Cancer Insurance Payout On Diagnosis
Based on the cancer cover policy terms, you receive a lump sum amount when diagnosed with cancer. This amount payable under the chosen cancer cover plan depends on the diagnosed stage of cancer.
Waiver of Cancer Insurance Premium
Under various cancer plans, you benefit from a waiver of cancer insurance premiums. i.e. you do not have to pay premiums post cancer diagnosis under certain conditions. You are advised to read the cancer insurance contract carefully to know further.
Significant Cancer Insurance Cover at Low Cost
Under the right cancer insurance plan, you can choose a significant sum insured at an affordable premium.
Quality Treatment in Renowned Hospitals
Unlike many other cancer health insurance policies, a great cancer plan helps you decide the hospital and cancer treatment using the payout amount. It means a cancer cover policy helps you go beyond network hospitals.
Increased Sum Insured Per Year
With many cancer cover plans, the sum insured increases annually by a pre-defined percentage in case no claim is filed. You can ask the chosen insurer about these benefits in detail.
You can also save tax in the form of deductions for premiums paid for a cancer insurance plan. This is covered under Section 80D of the Income Tax Act. Tax benefits as per prevailing tax laws are subject to change.
