Health Insurance With Cancer Cover
Unlike other diseases, generally, there is no single reason or cause for developing cancer. One might suffer from cancer due to various reasons, like, genetic, environmental, or specific constitutional characteristics of an individual. There are rarely any preventive measures that one can take for cancer. Unfortunately, if any individual is diagnosed with cancer, he/she might end up spending the lifetime savings due to the high treatment cost involved. Due to the rising medical cost and the treatment's criticality, it is essential to always stay financially prepared to get your treatment done on time.
Cancer Insurance Overview
Even if you have basic health insurance, it is advisable to buy cancer insurance. A health insurance policy might not cover the expenses and benefits adequately, as are required for cancer treatment. Therefore, it is imperative to buy a comprehensive cancer insurance policy to deal with challenging situations with ease and keep your finances safe.
Factors to Keep in Mind Before Buying Cancer Insurance Policy
You can even buy cancer insurance online, but it is important to check a few things before you apply for one:
With the advancements made in India's medical industry, the cost of medical treatment has also increased. While keeping this in mind, it is important to choose the sum insured appropriately, such that you can deal with the illness without any additional financial burden.
It is important to ensure that you go through all the specifications of the cancer insurance plan in advance and choose one with maximum inclusions.
Types and Stages of Cancer
Before you buy cancer insurance online, it is preferable to check the types and stages of cancer covered under the insurance plan. You can compare cancer insurance plans across various providers and choose one with broader coverage.
Before applying for the claim, the waiting period for cancer insurance should be completed. Therefore, ensure that the waiting period is not too long.
Term for Renewal
It is important to check the maximum age of renewal and other terms, such that you can continue renewing your policy over a longer period and get a considerable amount if anything unfortunate happens.
Inclusions and Exclusions of TATA AIG’S Cancer Insurance Policy
A condition where the malignant tumour develops, with uncontrolled growth and spread of malignant cells destroying normal tissues. This diagnosis should be confirmed by a pathologist and should be supported by malignancy’s histological evidence. The types of cancer included are sarcoma, lymphoma and leukaemia.
It covers expenses like pre and post hospitalization expenses, ambulance cover, domiciliary treatment, associated medical expenses, daycare procedures, etc. These benefits might vary across different insurance plans like Critical Illness, MediCare Protect, MediCare Premier, Wellsurance Plans, etc.
Second Opinion Benefits
If you are unsatisfied with the diagnosis of one doctor, you can consult another doctor. All the expenses incurred will be covered under the insurance policy.
a) Tumours are generally defined as non-invasive or premalignant and showing malignant changes of carcinoma in situ. These exclusions also include but are not limited to carcinoma-in-situ of breasts and cervical dysplasia. b) Skin cancer, except invasive malignant melanoma. c) All prostate tumours having Gleason score less than 6. d) Bladder’s Microcarcinoma e) Tumours in the presence of HIV infection, without any exception f) Thyroid’s papillary micro-carcinoma less than 1 cm in diameter g) Less than RAI stage 3 Chronic lymphocytic leukaemia
a) Any pre-existing condition not disclosed at the time of application and any complications arising from it. b) If the signs and symptoms of the critical disease were present prior to the policy date or arose within 90 days of issuing the policy. Under this, the claim will be rejected. c) Any disease caused by a mental or physical condition that existed at the time of issuing the policy or commencement date, whichever is later. d) Sexually transmitted disease or self-inflicted injury such as suicide, etc. It also includes injury caused by adventure sports like paragliding, sky diving, etc. e) Any treatment or investigation not directly related to the covered injury or illness.
Claims Procedure and Claims Payment
You need to follow a hassle-free and straightforward process for settling the claim:
- Claim Notification
A written claim or notice should be submitted within 7 days of the potential loss or when the loss begins. In any event, this should not be delayed for more than 30 days.
- Submission of Claim Form or Evidence
The claim form, along with the documents required for evidence, should be submitted within 30 days of the loss. Nonetheless, if you are able to furnish a valid reason for not submitting the documents on time, your claim might not get rejected. Usually, this is acceptable if the circumstances were not under the control of the insured.
- Supporting Documentation and Examination
All the documents and medical records related to your treatment should be submitted within 15 days of your discharge from the hospital. Failing to submit the same might be acceptable under exceptional circumstances.
- Claim Settlement
If all the documents are found to be 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 have various insurance plans under different categories, providing the maximum benefits possible. Our customer care executives help our clients choose one of the best insurance plans according to their specifications. We have an excellent record of claim-settlement ratio and a satisfied customer base, making us one of the top insurance providers in India.
Frequently Asked Questions (FAQs)
Is Early Stage Cancer Insurance Available?
Usually, it is beneficial to buy a comprehensive cancer insurance plan. The coverage varies across different insurance plans, like, MediCare Protect, MediCare Plus, Critical Illness, etc. If you have a family history of cancer or inappropriate environmental conditions, it is advisable to buy a cancer insurance plan with complete coverage.
What All is Covered Under Female Cancer Insurance?
You can opt for TATA AIG Wellsurance Women Health Insurance which includes 11 critical illnesses and other consumable benefits. It includes women’s cancer insurance for ovaries cancer, breast cancer, etc.
What Is Group Cancer Insurance and What All is Covered Under it?
Usually, group insurance plans are bought by banks, organizations, employers, housing societies, etc., to cover their members or employees. The benefits under group cancer insurance depend on the sum insured and the tenure of the insurance policy. The premium payment is usually borne by the organizations.
Is the Provision For Lump Sum Cancer Insurance Amount Available?
Under a cancer insurance plan, if you get treated from one of our network hospitals, you can benefit from a cashless claim. Otherwise, you might have to pay the amount initially, and we will provide you with a lump sum amount after the submission of all the required documents.
What Is TATA AIG’s Cancer Insurance Policy Cost?
Like other insurance policies, the cost of the cancer insurance policy depends on the sum insured. If you opt for a higher sum insured, you might have to pay a higher premium for more comprehensive coverage and the inclusion of more expenses.
How to Choose One of the Best Cancer Insurance Providers?
As mentioned above, you need to compare cancer insurance plans based on various parameters like waiting period, types and stages of cancer covered, sum insured, exclusions and exclusions, etc. After researching, you can choose the insurance plan with appropriate specifications.
What are Ideal Cancer Insurance Rates?
Cancer insurance rates depend on the coverage and insurance plan you choose. At TATA AIG, we have various insurance products with different coverage and benefits. To select one of the best cancer insurance plans, you can go through the specifications of all the plans. Also, you can take our customer care executive’s assistance to sign up for an appropriate cancer insurance policy online.
How to Renew Pre Existing Cancer Insurance?
You can renew your cancer insurance plan online by simply visiting our website and entering your details. Thereafter, you can make the payment and get your pre-existing cancer insurance renewed.
Does TATA AIG Provides Chemotherapy Insurance Coverage?
Yes, TATA AIG’s Wellsurance Executive Policy offers coverage for chemotherapy along with other benefits.