• Health Insurance for Cancer in India - What are the Options?

    In USA medical science has gone far enough to be able to determine the percentage of chance an individual has to attract certain types of cancer in their lifetime. While the future generation does have some hope in cord blood banking which perhaps would help to save some lives from cancer, Indians do not have access to such opportunities to save lives mainly because of the affordability factor.

    Affordability of Cancer Treatment in India:

    Despite the fact that India has a huge market for medical tourism which relies mainly on cheaper medical costs, many Indians do not have access to basic health care . The main issue is health finance is expensive and when someone has cancer, keeping in mind that there are 200 types of them, you ought to think about being able to afford the treatment, even if the patient is in a curable stage. India’s pharmaceutical industry is booming and yet people can’t afford the basic pain relief medication for pain as a cancer patient. Before one does go bankrupt one can think of a solution that is now available to Indians known as the health insurance for cancer. In our country, over 10,000 people get diagnosed with cancer each year and it is indeed a scary number.

    Benefits and Features of Cancer Health Insurance from ICS:

    It is easy to get this policy since many banks and insurance providing companies have started including this in their health insurance portfolio. All an individual needs to do is be less than 70 years of age and have a membership in ICS (Indian Cancer Society). It is important to note that the individual should not have a history of being diagnosed with cancer before. But the reasons why one should opt for it is not only the alarming chances of cancer having increased in people, but because it is a convenient product too:

    • This insurance policy does not require any medical tests as long as a Declaration of ‘good health’ has been signed and provided by a licensed doctor.
    • This policy offers enough coverage for probable costs that come with cancer treatment, right from diagnosis, biopsy and surgery to radiotherapy, chemotherapy along with hospitalization as well as rehabilitation if and when required at a very affordable premium amount.
    • Claims of reimbursements can be done quarterly for all the actual cancer treatment expenses incurred, until the whole sum insured amount is completely exhausted. The other case when the claim reimbursement stops is when the insured individual is declared as cured or in good health. Whichever of the two happens will happen earlier will stall the claim reimbursements.
    • The insured also have access provided by the Society for check-up facilities since there is a Cancer Detection Centre in Mumbai at Pedder Road. People who come for first time check-up facility will have access to it for free but from then on the tests will be available at 50 percent discount.
    • Also people get free access to various cancer related literature accessible at the Society.
    • The best part about the policy is that the whole policy is managed and administered by the Society itself, making it very convenient for people to handle this insurance, including premium payments, treatments and claims if and when needed.
    • You also can get tax benefits from this health insurance since it also comes under the general insurance category.

    Other Cancer Insurance Policies:

    Other similar products are available from CPA which is also in association with National Insurance, like ICS. Also, ICICI has a similar product for health insurance for cancer. Here is a comparative study of the existing products available for health financing in India:

      National Insurance with CPAA Cancer Insurance Policy National Insurance with ICS Cancer Insurance Policy ICICI Cancer Care Plus
    Eligibility For Cancer Patients Aid Association members not having diagnosed with cancer.
    Minimum and Maximum Age of Entry Company discretion Up to 70 years Between 20 years to 60 years but can be renewable up to 70 years
    Policy Term 1 year 1 year 10 years
    Sum Assured Range Rs.30,000 to Rs.5 lakhs Rs 50,000 to Rs.2 lakhs Rs 5 lakhs to Rs.25 lakhs
    Premium Range Rs.2,400 to Rs.8,000 Rs.496 for minimum cover and Rs.1,157 for maximum cover. Starts from Rs.4,604 Rs.14,845. Minimum single premium starts at- Rs.1,200 annually.
    Waiting Periods From diagnosis date should survive up to 30 days Should be able to survive for 30 days from the date of diagnosis Varies based on age

    GST rate of 18% applicable for all financial services effective July 1, 2017.

    Disclaimer: Premiums may vary depending upon factors like age, location and prevailing taxes/GST.

    Health Insurance Reviews

  • Page 1 of 50 1 2 3 4 5
    • ICICI Lombard Health Insurance
      "Got it with my Loan"
      0.5 4.0/5 "Great!"
      I have been paying Rs.4000 as an annual premium for this health insurance. They are offering me a coverage of Rs.1 Lakhs in it. I took it as an add on along with my Loan and felt the Insurance to be quite a good one to have. The overall experience with it has been good.
      Was this review helpful? 0
      , goa
      Reviewed on Feb 22, 2018
    • Oriental Insurance Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      Around 2 years ago , I have got the health insurance policy from the ORIENTAL INSURANCE. This policy covers 4 members in my family. This policy has the medical coverage amount up to 2 lakhs. The customer support service and the response is better with the ORIENTAL HEALTH INSURANCE POLICY.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 22, 2018
    • SBI General Health Insurance
      "Good policy to hold"
      0.5 3.0/5 "Satisfactory"
      I had my health insurance with SBI General Health Insurance. I had this health insurance 1.5 years ago but till now I do not had any claims so far with them and the coverage limit for this policy is 3 lakhs which covers me and my family members. Company paid half of the premium and I paid the remaining half.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 22, 2018
    • Royal Sundaram Health Insurance
      "Good Coverage"
      0.5 4.0/5 "Great!"
      I recently took a SBI credit card and along with it I got the additional optional option of taking this Insurance. I like the Insurance and decided to take 2 schemes from them. I have been paying Rs.6000 as an annual premium and the total coverage that I would be getting is Rs.6 Lakhs (i.e. 2 Rs.3 Lakhs coverages) for 4 people. I haven't received details about my second Insurance yet.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 22, 2018
    • National Insurance Health Insurance
      "Its good health coverage policy"
      0.5 5.0/5 "Blown Away!"
      National has good hospital facility, they are recommending high profile hospitals with cash less treatment. I make premium around Rs. 4500 per year. Its covers only for me. Medical sum assured Rs. 1.5 lakh, I hope they are providing pre existing disease as well.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 20, 2018
    • HDFC Ergo Health Insurance
      "Good insurance"
      0.5 5.0/5 "Blown Away!"
      My health insurance was offered by the company from HDFC Ergo. The policy coverage was around 3L for annually. They have a good networks of hospitalizations. The customer service was good. I got the insurance papers on time. It is a free policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 20, 2018
    • United India Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I got the UNITED INDIA INSURANCE health insurance policy around 4 months ago. This policy covers 2 members in my family. I have got the medical coverage up to Rs,3,00,000 from this UNITED INDIA INSURANCE health insurance policy. I never got any claim experience with this policy .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 20, 2018
    • Max Bupa Health Insurance
      "Good Protection for Health"
      0.5 4.0/5 "Great!"
      Max Bupa gives the medical cover around Rs. 2 lakhs its covers only for me. I paid around Rs. 2500 as premium amount for one year. They do have tie up with good hospital. I hope Max Bupa is providing tax benefits and no claim bonus on the health policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Religare Health Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      RBL gave me the Health insurance from Religare , without my knowledge they have charged me Rs. 3000 of premium, for the tenure of one year. Religare premium was converted into EMI. Religare gave me the medical cover around Rs. 1.5 lakh with cash less treatment facility and they got tie up around 1000 hospital in India.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • Star Health Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I have paid Rs,8000 to get the health insurance policy from the STAR HEALTH & ALLIED INSURANCE company. This policy covers 3 members in my family and it gives the medical coverage of Rs,3,00,000 and I never had any claim experience so far and I have got this policy around 5 months ago.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 20, 2018
    • Royal Sundaram Health Insurance
      "Best insurance policy"
      0.5 5.0/5 "Blown Away!"
      I have taken Health Insurance with Royal sundaram.The premium amount is is 2500,the policy coverage is five lakhs,24 hours hospitalization. for any kind of claims.The payments is done online.I have no claim experience and cashless treatment is covered 95%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 20, 2018
    • Bajaj Allianz Health Insurance
      "Best insurance policy"
      0.5 5.0/5 "Blown Away!"
      I have taken Health insurance with Bajaj allianz,the premium amount is not paid my me as its offered by the company.The policy coverage is six lakhs including the family members.This is covered mediclaim as well as health insurance.The policy was taken two years back and no claim experience.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 20, 2018
    • United India Health Insurance
      "Good policy"
      0.5 3.0/5 "Satisfactory"
      I have taken a health insurance from UNITED INDIA INSURANCE. They provide cashless facility. And i dont have any previous claim experience. Yearly i have to renew the policy. This policy cover my family and myself. They provide cashless facility.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Feb 19, 2018
    • Star Health Health Insurance
      "Better"
      0.5 1.0/5 "Really Bad"
      I am having the health insurance policy with the Star health insurance company. Coverage value is around 3 lakh Rupees. I would like to say that the response is fine one for me with them and the customer service is good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 17, 2018
    • National Insurance Health Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I am having the health insurance policy with the National Insurance company. I used to talk with them very often and the claim went in easy manner. Everything went in the good aspects with them till now.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 17, 2018
    • Religare Health Insurance
      "Its Best"
      0.5 5.0/5 "Blown Away!"
      I have corporate insurance from Religare Health, I didn't check the benefits, I believe I got medical cover upto Rs. 3 lakhs for my entire family. I got Religare e card. If in case of any emergency if I admit more than 24 hours I can get the reimbursement. I would suggest to enable daily check on insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • Bajaj Allianz Health Insurance
      "Good Insurance"
      0.5 5.0/5 "Blown Away!"
      I have taken a Mediclaim plan with Bajaj. I have had a good claim experience with them. They gave the amount pretty easily. Even in case of my relatives experience Baja readily payed about Rs.75000 for the treatment. The number of network hospital in it are pretty good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • Religare Health Insurance
      "Bad Experience"
      0.5 1.0/5 "Really Bad"
      This is my first term with Religare Mediclaim plan. 7 months down my Insurance my Brother had an accident, and consequently they didn't cover me up during this time. I had to pay more than Rs.1 Lakhs for the treatment. I applied for it thrice and all the three times it got rejected, they said accidents aren't covered in this Insurance.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • Royal Sundaram Health Insurance
      "Average service"
      0.5 1.0/5 "Really Bad"
      I have taken Royal Sundaram Health Insurance policy,i purchased two months ago,the premium amount is is 6000 paid per annum,I dint receive the kit as yet.The policy coverage is three lakhs and they would cover 100% cashless treatment.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2018
    • HDFC Ergo Health Insurance
      "Need to improve"
      0.5 1.0/5 "Really Bad"
      I do have the health insurance policy with the HDFC ERGO general insurance company. I would like to say that the customer service could be get improved. I have felt that the response also could be get improved.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
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