Things To Keep in Mind Before Buying a Cancer Insurance Policy

Over the past 3 decades, the cases of cancer in India have doubled. The number of cases keeps increasing and we are at a higher risk of being diagnosed with the same disease more than ever. Research also shows that while most cancers are treatable with high success rates, India still falls behind because most people are not able to afford it or get access to the right treatment methods. 

Fortunately for you, we have a coverage benefit for cancer treatment expenses in case you ever need it. If an unfortunate circumstance like cancer comes knocking your doorway, you can protect yourself from spending huge treatment amounts and get the best healthcare. 

But before you plan to purchase a critical illness plan that not only covers cancer but also similar illnesses, here are a few things you must consider. 

• Understand your coverage requirements

While searching for a health insurance plan, you will get a lot of options. But you will only be able to choose a suitable one if you understand what type of plan and benefits you need. We suggest you prepare a list of your possible requirements based on certain factors such as age limit, family’s medical history, sum insured you want, etc. 

• Think through the options

There are many options available for you to avail protection against critical illnesses. But, firstly and most importantly, you must decide whether you want to buy a separate cancer insurance plan or you want to go for it as an add-on cover with your existing health insurance policy. 

If you want coverage for your entire family, then it is better to opt for a separate policy, this way, you can opt for a higher sum insured too. The add-on is also a great option but is suitable for an individual. 

• Look for wider coverage

When it comes to buying a health insurance plan, we often look for a wider coverage at an affordable price. However, besides this, you should also check for the number of diseases you are getting covered for. Another factor to look for, is the age limit, as many insurance policies cover the insured up to the age of 70 years. Hence, look for a plan that offers you coverage for the maximum amount of time possible. 

We hope you now understand what to consider before buying the plan. If you want more details or wish to explore more health insurance plans, you can download our Bajaj Finserv App.

Anywhere, Anytime insurance with the Bajaj Finserv App!

The Bajaj Finserv App is a high utility App that takes care of all your financial needs including insurance. On the app, you can explore health insurance plans from our trusted partners. Here you can view product features, compare prices, and purchase a plan that is best suited to your needs. All this in a matter of minutes on our 100% digital platform and from the comfort of your home. It truly is becoming the new way to buy insurance.