Cancer Insurance is a unique type of insurance policy that is specially designed to offer financial support to those diagnosed with the illness. An insurance for cancer specifically offers cover for varied costs associated with the treatment including chemotherapy, hospitalization, surgery, etc. However, many cancer insurance policies do not offer death maturity or surrender benefits. To qualify for a cancer insurance plan, the policyholder cannot be suffering from pre-existing cancer conditions. Also, those previously diagnosed and treated for cancer are unqualified for cancer insurance.
Just like the above-mentioned queries, there are multiple questions that come to mind when one talks about cancer insurance policies. To help you understand this type of an insurance plan better, below are the frequently asked questions about cancer insurance:
A cancer insurance plan is a comprehensive and individual protection plan that provides financial coverage on the diagnosis of cancer. You have the option to choose between lump sum or lump sum plus monthly income benefit plans. Apart from that, on diagnosis of minor stage cancer, you also receive waiver of premium till the end of policy term.
Cancer is extremely traumatic for the person diagnosed with it as well as for their family. Though you can scientifically treat cancer if diagnosed at an early stage, it still costs a bomb. With Future Generali Cancer Protect Plan, you don’t have to be financially stressed out while fighting cancer. The flexible pay-out options help you to finance expenses related to medical treatment, living expenses, prescription drugs, and or transportation services to name a few.
Yes, you can have a standard health plan and a cancer insurance policy at the same time. The primary reason for having a cancer insurance plan along with a standard health insurance policy is that the medical expenses for treating cancer is very high depending on the stage of cancer. At times, there are other costs such as second opinion, counselling and rehab, home nursing, loss of income during recovery period. A standard health insurance policy may not be adequate enough to cover all the expenses. Hence, a fixed benefit plan such as a cancer insurance policy is required to take care of medical and other costs.
In general, one can opt for a cancer insurance plan from the age of 18 years. The entry age for Future Generali’s Cancer Protect Plan is 18 years to 65 years for major lives and 1 year to 17 years for minor lives.
A new insurance plan has to be purchased once the term of the existing policy is completed.
The maximum entry age is 65 years while the entry age for any individual is about 18 years. However, the renewability after 65 years of age depends from policy to policy.
After careful and in-depth research about insurance plans, one can opt for a cancer policy that works best for your coverage needs. Future Generali Total Insurance Solutions offers reliable insurance plans for cancer. Simply go online and get yourself a cancer insurance policy cover in just a few simple steps.
Go to the cancer insurance quote generation page
Choose the benefit option, cover amount and period of cover.
Based on above parameters along with age and smoking habits, the premium amount will be decided.
Fill the online application form and pay your premium online
Submit all documents (online)
Once the payment is made and all relevant documents are submitted your policy shall be issued post document verification
Opting for a cancer insurance policy is important for those who have a family history of cancer, who do not have suitable savings to pay large medical bills, and for those who are the only bread-winner of their family.
A person consuming tobacco too can buy this policy. However, smoker rates are higher than that of non-smoker. If you haven’t been using tobacco in any form for the last 12 months.
There are a few exclusions in a cancer policy.
Thus, it is of great importance that one understands the amount of coverage and benefits that the plan offers before purchase. At Future Generali Life Insurance, we provide complete care for your family’s financial future.
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