Cancer Insurance Plan

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Cancer insurance is a type of health insurance plan intended to manage financial risks associated with cancer. It helps the policy holder to manage the costs of cancer treatment and provides the much-needed financial support during the time of crises. It would be wise to prepare for a financial contingency especially against cancer treatment and care and have an insurance policy that especially covers cancer. Cancer care insurance policies are introduced with the very objective to offer a comprehensive coverage against cancer. During time of crises and trauma, the up side of having an insurance will help the patient and members of the family deal better with the situation.

Benefits of Buying Cancer Insurance Plan

·         Cancer Insurance plans offer comprehensive insurance related to cancer.
·         Most cancer plans offer waiver of premium benefit for specific period say for 3 to 5 years or for entire policy duration. Some of the plans even offer a regular income benefit for a fixed period of time up to 5 years to cover daily costs of running a household. This is usually a percentage of the sum assured (say 1 percentage monthly).
·         Most cancer insurance plans offer an increase in sum assured as a plan option.
·         One of the most distinguished benefits of buying a cancer insurance plan is that the insurance coverage continues even after the diagnosis of early stage of the disease.
·         Cancer insurance plans also offer tax benefits under section 80D of the Income Tax Act.

Why Do You Need a Cancer Insurance Plan?

Cancer is the one of the worst health related illnesses that can happen to someone. No one wants to be afflicted by cancer as it is the most painful time physically and mentally for the person going through it and also for the family members. Wishing it away is not the solution. Everyone is aware that cancer can strike anyone regardless of family history and lifestyle. The recent rise in cases of cancer in India is of a major worry. Hence, having a cancer insurance is your best bet against the unforeseen health crises in life.

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