Cancer Insurance
Hope & Coverage, Hand in Hand.
Cancer Insurance
Cancer Insurance is a specialized policy designed to provide financial assistance to individuals diagnosed with cancer after the free look-up period specified in the purchased cancer insurance policy’s terms and conditions. These policies offer coverage for various costs associated with cancer diagnosis and treatment, including hospitalization, chemotherapy, radiation, surgery, and more.
How Does Cancer Insurance Work?
A cancer insurance policy becomes active as soon as a person is diagnosed with cancer. Upon diagnosis, the insurance company pays a lump sum amount equivalent to the sum insured. This amount can be used to cover the treatment costs associated with cancer. The claim money is typically payable at various stages of diagnosis, including minor, major, and critical stages, provided the diagnosis occurs during the policy year. However, cancer insurance policies do not offer death, maturity, or surrender benefits.
Multiple Cancer Stages: These plans cover multiple stages of cancer.
Lump Sum Payout: A lump sum amount is paid to the insured upon cancer diagnosis.
Premium Waiver: Premium waiver benefit is available under certain conditions, such as an early-stage cancer diagnosis.
Sum Insured Enhancement: If there are no claims during the year, the sum insured increases by a pre-specified percentage.
Monthly Payout: Monthly income is paid out for a specified number of years, subject to certain conditions, such as in the case of a major cancer diagnosis.
Continuum of Coverage: Cancer insurance coverage under several plans does not cease after the first diagnosis of the disease.
Tax Benefits: Tax benefits under section 80D of the Income Tax Act are available on paid premiums.
Why Do You Need a Cancer Insurance Plan?
Purchasing a cancer insurance policy is crucial due to the high cost of cancer treatment, which typically extends over a long period. This disease can have a significant impact on families physically, emotionally, and financially. Additionally, even the best health insurance policy may not cover all cancer treatment-related costs, and if it does, there may be conditions for coverage at different stages of cancer.
Exclusions of a Cancer Insurance Plan
The following diseases or medical conditions are typically not covered under a cancer insurance plan:
- Skin cancer
- Cancer caused by sexually transmitted diseases, HIV, or AIDS
- Cancer resulting from congenital conditions and pre-existing conditions
- Cancer resulting from biological, nuclear, or chemical contamination
- Cancer caused by contact with radiation or radioactivity from any non-diagnostic or therapeutic source
- Note: These are general exclusions, and specific exclusions may vary between insurers.
SecureEzy Insurance offers comprehensive Cancer Insurance plans designed to provide financial protection and support to individuals facing a cancer diagnosis.
*Disclaimer
*We are committed to responding to our customers within 30 minutes of contact. Our 30-minute claim support service aims to provide reasonable assistance to policyholders during the claims process. However, the settlement of claims, including cashless claims, is the responsibility of the insurer as per the policy terms and conditions. Please note that the 30-minute claim support is contingent upon our operations not being affected by system failures, force majeure events, or other factors beyond our control. For further assistance, our 24×7 Claims Support Helpline is available at 1800-258-5881. Product information provided is authentic and solely based on the information received from the Insurer. SecureEzy acts as a facilitator, and claims settlement is at the sole discretion of the Insurer. As per insurance guidelines, policy cancellation is allowed within 15 days from the date of policy issuance. For more details, please carefully review the Plan Brochure or consult with our advisor at the time of purchase.
*All our health insurance plans cover hospitalization expenses, including COVID-19 treatment, up to specified limits. Additionally, you can purchase specific COVID-19 health insurance policies such as Corona Kavach Policy and Corona Rakshak policy.
**Savings and online discounts are provided by insurers as per IRDAI approved insurance plans. Tax Benefits are subject to changes in tax laws. GST Exemptions depend on fulfillment of qualification criteria and submission of relevant documents.
*The starting price for a 1 crore health insurance for an 18-year-old male, with no pre-existing diseases, is ₹1748/month. Discount on renewal premium is subject to the number of wellness points earned in the health insurance policy. For more details about the plans, please read the sale brochure carefully to get up to 100% discount on renewal premium.
*For a 30-year-old male and 29-year-old female living in Delhi with no pre-existing diseases, the starting price for ₹5 lakh Health insurance is ₹400/month, for ₹10 lakh Health insurance is ₹541/month, and for ₹1 Crore Health insurance is ₹762/month.
*The starting price for ₹5 lakh health insurance for a 20-year-old male, non-smoker, living in Bengaluru with no pre-existing diseases, is ₹243/month (₹8/day).
*For a 50-year-old male and 50-year-old female living in Bangalore with no pre-existing diseases, the starting price for ₹1 Cr Health insurance is ₹2020/month, rounded off to nearest 10.
*Starting at ₹390/month (₹13 per day), 1 cr. Health insurance is available for a 25-year-old male with pre-existing diseases, residing in a tier 1 city, rounded off to the nearest 10.
*No medical tests are required unless requested by the insurer’s underwriter. In case of pre-existing diseases, relevant medical proof would be required as per the terms and conditions of the policy opted.
*The values taken for effective cost calculation are indicative and may change based on the selected plan.
*Coverage up to double the amount of Sum Insured is available on certain covers for a minimum plan of Rs. 5 Lakh on the first claim only to an individual of up to 45 years of age with no pre-existing diseases. The benefit is available with or without extra cost depending on the plan chosen.
*Coverage of pre-existing diseases is provided by the insurer as per their underwriting policy.
*The scope of coverage may vary from plan to plan.
STANDARD TERMS AND CONDITIONS APPLY.
For more details on risk factors, terms, and conditions, please carefully review the sales brochure and benefit illustration before making a decision.
EZY WISE SERVICES INSURANCE BROKERS PRIVATE LIMITED | CIN No. U66220CH2023PTC044944 | License Category: Direct (Life & General) | Registered Office – SCO-10,11,12, Ground Floor, SECTOR-17B, Chandigarh-160017 | Registration No. 928 VALID FROM 03-JAN-2023 Το 02-JAN-2027 | Website: www.secureezy.com Email: Info@secureezy.com
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