• 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
      "Average Policy"
      0.5 3.0/5 "Satisfactory"
      I have my health insured with ICICI lombard from last 2 years, the coverage value of this insurance policy is very less which is Rs 1 lakh. I am not aware of the premium amount as my company pays it. I do not have claim experience so far with this insurance policy.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 24, 2018
    • Star Health Health Insurance
      "Health insurance with STAR"
      0.5 3.0/5 "Satisfactory"
      I have taken health insurance from STAR HEALTH & ALLIED INSURANCE. and the premium amount is 2500 for 2.5 lakhs of policy coverage.They dont provide any cashless faculty but provide reimbursement. There is no claim experience till now. Its an individual policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 24, 2018
    • Religare Health Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      Religare Health Insurance service is good. The payments are through Ecs. The offers of Religare covers the top hospitals,it was very much helpful for me. The benefits is for the whole family. It was an good experience with Religare Health Insurance service.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 23, 2018
    • Bajaj Allianz Health Insurance
      "Good policy for health"
      0.5 5.0/5 "Blown Away!"
      I have taken a health insurance with BAJAJ ALLIANZ GENERAL INSURANCE and the premium i am paying was 13600 annually. The provide cashless facility and the claim experience was good. The have cashless facility almost 99% of coverage done through the insurance.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 21, 2018
    • Star Health Health Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I hold a health insurance with Star health from last 2 years, i pay an insurance premium of Rs 11000 every year. I get a good coverage value of Rs 5 lakhs for this health insurance policy. I have not claimed anything so far with this insurance policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 20, 2018
    • Apollo Munich Health Insurance
      "best experience"
      0.5 3.0/5 "Satisfactory"
      I had taken a Health insurance policy from the top most private sector insurance company APOLLO MUNICH. Most of all benefits are covered under one policy, so no need to top up my insurance plan. I had received my health card and my policy document by mail. They have a good network with a best corporate hospitals.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 20, 2018
    • Religare Health Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      I have my health insured with Religare health 4 months back, i am happy with the coverage value of this insurance policy. A premium of Rs 8000 has to be paid every year for this health insurance. I do not have claim experience so far with this insurance and they cover Rs 5 lakhs for this insurance.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Apr 20, 2018
    • Max Bupa Health Insurance
      "very good policy"
      0.5 5.0/5 "Blown Away!"
      I had taken a Health insurance policy from the top most private sector insurance company MAX BUPA. Most of all benefits are covered under one policy, so no need to top up my insurance plan. I had received my health card and my policy document by mail. They have a good network with a best corporate hospitals.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2018
    • Religare Health Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      From RELIGARE Health i have taken the health insurance. They provide cashless facility. There is no claim experience with them. There is health check up available on the insurance policy. Its an individual policy.The customer service and response is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 20, 2018
    • Bajaj Allianz Health Insurance
      "Good policy to use"
      0.5 4.0/5 "Great!"
      I am having the BAJAJ ALLIANZ health insurance policy around a year ago. The customer support service is good with the BAJAJ ALLIANZ GENERAL INSURANCE company. I need to pay the premium amount of Rs,13,000 every year once. This policy covers 3 members in my family. This policy has the medical coverage of Rs,3,00,000 which can be used be all three members.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 19, 2018
    • United India Health Insurance
      "Average Policy"
      0.5 3.0/5 "Satisfactory"
      I have a health insurance policy with United India Insurance from last 5-6 years, my claim experience was not up to the mark as they covered only 40% of the billed amount. I have a coverage value of Rs 3 lakhs and i pay a premium of Rs 3200 for this insurance.
      Was this review helpful? 0
      , surat
      Reviewed on Apr 19, 2018
    • HDFC Ergo Health Insurance
      "best policy"
      0.5 4.0/5 "Great!"
      I had taken a health insurance policy from the public sector insurance company HDFC ERGO GENERAL INSURANCE. My annual premium amount is reasonable by comparing with other premiums. I did not received my policy document by mail and hard copy too. I contacted the customer care to courier my health card to my registered communication address.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 18, 2018
    • Apollo Munich Health Insurance
      "extra ordinary experience"
      0.5 5.0/5 "Blown Away!"
      I had taken a health insurance policy from the top most private sector insurance company APOLLO MUNICH. They couriered my health card to my registered communication address. They have a good network with corporate hospitals. I had a good positive claim experience and i claimed nearly 95% of billed amount.extra ordinary experience
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 18, 2018
    • New India Health Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have no claim experience so far with the health insurance, i am using this insurance from last 1-2 years and i am not aware of the premium amount as my company pays it. The coverage value of this insurance policy is 3-4 lakhs and i am satisfied with it.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 18, 2018
    • Star Health Health Insurance
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Holding the health insurance policy from the STAR HEALTH & ALLIED INSURANCE company and I have got this policy on 2013. I pay Rs,16,000 every year to renew the policy. This policy covers 4members in my family . Star health insurance policy has the medical coverage up to Rs,10,00,000,.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 18, 2018
    • Bajaj Allianz Health Insurance
      "Good health insurance policy"
      0.5 3.0/5 "Satisfactory"
      I have got the health insurance policy from the bajaj and this policy covers only one member which is myself actually it is a self policy . I pay the premium amount in every month on month . I pay Rs,15000 to this policy. This policy has the medical coverage up to 5lakhs and I am satisfied with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 18, 2018
    • HDFC Ergo Health Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a health insurance policy with HDFC ERGO from last 1month, i have not claimed anything so far with this insurance. The coverage value of this insurance policy is 3 lakhs and i am satisfied with it. I pay a insurance premium of Rs 11000 every year.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 17, 2018
    • Star Health Health Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my health insured with Star health from last 3 years, i am not aware of the premium amount as my company pays for the health insurance. I am happy with the coverage value of Rs 2 lakhs for this health insurance. I do not have claim experience so far with this insurance.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 17, 2018
    • HDFC Ergo Health Insurance
      "best policy"
      0.5 5.0/5 "Blown Away!"
      I had taken a health insurance policy from the HDFC ERGO GENERAL INSURANCE. My annual premium is very reasonable by comparing with other premiums. I had a positive claim experience. The claim procedure is very easy and simple. The costumer support is good and well responsive.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 17, 2018
    • New India Health Insurance
      "good experience"
      0.5 5.0/5 "Blown Away!"
      I had taken a health insurance policy from the NEW INDIA ASSURANCE. I had received health card. My annual premium is Rs. 12,000/- which is very reasonable by comparing with other insurance polices. They had a good network with top most corporate hospitals.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 17, 2018
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