The National Centre for Disease Informatics and Research reveals that India’s cancer burden is expected to rise to a whopping 1.57 million by the year 2025. This is a 0.18 increase since the year 2020, which is actually alarming! Not to forget, the treatment costs can easily burn a big hole in someone’s pocket. This is where a cancer insurance plan comes into the picture that protects ones lifetime savings by covering the treatment expenses.
In this article we’ve listed 5 reasons why you should invest in the best mediclaim policy in India for cancer. But before digging into deep, let’s consider what is cancer insurance!
Decoding cancer mediclaim insurance
Cancer insurance compensates the insured for hospitalisation expenses arising due to cancer treatment. The best mediclaim policy in India covering cancer offers coverage for chemotherapy and radiotherapy expenses and other cancer-related treatments. Apart from the primary benefits, cancer insurance from the top Indian insurers like Care Health Insurance also offers air ambulance cover, annual health check-up benefits and more.
So, without further ado, let us get you up to speed with all the reasons you should invest in a cancer insurance policy.
Reasons to Invest in Cancer Mediclaim Insurance
1.Increase in Cancer Cases
The latest research reveals that the number of cancer cases reported in the nation are increasing day by day. In fact, cancer is the prime reason for premature death in most countries (134 out of 183 countries). This rise is attributed to the fast-paced lifestyle followed by this generation. These statistics give us a reason to consider the importance of buying the best mediclaim insurance policy in India for cancer to ensure healthcare facilities without compromising on the quality.
2.Rise in Medical Expenses
Medical expenses are on the rise globally. If we consider the average treatment cost of cancer in India , a 4-5 days hospitalisation costs in a private hospital will come around Rs 5-7 lakh. Thus, many families in India find themselves debt-ridden or unable to avail of the necessary treatment for cancer because of the steep charges. In this scenario, a mediclaim insurance plan designed for treating cancer is the commoner’s best bet in providing financial security during cancer treatment.
3.It Offers Extensive Coverage
Treatment of cancer is not just limited to the hospital. In addition to hospitalisation, cancer is treated by alternate means, medication, or outpatient care. The best mediclaim policy in India for cancer will cover all of these expenses related to cancer treatment, such as OPD expenses, day care treatment, domiciliary treatment and alternative treatments costs, etc.
4.It Provides Coverage for different Stages
The treatment of cancer and the expenses it will entail depend on the stage of cancer detected. Cancer insurance plans cover the expenses incurred for different stages and types of cancer. It is wise to opt for a mediclaim insurance plan that provides coverage for multiple stages and types of cancer for maximum protection. Having said that, you must carefully check the policy terms and conditions to check what your insurer covers.
5.A Family History of Cancer
Cancer is not a contagious illness, but it can be spread through genes. This is why those with a family medical history of cancer are more susceptible to cancer than those without a history. A cancer insurance plan can be considered a necessary investment for those in the former category. It will provide the necessary financial security for the future in the event of a cancer diagnosis.
Living with cancer can be difficult but not impossible if you plan properly. Apart from regular medications and diet you should consider protecting your savings as well. And nothing is better than having a mediclaim policy with cancer coverage to keep your wallet intact. You can consdier Cancer Mediclaim Insurance from one of the repouted insurers like Care Health Insurance and reduce the burden of your family.
