, and very few people will get to face the situation. But nowadays, we can see many cases where people face critical situations caused by this illness. Hence, in that situation, the best cancer plans help the most in providing financial assistance.

Essential Parts To Be Covered While Selecting The Plan

Yes, the benefits and some other factors are to be considered before selecting the best insurance plan for cancer. As this is a very critical illness, one has to go through all the terms and conditions along with the coverage policies:

Hence, we are going to mention all of the things in the points below:

1. Coverage of Stages: Yes, this is the first thing one has to see: whether the policy covers all the plan stages. The best plan would be to assist at every stage of cancer. Hence, this will provide policyholders relief of mind regarding paying money.
2. The Hospital Is Covered: Not every plan covers all the hospitals where you could go and get assistance and get your treatment done. Hence, you must review the hospitals covered under the plan list to know whether the major hospitals are covered. Almost all the plans cover major hospitals, but going to the list is better for security purposes.
3. The Provided Sum Assured: The plan you are taking is to get the sum insured in the unfortunate situation. Hence, knowing about the sum insured you will get at any stage when you diagnose the cancer is essential. Every plan provides different summer options to policyholders; hence, go through all the plans and compare them before purchasing.
4. Conditions Related To The Waiting Period: Every plan has a different waiting period, after which you can claim for the policy. For example, if you purchase the plan early in your life, you will have a shorter waiting period. These are excellent ways to decide on the waiting period. Some plans even have a fixed waiting period for all the policyholders, whether they apply at an early stage or later. So, it’s better to go through the waiting period when choosing the policy.
5. Compare Other Plans: This is critical to selecting a specific plan. One has to compare all the plans and the benefits provided to get the best cancer insurance plan for oneself. Also, the comparison is crucial as one has to choose how much premium they can pay. Hence, one can go through all the details on the internet to compare and select the best.
6. Buy Online: The internet has made it so easy for people to explore everything that most things are now being done online. Henceforth, these plans and policies can now be easily purchased online. One needs to go to a particular plan’s official website and follow the steps there to get it.

How To Get The Claim?

One needs to go through this process to claim the cancer insurance plan

• Inform for the claim (Intimation): The first must inform the plan insurer about the diagnoses to claim the plan. To do this, one can visit the official website or the office. There, they have to submit an available form and need to submit the documents for diagnosing, for example, a Report or test of diagnosis and other medical documents you have.
• Verification of documents and processing: Once the insurer receives your claim request, they will verify your documents and check if you are eligible to apply for the claim. They will check the documents to see if you qualify and ask you to submit others if required. The documents that are to be submitted are different in each case.
• Settlement: After the verification, the policyholder will get a message about whether their claim is approved. And how they are going to get assistance at every stage.

Required Documents

• The form for the claim is after the policyholder’s signature, along with policy documents.
• Treatment certificate from the hospital.
• Discharge papers after completion of treatment.
• All reports include diagnosis reports, laboratory other reports, doctor’s prescriptions, radiology, etc.

Conclusion

Hence, those mentioned above are all the conditions you must consider before purchasing the best cancer insurance plan. When you follow the steps mentioned above, you will be able to get the best cancer insurance plan available in India. Hence, as it is said, to get the best, you have to pay some attention, do some research, and compare the plans. Only after that will you get the best plan for choosing.