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Three things to consider before choosing a cancer insurance policy



Your health is your greatest asset in life. However, growing pollution and increasingly stressful lifestyles have given rise to a number of grave conditions that are seriously detrimental to health. One such critical illness is cancer. There are a number of health insurance policies available for diseases and their treatment but cancer insurance policies are different and thus you need to select one after considering these three major factors:
 
  • Cancer is a general term for a number of underlying types such as ovarian cancer, lung cancer or prostate cancer to name a few. Each type of cancer is treated differently and needs a different cancer insurance policy to cover the costs of treatment or prevention. Some types of cancer may need only 5-15 lakhs for the first few months of treatment whereas severe forms might need a cover of 50 lakhs or more for the treatment.
  • The term of the health insurance policy that you choose for your cancer treatment is extremely essential. Cancer is a critical illness that can quickly destabilise your health from normal to critical. Often long term intensive treatment is required for full recovery or prevention of relapse. The term of your chosen insurance policy should be such that it covers any incurred expenses for a longer period of time.
  • You should always compare policies to find one that offers you the best deal. Some policies offer benefits like tax exemptions and waivers which are incredibly useful when large expenses are involved for medical treatment.

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