Everything you Need to Know About Heart and Cancer Care Insurance Plan

Author: Jessy Jose

With lifestyle related illnesses on the rise because of the sedentary lifestyle, eating habits, rising stress levels and the general environment that we live in. In this day and age, health insurance plans are a must have for everyone. There are many types of health insurance plans that you need to consider before buying one. There’s critical illness insurance, personal accident insurance, cancer care insurance and of course life insurance plans. Heart and Cancer insurance plans are gaining immense popularity, mostly because the instances of these illnesses are on the rise.

Both heart related illnesses and cancer care can easily end up costing you a few lacs. Normal health insurance plans don’t cover heart and cancer care and hence it is advisable to buy this policy for your financial security. Here are some more reasons why you should buy heart and cancer care insurance.

  1. According to estimates of various global and domestic organisations, lifestyle related diseases like hypertension, heart diseases and cancer are on the rise in India. One out of four Indians is at a risk of contracting one of these diseases before they reach the age of 70.
  2. A heart surgery like a bypass can end up costing you two or three lacs depending on the city and hospital you’re treated at. Cancer treatment can cost you anywhere between 2.5 lacs to 20 lacs in just six months. You need something to fall back on when the costs are this high and cancer care insurance plans will have your back during this time.
  3. A heart and cancer insurance plan can be tailor made to meet the financial costs arising from the treatment require from one of these ailments. You can either choose one or both heart and cancer cover in your plan. The policyholder will receive lump sum payments throughout the various stages of his or her treatment.
  4. Cancer care insurance also provides a life insurance cover to the policyholder. This cover pays the nominee a certain amount of money in case of the death of the policyholder. This is a good way to secure your family’s’ future in case of the unfortunate.
Buying a heart and cancer care insurance plan may seem like an added expense right now, but in the long run it might help you to preserve the finances of your family in a time when they need it the most.