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Cancer treatments in India have progressed significantly over the last few years. Today, cancer is highly treatable, especially when diagnosed and treated earlier. However, the downside here is that – cancer treatment is still expensive, making it difficult for individuals and families to pay out of pocket. With the right cancer insurance plan, you can ensure that your loved ones receive the best treatment, while also preventing your savings from being wiped out.

Today’s hectic lifestyle and erratic food habits have significantly increased the chances of getting cancer. In India, over 10 lakh individuals are diagnosed with cancer annually, and nearly six to seven lakh die from the deadly disease. A recent study by IIHMR (Indian Institute of Health Management Research) predicts that over 7 crore Indians will be affected by cancer in 2021. The best way to protect yourself and your loved ones from this deadly disease are by opting for a cancer health insurance plan. Don't skip cancer insurance, especially if you have a family history.

Individuals can choose from two different health insurance plans for cancer treatments. They are:

  • Critical illness rider – This is an add-on option added to your existing health cover plan for an additional cost. It helps in covering the high treatment costs of specific critical illnesses like cancer. The one major drawback of a critical illness rider is that it offers cancer coverage only at an advanced stage.
  • A standalone cancer insurance plan covers the cost of diagnosis and treatment for most cancers at any stage (early or advanced). Cancer insurance plans are available for adults aged between 18 and 65 years. The sum assured ranges from Rs. 5 lakhs to Rs. 50 lakhs, depending on the type of plan.

Compare the pros and cons of a critical illness rider and a standalone cancer insurance plan, and choose the right choice for you and your family.

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