Star Comprehensive policy has a cap for Cancer chemotherapy which will not be Sufficient at all . Please suggest health insurance policies with least Sub limits. How about Cancer specific health insurance policies with least sub limits?
Cancer Treatment is long and does not require hospitalization on most days. A health insurance plan will cover expenses of post hospitalization for specific number of days. Most cancer specific plan pay lump-sum 20-25% early and remaining 75-80% in advance stage. In advance stage patient is generally not able to attend work so there is loss of income. Also at times there is quite a possibility a full time nurse or care taker is required. For some affordability becomes a concern that’s where specific cancer plan is helpful.
The issue with such Cancer or other Critical insurance policies is the applicability. If the disease is not established within extremely narrow bands as prescribed in the policy, nothing is paid out. The only way to mitigate that risk is to keep a health specific corpus ready to cover expenses not paid out by insurance.
However it is not the case with Cancer Insurance Plans. Anyone buying a cancer specific plan should be clear when will it pay. Cross Check with a doc for mentioned early stage & advance stage. One can of course build a corpus but it would take time at least 5-10 yrs or maybe even more for some. But what about cover during the corpus building period? Also a cancer specific plan will cost almost half the SIP amount on annual basis.
Cancer specific health insurance policies
On critical Illness Plans Go only for Benefit Payout policies instead of Reimbursement Policy … they’ll be cost effective than Standalone Cancer Plan .. as for Health Insurance Change the insurer explore Niva Bupa, HDFC , Bajaj in pvt and New india in PSU for better offerings .. Get a Super Top Up too to enhance the safety Net.
Gender : Male
Basic Sum Assured :2000000
Option 1 Selected.
Level Sum Insured : The Basic Sum Assured remains same throughout the term.
Premium With GST 18.0% :
Yearly : 6183 (5240 + 943)
Halfly : 3153 (2672 + 481)
Specifically.. Chemotherapy treatment isn’t prohibitively expensive. Doesn’t even need hospitalization in most cases. Can’t say about radiation therapy/surgeries associated with cancer. My friend’s dad was diagnosed with large cell lymphoma.. 3A stage. Underwent six rounds of chemotherapy. Never had to stay in hospital. Chemo treatment was done in daycare. Compound Fracture can set you back by 15 lacs in a corporate hospital. Be wise. Don’t compromise on few thousands.
I had Hodgkin Lymphoma with 8 chemotherapy sessions and 15 radiations. I did not get hospitalized for any of these. I was under Medical insurance of HDFC Ergo and all was cashless for me.
One additional thing to note is, policies cover only chemotherapy/radiation/surgery and usually don’t cover Immunotherapy or medicines (based on Genome test, some types of cancer can be controlled with medicine only). But these are very costly: immunotherapy can cost up to 1-1.5L per month and medicine could cost 1.5-2L per month also. Most policies don’t cover these. So check for wording on these also. Best option is to ask in a hospital insurance claim department or an Oncologist.