Usually, people buy cancer insurance for family to secure his or her family members financially. With the help of life insurance, people secure their loved ones future so that they do not have to suffer from a severe economic condition. Consequently, they manage to secure their loved ones over their premature death.
What is cancer insurance?
Cancer insurance for family is a special type of policy to cover the diagnosed person financially, and also give coverage for other costs like cancer treatment, specialist fee, diagnosis, chemotherapy, and many more. Cancer insurance for family policy does not cover death unlike life insurances. But it has a plus point that it has no limit for expenses to cover.
The coverage these policies offer:
- Hospitalization expenses
- Radiation expenses
- Chemotherapy expenses
- Surgery expenses
- Diagnosis expenses
- Treatment expenses
Such policies do not pay for death unlike those of life insurance and travel insurance policies.
Types of cancer get covered under cancer insurance for family:
Cancer insurances in India cover a lot for the diagnosed person. It does not pay for death but for the treatment of the diagnosed patient. These types of cancer are listed below:
- Hypo larynx cancer
- Ovarian cancer
- Stomach cancer
- Prostate cancer
- Breast cancer
- Lung cancer
- Brain cancer
- Blood cancer and many more.
Benefits of Cancer Insurance for family
There are a lot of facilities for cancer insurance policy holder. These benefits are listed below:
- The premium reductions are available for policies over a certain amount of money
- It covers multiple stages of cancer. From First to the last stage they are bound to pay you all the expenses.
- Monthly income is paid out for a certain period of time at specific conditions like at the time of major cancer diagnosis
- Insurance cover is not ceased after the first diagnosis, it continues till the patient cured completely or for the days the patient survive
- The premium relinquishment is available under assured conditions like an early-stage cancer diagnosis
- The assured sum will increase by a pre-specified percentage if there are no claims during the year
- infection sum is paid out on cancer diagnosis
Why one need cancer insurance for family?
People need this cancer insurance policy for family because the insurance gives a great coverage during cancer treatment. Cancer treatment nowadays is super high. For especially lower class and middle class people the cost of cancer treatment is out of reach. Due to lack of money many people are dying from cancer. So if you possess cancer insurance for family then it will provide you a great extent of coverage that will lesser your burden.
Expenses of cancer treatment make ones economic condition too poor. It leaves the survival of the family in middle of the sea. And even after the treatment it is hard to say that the patient will survive or not. Thus a family suffers a lot for the cancer treatment expenses. But having a cancer insurance will be very helpful for the family as it will cover the policy holder during the treatment process and thus the survivor will not bankrupted for the cancer treatment expenses.
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