Comprehensive Critical Illness Insurance for Cancer Coverage
A stressful professional life and a sedentary style of living make us highly prone to several critical illnesses. Even people in their 20s and 30s are now prone to severe health problems. One of the most common of such critical illnesses is cancer. As per the National Health Profile, cases of common cancer in India increased by more than 300% between 2017 and 2018.
Standard cancer treatments in private hospitals could easily cost around Rs. 10 lakhs. If the treatment involves precision medicine such as modern immunotherapy drugs, the treatment cost could be as high as Rs. 1 crore. This could easily leave a family in significant financial distress. In such a situation, critical illness insurance could provide much-needed financial relief.
Let us have a look at all the different cancer stages that are covered under such insurance plans.
How is Cancer Stages Classified?
To better understand how cancer coverage in critical illness insurance works, one should first know how the different cancer stages are classified. Cancer is classified into four different stages. They are-
CIS (Carcinoma in Situ) or Stage 0 -
This is generally known as the first stage of cancer where there are abnormal cells in the body, but they are yet to spread to the nearby tissues. In this stage, the patient does not have cancer but has a high possibility of developing it in the future.
Early Stage or Stage 1 -
In the early stage, a malignant condition is developed, which could start invading and affecting surrounding tissues.
Major Stage or Stage 2 -
A malignant tumour is developed, and it could grow uncontrollably. The cells of this malignant tumour could also start destroying healthy tissues.
Critical Stage or Stage 4 -
The critical stage is when cancer starts spreading to other distant parts of the body.
Do All Critical Illness Insurance Plans Cover All Stages of Cancer?
A normal critical illness policy will cover you against ‘cancer of a specified severity’. In such plans, the cancer coverage includes a tumour of established malignancy marked by uncontrolled growth and spread with invasion and destruction of healthy cells. The coverage for cancer also extends to leukaemia, lymphoma and sarcoma.
The coverage amount approved for a policyholder depends on the stage at which the cancer was diagnosed. The full coverage amount is generally paid in case the cancer is diagnosed in the major or critical stage.
Selecting the Right Critical Illness Insurance Policy
If you are planning to purchase critical illness cover, here are a few essential things you should consider-
Coverage for all Stages -
Make sure that the plan you select covers the maximum number of stages of cancer.
Sum Assured -
This is the maximum amount the insurer will pay in case cancer is detected in the major or critical stage.
Waiting Period -
There is generally a waiting period of 1-2 years only after which the coverage gets activated.
Additional Benefits -
Maximum Age -
Prefer plans that come with additional benefits such as income benefit, waiver of premium, etc.
You should check the maximum age up to which the insurance will offer cancer protection. Go for plans that provide coverage for up to 65-75 years.
Make sure that you do read the documents of the critical illness plan you are going to purchase to understand the inclusions and exclusions in detail.
Win the Battle Against Cancer with a Critical Illness Insurance Plan
Cancer is a life-threatening and time-sensitive condition. Once cancer is detected, there is only a limited period within which it could be cured. Moreover, the cost of treatment generally runs into lakhs of rupees.
Get comprehensive protection with the best critical illness policy to make sure that you can receive quality treatment at the right time and win the battle against cancer.
Check out the health insurance plans by IFFCO-Tokio!
How to buy critical illness insurance?
Buying a critical illness insurance plan is easy with IFFCO-Tokio! You can visit any one of our 20,000+ branches or authorized agents and you will receive expert guidance through every step of your purchase decision. If time is an issue, you can also buy critical health insurance online through our website. The process is extremely easy and can be complete in just a few minutes. All you’ve got to do is follow the 3 simple steps highlighted below.
1. Fill in your details:
Such as your name, mobile number and coverage requirements. Then just hit the enter button and you will receive an instant quotation on your critical illness insurance policy.
2. Customize your quotation:
You can also customize the quotation and put together a critical illness insurance plan that is better suited for your needs and your budget.
3. Make it yours:
Finally, just make the payment and the policy document will be e-mailed to you instantly. When you buy critical health insurance online, you also have multiple payment options to choose from.
Why buy critical illness insurance online?
Until a few years ago, the only way to buy critical illness insurance was to visit a branch or consult an agent. However, all that has changed thanks to the internet. Now you can buy a critical illness insurance policy online. Here are some of the benefits of buying a critical health insurance plan online:
It’s super easy: Getting critical illness cover is extremely easy over the internet. No branch visits, no traffic snarls, the waiting in line – just click, tap and you’re covered! Simple isn’t it!
It’s time-saving: Buying a critical illness insurance policy online saves you a trip to the branch; this in itself will help you save an hour (maybe two) of your time. Moreover, the process of buying critical illness cover through our website is very easy and can be completed in a snap!
It’s convenient: The internet gives you the freedom to buy critical illness insurance from anywhere, at any time. You are no longer restricted to office hours to buy a plan. You can make the purchase on a lazy Sunday afternoon, from the comfort of your couch!
It’s paperless: When you buy critical illness insurance from a branch, you need to fill out several forms and provide several documents. All this paperwork can become really taxing. However, when you buy insurance online, everything is digital. You can fill up the forms with just a few taps and clicks and without any documentation. Moreover, the policy document will also be e-mailed to you, so you always have a back-up option in case you lose the physical copy.
It’s cost-effective: When you buy critical illness insurance online, you help the insurer cut back on numerous overhead expenses. Most insurance companies will pass on these savings to you by way of a discounted premium. So yes, besides being convenient, quick and paperless, buying insurance over the internet is also cost-effective!
Why choose IFFCO-Tokio?
Our critical illness insurance plans are designed to match all needs and budgets. We provide wholesome coverage against the different stages of cancer and ensure you are protected from the financial impact of the disease. This allows you to get the best treatment possible, without ever worrying about the cost. Here are some reasons why you should choose IFFCO-Tokio for your critical illness insurance policy.
- Wide Network:
We have 5000+ network hospitals in India where you can avail cashless hospitalization. Therefore, no matter where you live, getting quick and convenient treatment is always super-easy.
- Pan India Presence:
We also have more than 20,000 branches and authorized agents in the country. This ensures that you are always close to one of our touchpoints and can receive expert guidance without any hassles.
- Claim Settlement Ratio:
We’re there for our customers when they need us the most! In the 2018-19 financial year, we successfully settled more than 8.60 lakh claims at a claim settlement ratio of 92.65%.
- Health check-ups are covered:
Your wellbeing is important to us! That’s why we cover the cost of health check-ups at regular intervals. This ensures that you are always on top of your health and receive early medical care if ever needed.
- Experience in the insurance industry:
We have more than 20 years of experience in the insurance industry. This helps us to craft better insurance plans for our customers and ensure that all your protection needs are met!
- Award-winning protection:
Over the years, our insurance products have won the hearts of thousands of customers. And along the way, they have also won a few awards too! So, if you need a critical illness insurance policy, why not place your trust in IFFCO-Tokio and get award-winning protection.