The expense of cancer treatment is obscenely high. A decent Health Insurance Plan for Cancer that includes Cancer coverage can be quite beneficial because it gives much-needed financial assistance. Several common Health Insurance Plans in India have policies that cover a wide range of illnesses, including Cancer. These indemnity policies reimburse for actual treatment costs up to the sum insured's total maximum. If you have a comprehensive plan, review it carefully to determine the extent of financial protection it provides against Cancer.
Cancer treatment and its affordability in India
Cancer is a frequent disease these days, and it doesn't come with a warning. Thousands of people die in India due to lack of access to treatment, primarily due to financial constraints.
- India has a sizable medical tourism business based mostly on lower medical prices. The problem is that many Indians do not have access to these services.
- The main issue is the high cost of health care. When someone is diagnosed with Cancer, which comes in 200 variants, you should evaluate whether you will be able to fund the treatment, even if the patient is in a curable stage.
- Even though India's pharmaceutical industry is flourishing, many individuals cannot afford basic pain management medications for Cancer patients.
- Before going broke owing to exorbitant treatment costs, consider taking a look at Cancer Health Insurance Plans in India, which are now available to all. In our country, over 10,000 people are diagnosed with Cancer each year, which is actually alarming.
Advantages of Health Insurance in India
Claims without the hard cash
- The burden of paying cash at the hospital can cause a lot of financial stress; however, with cashless claims, the process of claiming the money needed for treatment has become easier and less stressful. In India, 10000+ network hospitals offer cashless claim services.
Absence of sub-limits
- You won't have to worry about sub-limits on hospital room rents, hospital expenditures, certain ailments, or doctor fees if you have good Health Insurance.
Cashless healthcare at home
- If your doctor advises in-home care, you can receive medical care at no cost to you! Cashless home treatments for Cancer patients are now available in some cities under select Health Insurance coverage.
Procedures for day-care
- Medical costs for 586 day-care operations that do not require the patient to be hospitalized for more than 24 hours due to technological advances are now available.
Coverage of pre and post-hospitalization expenses
- Ambulance fees, medication, and costly doctor appointments are all covered. A decent Medical Insurance Policy covers pre-hospitalization charges for up to 60 days, and post-hospitalization expenses for up to 180 days.
Save up to ₹75,000 in taxes
- Some Health Insurance Policies save up to ₹75,000, which is then taxed under Section 80(D) of the Tax Code and allowed for this exemption.
Medical care at the comfort of your own home
- Medical expenses incurred by an insured person for receiving medical treatment at home on the advice of the attending medical practitioner if they are unable to be transferred to a hospital or if a hospital bed is unavailable.
Conclusion
Cancer is an illness that is not only harmful but also costly. Due to our lack of a healthy lifestyle, it is a common occurrence that puts us at risk. During such times, financial support is essential, and our Cancer Health Insurance Plan can help you provide such support. Let us help you today!
