Health Insurance for Cancer Patients and Its Claim Procedure

Cancer is a life-threatening disease in which some of the body’s cells grow uncontrollably and spread to other parts of the body. This dreadful disease can result in a financial crunch. The treatment and care can be very expensive whether it is radiation therapy, diagnosis, or surgery. It can financially drain patients and their families. Thanks to general and health insurance companies that offer health insurance for cancer patients.

What is Cancer Insurance?

Cancer insurance is a type of insurance policy that offers financial support to the policyholder. It pays out a pre-determined lump sum amount to the policyholder on the diagnosis of cancer. Depending on the cancer stage and the plan you have chosen, a 100% lump sum amount is paid irrespective of the actual expenses that occurred. Thus, cancer insurance financially assists the insured person and his/her immediate family members to bear the expensive treatment costs.

Types of Cancer Covered Under Cancer Health Insurance

Cancer Health Insurance covers different types of cancer, such as:

  • Ovarian cancer
  • Lung Cancer
  • Breast Cancer
  • Larynx cancer
  • Prostate Cancer
  • Stomach Cancer
  • Ovarian Cancer

The inclusions may vary depending on the plans you have bought.

Benefits of Cancer Insurance

Top insurance companies provide lumpsum compensation depending on the severity of your condition. Coverage can be available for lymphomas, leukemias, sarcomas, and other cancer. Also, cancer-specific policies are designed to cover both minor conditions and major stages subject to the plans you have selected. The insurer will pay out the amount on diagnosis of cancer, irrespective of the stage.

Claim Procedure for Cancer Health Insurance

The claim process for cancer health insurance is very simple. You just need to fill out the claim form and submit it to your insurance provider along with other documents, like Medical certificates, Prescriptions, Investigation reports, and other procedure reports like that of radiology and chemography. The insurance company evaluates the reimbursement amount and approves it. Remember that all the documents should be signed and stamped.

Wrapping Up

Today’s lifestyle has increased the chances of getting cancer. Having cancer insurance is worthwhile, especially for those who have a family history of this life-threatening disease. If you buy the right plan, you will get the financial protection and comprehensive medical coverage at all stages of cancer.

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