You need health cover regardless of what you take two at a time - pills or stairs.

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

Cancer is a dreadful disease that could result in financial ruin for an individual. With proper insurance, the financial issues associated with cancer can be easily managed. Cancer insurance is not offered for people who already had cancer.

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.

Best-Health-Insurance-Plans-for-Cancer-Patients-in-India

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

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  • ICICI Lombard Health Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have taken my health insurance with ICICI Lombard general insurance, there service is good, there agent had explain me about the policy which is covered in this insurance and they have tie up with many hospital and they have shared me there location , and the premium amount they have charged me was nominal,i use to pay on yearly basis.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2019
  • HDFC Ergo Health Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I took my medi claim with HDFC ERGO, they have tie up with many hospital,and they have shared me the location regarding this,they have mention the location on excel,and the premium amount they have charged me is nominal,they have charged me on yearly basis.overall service is good.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2019
  • Apollo Munich Health Insurance
    "Average Policy"
    0.5 3.0/5 "Satisfactory"
    My organization has given me a health insurance from Apollo Munich. I have not gone through about the documents and hospital list. My entire family has been covered in this policy. They have given me a satisfied coverage value. I have not contact the customer care so far.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Jan 20, 2019
  • HDFC Ergo Health Insurance
    "Average Policy"
    0.5 3.0/5 "Satisfactory"
    I have purchased the health insurance from HDFC Ergo. For some enquiry, i have called the customer care service and they have resolved my query immediately. I have not made any claim experience so far. I pay the premium amount of Rs. 37000 and myself has been covered in this policy.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Jan 20, 2019
  • Star Health Health Insurance
    "Less premium with Extra benefits"
    0.5 3.0/5 "Satisfactory"
    Taken my health insurance policy recently from Star. Till now i have not spoke with the customer care. Since my age is above 50, i made the premium amount of Rs. 17000. Myself, my wife and child has been covered in this policy. They have given me a coverage value of Rs. 4 lakhs. Almost major hospital has been covered in this list.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2019
  • Reliance General Health Insurance
    "Overall Experience is good"
    0.5 4.0/5 "Great!"
    I'm using the health insurance from Reliance last 5 years. Since I'm the in charge of corporate insurance the customer care service is really fine. I made many claim from Reliance for other employee. As per the policy, they are fulfilling the customer needs. They are providing good cashless treatment facility. They used to send a updation on a regular basis.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2019
  • Apollo Munich Health Insurance
    "Very Good Policy"
    0.5 5.0/5 "Blown Away!"
    I have a corporate covered health insurance policy from Apollo Munich. They have given me a coverage value of Rs. 4 lakhs. My entire family has been covered in this policy. This policy covers all the major hospitals in all over India. I have not made any claim so far.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2019
  • ICICI Lombard Health Insurance
    "Average Policy"
    0.5 3.0/5 "Satisfactory"
    My health insurance was purchased from ICICI Lombard. To apply the claim, its a lengthy process. I had a claim experience and they have given the claim upto 80%. I pay the premium amount of Rs. 12500 every year. My entire family has been covered in this policy.
    Was this review helpful? 0
    , indore
    Reviewed on Jan 20, 2019
  • HDFC Ergo Health Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I experience my health insurance with HDFC Ergo,they have tie up many hospital ,i have not have claim experience yet,there is cashless treatment option available,the premium they have charged me on monthly basis,they have charged me up to 700 which is nominal , i pay premium through on line.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jan 20, 2019
  • ICICI Lombard Health Insurance
    "Bad experience"
    0.5 1.0/5 "Really Bad"
    I hold health insurance with ICICI lombard,they have tie up with many hospital , and even they have shared me the location in pdf form, and i pay previously premium on yearly basis, but now it is flexible pay option is available, and i use to pay on monthly basis, up to 878 rupees ,it is bit high compare to market value,there is cashless treatment available.
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Jan 19, 2019
  • Max Bupa Health Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have chosen this MAX BUPA insurance mainly because of convincing premium benefits . This policy covers Cashless hospitalization. , pre diseases coverage . Overall am satisfied with customer care and service. Am getting income tax benefits and the premium amount which am paying is satisfied , Am making the payment through online .
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 19, 2019
  • Star Health Health Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been using health insurance with Star health insurance, the agent had clearly explain me amount the claim policy, and they have tie up with my hospital, and they have charged me location regarding to hospital location, there premium amount is on yearly basis, and it use to get auto debited from my account.
    Was this review helpful? 0
    , thane
    Reviewed on Jan 19, 2019
  • HDFC Ergo Health Insurance
    "Best Policy"
    0.5 5.0/5 "Blown Away!"
    I have taken Health insurance from Hdfc ergo insurance . Am satisfied with the premium amount which am making the payment for every 2 years . This policy gives good coverage with cashless hospitalization and pre disease cover . Even they have given network list of hospitals . While taking the policy they have explained very well about policy and claim .
    Was this review helpful? 0
    , bhubaneshwar
    Reviewed on Jan 19, 2019
  • United India Health Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been using my mediclaim insurance with United state of India,the premium i use to pay on yearly basis,i need to pay through on line,they have tie up with many hospital , i no doing much important is that they have share the location,i have no claim experience yet,till now no issue ,any changes they use to notify and use to send hard copy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 19, 2019
  • United India Health Insurance
    "Good Claim Experience"
    0.5 5.0/5 "Blown Away!"
    I have mediclaim policy with United India Insurance, My wife got surgery, it was there in the listed hospitals. I paid only for the medical , remaining all taken care by the insurer gave me the cash less treatment. My total coverage value is Rs. 3.5 lakhs including my family its good.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 19, 2019
  • United India Health Insurance
    "Good Claim Experience"
    0.5 5.0/5 "Blown Away!"
    I got group insurance from company, on time I got policy. My father was not good at the time I have used the policy. I got the reimbursement around Rs. 23,000 the total value is Rs. 33,000. I went to shobha hospital they don't have tie up with United India, hence I got the reimbursement.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 18, 2019
  • Max Bupa Health Insurance
    "Good Claim Experience"
    0.5 5.0/5 "Blown Away!"
    I have medical cover with Max bupa, they gave me the coverage value of Rs. 5 lakhs its covers for entire family. One time I claimed for my mother for the eye surgery, I got the reimbursed within 30 days with 90% of amount, the total experience was good.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 18, 2019
  • New India Health Insurance
    "Yet to experience the policy"
    0.5 5.0/5 "Blown Away!"
    My company has provided me a health insurance policy from new India. As per company norms, they have given me a coverage value of Rs. 5 lakhs. My entire family has been covered in this policy. They are offering a cashless treatment facility.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 18, 2019
  • United India Health Insurance
    "Very Good Service"
    0.5 4.0/5 "Great!"
    I had taken this insurance policy in the year of 2018 and the the premium has been deducting from my salary. The premium amount has not been too high and there has been many hospitals collaborated within my locality. There has also been some cashless treatment available with this policy as well.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 17, 2019
  • Star Health Health Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have my health insurance with Star health insurance, i had claim experience with it, my experience was good, they have good tie up with my hospital and they have mailed me about the location of it, and i am happy with there service, they have charged me premium amount on yearly basis, and the premium amount is nominal for me, and i use to pay through on line mode.
    Was this review helpful? 2
    , chennai
    Reviewed on Jan 17, 2019
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