Cancer Insurance Cover

A cancer medical insurance or protection plan is a well-designed insurance plan that offers targeted coverage for cancer and related treatments. With cancer medical insurance, policyholders don't have to stop themselves from getting top-notch quality treatment in a reputable cancer treatment facility.

It can be purchased as a standalone policy or an add-on cover with your existing health insurance. Upon diagnosis, the insurance company provides the policyholder with a lump-sum amount to help them deal with the treatment cost.

Policyholders, on the other hand, are required to pay the premiums towards their cancer coverage.
All in all, tailored health insurance for cancer patients helps them ease the financial burden and get the best treatment to fight this deadly disease.

Needless to say, cancer is one of the deadliest diseases that can affect any age group. Around 120 different types of cancer can affect different parts of the human body. That's why having the right cancer insurance plan is essential.

Here are some other reasons for buying health insurance for cancer patients.

Quality Treatment- Buying medical insurance for cancer patients helps them get quality treatment at renowned hospitals. Cancer is a disease that needs to be treated in a healthcare facility with all modern equipment and methodologies. Considering this, a health insurance plan based on payout amount gives flexibility to individuals to go beyond network hospitals.

Financial Security- One of the contributing factors in choosing a cancer protection plan is financial security. Cancer treatment is an arduous journey that requires multiple diagnoses, tests and procedures. It can drain individuals' financial savings. But, with a reputable health insurance policy, your savings will remain intact, and all the medical expenses will be incurred by the insurance provider based on policy conditions.

Tax Saving- Tax implication is another thing which causes stress in individuals. People seek ways to save tax. A cancer health insurance plan will help individuals save tax obligations under Section 80D of the Income Tax Act. Policyholders will get deductions on premiums paid for their health insurance policy.

Healthcare Network- Not just this, individuals will get cashless medical insurance benefits at any network hospital across India. This health insurance benefit saves people from arranging cash to pay medical bills to start treatment. Instead, the bill will be settled by insurance companies and hospitals directly. We at Tata AIG have a network of 7400+ hospitals all across India.

Worldwide Cover- Many times, the treatment of cancer requires expertise. In that case, individuals prefer to get treatment in foreign countries. However, compared to India, medical expenses there are comparatively high. However, the right medical insurance plan will ensure that treatment will be noticed in all cases. Tata AIG offered a worldwide cover add-on that will cover treatment costs abroad.

Buying a health insurance plan should be a smooth decision. After all, it is the financial security at the time of need. A medical insurance plan should be bought from a reputable or renowned insurance company that has been in the market for quite some time. One such name is Tata AIG, which has served customers nationwide for over 2 decades. From critical illnesses like cancer, heart diseases, etc., to minor inconveniences such as regular doctor visits, etc., are covered in our medical insurance plan. Also, under our Medicare health insurance plans and variants, you can get a 10 to 100 per cent additional sum insured for each policy year without a health insurance claim as a 'No-claim Bonus.'

• You should purchase a cancer insurance plan if:

• You are at a higher risk of cancer due to environmental or other factors.

• Your family history suggests the possibility of cancer.

• You are not financially capable of paying for expensive cancer treatment.

• You are the only earning member of your family.

• Your dependents have cancer or are at risk of developing it.

Even if you have basic health insurance, it is advisable to buy standalone cancer insurance in case there is a family history or personal health record of cancer. A basic health insurance plan might not cover the expenses and benefits adequately, as cancer treatment requires.

Therefore, buying a comprehensive cancer insurance policy is imperative to deal with challenging situations with ease and keep your finances safe.

There are certain things to remember while buying a cancer insurance policy.

Claim Settlement Ratio: When buying any health insurance policy, it is necessary to check the claim settlement ratio. The ratio shows how many claims have been settled by insurance companies out of the claims made by policyholders. It is best to choose a health insurance provider with a High Claim Settlement Ratio

Cancer Insurance Payout: Another thing to remember while buying a cancer medical insurance plan is payout. Cancer comes in stages, early stages or significant stages. It's best to go with a plan that offers the best coverage or payout in the early stage of cancer.

Waiting Period: At the time of claim settlement or receiving a payout for cancer treatment, the waiting period stresses individuals a lot. Insurance companies must verify all the medical documents and bills before settling claims, which takes time. Hence, choosing a medical insurance plan with a short waiting period is best.

Affordable Premium: Cancer treatment cost is high, but choosing an insurance policy that has an affordable premium is in your hands. An affordable medical insurance plan keeps your pocket light and saves you from medical emergencies. However, an affordable premium is essential, but make sure to choose a cancer protection plan that offers comprehensive coverage.

Policy Renewal Terms: Lastly, when choosing a medical insurance policy, check the age of renewal and other terms. It ensures that the individual will benefit for the longest time against any unfortunate event.

Buying a health insurance plan should be a smooth decision. After all, it is the financial security at the time of need. A medical insurance plan should be bought from a reputable or renowned insurance company that has been in the market for quite some time. One such name is Tata AIG, which has served customers nationwide for over 2 decades. Here are some other reasons to work with us:

96.70% Claims Settlement Ratio: Tata AIG is known for offering the best claims settlement ratio. It means, you can stay assured that the claims raised by you will be settled responsibly.

No Pre-Policy Checkup Required: You don’t need to undergo a pre-policy checkup to purchase our health insurance plans. You can purchase suitable health insurance online in a couple of steps.

Easy Claims Settlement: When you have a Tata AIG health insurance policy, you don’t need to worry about the daunting claims settlement process. We offer a straightforward claims process and also allow you to go for cashless settlement.

Affordable Premiums: At Tata AIG, we believe that health insurance should not be an additional financial burden on the policyholders. Thus, we keep our premium rates competitive yet affordable.

Broad Coverage: We offer comprehensive coverage with our cancer insurance plans. From critical illnesses like cancer and heart disease to minor inconveniences like routine checkups or doctor visits, we keep you covered with our medical insurance plans.

No-claim Bonus: With our Medicare health insurance plans, you can receive a 10% to 100% additional sum insured for each policy year if you don’t make a claim during the said policy year.

Inclusion - Benefits Individuals Will Get After Buying TATA AIG's Cancer Cover Policy

• Tata AIG's comprehensive cancer cover policy will cover conditions where the malignant tumour develops, with uncontrolled growth and spread of malignant cells destroying normal tissues.

• The cancer cases in this condition are sarcoma, lymphoma and leukaemia. However, the diagnosis should be confirmed by a pathologist and supported by the malignancy's histological evidence.

• Further, the insurance policy will cover consumables expenses like pre and post-hospitalisation, ambulance cover, Domiciliary Hospitalisation, associated medical expenses, daycare procedures, etc. These benefits might vary across insurance plans like Critical Illness, MediCare Protect, MediCare Premier, and Wellsurance Plans.

• Not just this, if you are unsatisfied with one doctor's diagnosis, you can consult another doctor. All the expenses incurred will be covered under the Tata AIG health insurance policy.

Exclusions - Not Covered Under Tata AIG's Medical Insurance Policy

• All prostate tumours have a Gleason score of less than 6.

• Cancer tumours are also known as Bladder's Microcarcinoma.

• Tumours in the presence of HIV infection, without any exception.

• Thyroid's papillary microcarcinoma less than 1 cm in diameter

• Less than RAI stage 3 Chronic lymphocytic leukaemia.

• Other general exclusions that are not covered under the policy are:

• Any treatment or investigation not directly related to the covered injury or illness.

• Any disease caused by a mental or physical condition that existed when issuing the policy or commencement date, whichever is later.

• Further, any pre-existing condition not disclosed at the time of application and any complications arising from it.

• Suppose the signs and symptoms of the critical disease were present before the policy date or arose within 90 days of issuing the policy. Under this, the claim will be rejected.

• Sexually transmitted disease or self-inflicted injury such as suicide, etc. It also includes injuries caused by adventure sports like paragliding, skydiving, etc.

• Any treatment or investigation not directly related to the covered injury or illness.

One critical factor in choosing health insurance with cancer cover is the easy claim procedure and settlement.

The following Steps need to be followed while requesting an insurance claim.

Step 1: Claim Notification

• First, a claim or request should be submitted within 7 days of the potential loss or when the loss begins. In any event, this should be completed on time for at most 30 days.

Step 2: Submit the Claim Form or Evidence

• The claim form and the documents required for evidence should be submitted within 30 days of the loss.

• Even so, if you can provide a valid reason for not submitting the documents on time, your claim might not be rejected.

• Usually, this is acceptable if the circumstances are not under the insured's control, such as a medical emergency.

Step 3: Supporting Documents and Examination

• All documents and medical records related to your treatment should be submitted within 15 days of your discharge from the hospital.

• Failing to submit them might be acceptable under exceptional circumstances.

Step 4: Claim Settlement

• If all the documents are valid and credible, we will provide you with the claim in a lump sum as soon as possible.

• We at Tata AIG have been providing leading insurance services for years. We offer various insurance plans under different categories, each offering the maximum benefits.

• Our customer care executives help you choose the best cancer insurance plan according to your unique requirements.

• We have an excellent record of claim-settlement ratio and a satisfied customer base, making us one of the top insurance providers in India.

Documents Required for Filing a Cancer Insurance Claim

• Medical Records

• Cancer diagnosis proof

• Complete history of cancer treatment, such as records of chemotherapy, radiation therapy, and other procedures.

• Details of insurance policy and coverage

• Proof of medical expenses such as bills and invoices.

• Legal documents such as your identity proof, address proof, etc.

Cancer is one of the deadliest diseases that not only destroys your physical health but also impacts your mental and emotional well-being.

Needless to say, dealing with the exorbitant treatment cost can lead to financial challenges that are extremely difficult to overcome. This is where having a good cancer cover policy from a reputed provider like Tata AIG pays off.
Our insurance plans ensure that you don’t have to struggle financially. Tata AIG acts as a financial safety net during these challenging phases of your life.

If you or any of your loved ones are at risk of cancer or any other critical illness, don’t think twice and buy health insurance online.

Need more information on our insurance plans, contact us!

Also Read: Pre-existing disease health insurance