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Cancer is one of the most spreading diseases, in the world. This disease is the second leading reason behind deaths. The major reason behind the increasing case of cancer is pollution and lifestyle. However, the cancer treatment will cost a ton of money to the middle-class person. So, it is better to get insurance which will help you financially.
Here we are going to discuss related to the cancer cover plan, and all the details related to the cancer cover policy.
Cancer Cover Plan
Cancer cover plans are like any other insurance plan provides financial help to patients ever since the disease is diagnosed. There are two types of Cancer cover plans, fixed benefits health plans, and Indemnity based health policies.
Fixed benefits health plans are the insurance plan which pays a pre-determined amount as a one-time payment. It is beneficial for those who have a family history of the disease.
Indemnity-based health plan is the insurance plan which pays you the amount paid on the medical treatment. In this plan, you can choose from various hospitals and can go cashless.
Factors to consider
You invest in many assets to get returns and to secure our future. But what you miss is to invest in our health. It is very important to take policy as the danger of getting cancer is increasing day by day. Here are some of the tips to buy a cancer cover policy:
Cancer treatment will burn your pocket, and if you are investing your money in a policy, it should give you a high return so that you don’t have to face any financial crisis at the time of need. Select the high return policy which will cover your expenses.
Read all the terms and conditions properly of your insurance. Your insurance must cover all types and stages of cancers whether it is minor or major. A normal cancer cover plan covers 20%-25% in the primary stage and 100% in the critical stage.
It is advisable to take an insurance plan which will waive off your premium when diagnosed with cancer. As it takes a lot of time and money to get treated it is better that you don’t have to worry about the premium and cover your treatment at the same time.
Renew and flexibility
The company should provide you with the option to renew your insurance. As many patients get the disease again and are at high risk. So, it is better to get your insurance renewed and can be used when needed.
The company should provide you the flexibility to pay your premium according to your convenience.
Before taking the cancer cover plan make sure you will check the waiting period as it is the important thing to check. Many policies get activated after a certain period of time after the purchase of the policy. In usual insurance, it takes between 3 months to 6 months to get activated and the insurer should survive 7 days after getting diagnosed with cancer.