Cancer insurance plans are types of health insurance plans which provides you with financial assistance in case you get diagnosed with cancer.
Cancer insurance is a kind of health insurance that has been created to ensure that all the risks linked with cancer are managed as best as they can be. Cancer insurance helps in reducing the costs incurred by individuals on cancer treatment, thereby ensuring that policyholders have the financial support when they most need it.
Cancer insurance has grown in popularity in recent years as it is known to lower stress on the finances of those who have been diagnosed with the condition. Since cancer can strike anybody regardless of lifestyle and family history, it is advised that you purchase cancer insurance so that your finances are not totally depleted on the occurrence of cancer. A number of leading life insurance providers in India have started offering cancer insurance to protect their customers. In this article, we will look at the benefits of cancer insurance and everything else you need to know about the same.
While there are many benefits to purchasing cancer insurance, the scheme comes in handy in case you are diagnosed with cancer. Considering the increasing medical costs in this day and age, a cancer insurance will ensure that you receive the financial support to pay your bills and receive quality treatment to beat the condition. A cancer insurance policy provides cover for several different costs related to the diagnosis as well as treatment of cancer, such as chemotherapy, surgery, hospitalisation, radiation, etc.
Individuals who wish to purchase cancer insurance will have to ensure that they are not already suffering from cancer as cancer insurance policies do not cover already existing conditions. But purchasing a cancer insurance plan will ensure that there is no domino effect on the individual or his family and help them remain strong emotionally, physically and financially. It is essential to consider the purchase of cancer insurance if your family has a history of cancer, or if you do not have sufficient savings to meet medical expenses, or you are the sole earning member of the family, or if your basic health insurance policy does not offer comprehensive coverage for cancer, or if you have a fear of developing cancer owing to environmental or other reasons.
Following are the different kinds of cancer covered by cancer insurance plan:
The risk of cancer has greatly increased in the recent past due to several environmental and lifestyle factors. In addition to being a serious physical ailment that requires extensive care, cancer is also an expensive disease to treat. With healthcare costs on the rise, being diagnosed with a critical illness like cancer can drain one’s hard-earned savings and can even leave an individual in debt.
Thus, purchasing a cancer insurance policy as a precautionary measure is a smart decision since a cancer insurance policy can provide financial protection to the policyholder, in case he/she is diagnosed with cancer at any point of time. If you are considering purchasing a cancer insurance plan for yourself or your family members, here are the best cancer plans offered by insurance companies in India with the highest claim settlement ratio for FY17-18.
Following are some of the best cancer insurance plans you can avail in India:
|Plan Name||Entry Age||Sum Assured||Policy Term|
|Max Life Cancer Insurance Plan||25 years to 65 years||Rs.10 lakh to Rs.50 lakh||
|LIC’s Cancer Cover||20 years to 65 years||Rs.10 lakh to Rs.50 lakh||
|ICICI Pru Heart/Cancer Protect Plan||18 years to 65 years||As per the policy brochure||5 years to 40 years|
|HDFC Life Cancer Care Plan||18 years to 65 years||Rs.10 lakhs to Rs.40 lakhs||10 years to 20 years|
|Exide Life Sanjeevani Plan||18 years to 65 years||
|SBI Life – Sampoorn Cancer Suraksha Plan||
|DHFL Pramerica Life Cancer + Heart Shield Plan||18 years to 65 years||
|ABSLI Cancer Shield Plan||18 years to 65 years||Rs.10 lakhs to Rs.50 lakhs||5 years to 20 years|
The Cancer Insurance Plan from Max Life Insurance is a non-participating, non-linked insurance policy that provides coverage for all stages of the disease.
Key Features and Benefits of Max Life Cancer Insurance Plan:
LIC’s Cancer Cover is a non-participating, non-linked insurance policy that provides financial protection to the policyholder in case they are diagnosed with cancer during the policy tenure. This policy provides coverage against all stages of cancer and comes with two benefit options.
Key Features and Benefits of LIC’s Cancer Cover:
The Heart/Cancer Protect Plan from ICICI Prudential provides an insurance cover against cancer, heart diseases, or both by way of a joint cover. This policy offers a high sum assured at a low premium rate to the policy buyer.
Key Features and Benefits of ICICI Pru Heart/Cancer Protect Plan
The Cancer Care Plan from HDFC Life Insurance offers policyholders a lump sum benefit upon diagnosis of cancer, regardless of the stage of the disease. The policy comes with three plan options – Silver, Gold, and Platinum, making it easy for a policy buyer to avail coverage as per their needs.
Key Features and Benefits of HDFC Life Cancer Care Plan
The Exide Life Sanjeevani Plan offers comprehensive coverage against financial expenses that one might incur due to being diagnosed with cancer or heart related conditions. The policy has two plan options, with Option A only covering heart-related conditions and Option B covering both cancer and heart related conditions.
Key Features and Benefits of the Exide Life Sanjeevani Plan:
This SBI Life Sampoorn Cancer Surakhsa Plan is an individual, non-linked, non-participating health insurance policy that provides comprehensive protection against all stages of cancer. This plan comes with three benefit options – Standard, Classic, and Enhanced.
Key Features and Benefits of the SBI Life Sampoorn Cancer Suraksha Plan:
The DHFL Pramerica Life Cancer + Heart Shield Plan is a non-participating, non-linked, fixed benefit policy. There are four coverage options under this policy – Option I: Cancer Shield, Option II: Heart Shield, Option III: Cancer & Heart Shield, and Option IV: Comprehensive Shield. Thus, policyholders can opt for a coverage option that will meet their exact requirements.
Key Features and Benefits of the DHFL Pramerica Life Cancer + Health Shield Plan
The Cancer Shield Plan from Aditya Birla Sun Life Insurance is a non-participating, traditional health insurance that offers coverage against all stages of cancer.
Key Features of Aditya Birla Sun Life Insurance Cancer Shield Plan
With the increasing incidence of cancer cases in the country and the rising medical costs, a cancer insurance plan is a must-have. However, before you purchase a policy, make sure to compare plans offered by various insurance providers, check the benefits and payouts, read through the policy terms and condition, and compare premium quotes. Ideally, you should always opt for a policy that offers you the best coverage at a competitive premium rate.
Following are some of the features and benefits of cancer insurance plans:
Relief for cancer treatment expenses by Ayushman Bharat
Cancer is one of the most dreadful diseases all over the world. India is one of the most affected countries that deals with several incidents of cancer of various types. Though the medical industry has grown over the years, cancer deaths have only increased. In 1990, cancer was a cause of 3.82 lakh deaths and in 2016, it was the cause of 8.13 lakh deaths. This means that the number of cancer deaths has increased twofold over a period of 26 years. Currently, cancer is a cause of 8.3% of the total number of deaths in the country.
The most common types of cancer incidents are lip cancer, oral cavity cancer, breast cancer, cervical cancer, lung cancer, and stomach cancer. The biggest risk factor of cancer was found to be tobacco. During the period between 1990 to 2016, the number of breast cancer cases increased. However, the number of cases with regard to cancer of the cervix, oesophagus, lip, stomach, oral cavity, and leukaemia reduced.
Preventing cancer is, hence, the need of the hour. Screening camps need to be conducted in order to detect cancer as early as possible. Further, since tobacco is one of the major causes, the prices of the same need to be increased in order to prevent people from over-consumption of tobacco. Along with the increase in prices, hike in taxes and awareness of the risks associated with tobacco will help tackle the issue.
Many people from the lower economic class cannot afford cancer treatments due to the elaborate and expensive procedures, which is why the central government has included coverage for cancer treatments in its ambitious national health insurance scheme called Ayushman Bharat. The scheme offers coverage equal to Rs.5 lakh to each family that is eligible to enjoy benefits under the scheme. The funds allocated towards such treatments will even help track the incidents of cancer through Ayushman Bharat’s database. Insurance companies, today, offer specific health insurance plans such as cancer insurance plans that offer coverage for cancer treatments but such plans may or may not be affordable to the underprivileged. The same is the case with the life insurance plans and riders offered by private life insurance companies for financial aid for cancer patients. Therefore, such people can avail aid through the Ayushman Bharat health insurance scheme.
Renal failure: Why it is important to have a cancer insurance plan?
Kidneys are one of the most important parts of our body as it flushes out all the toxic and unwanted elements from our system. They also ensure that our blood pressure is maintained including the production of the red blood cells in our body. Thus, due to so many functions that kidney exhibits, it is no doubt one of the most important organs in our body.
Kidney failure or renal failure, in general, can result in diabetes, high blood pressure, chronic diseases, infection, etc. Humans possess a pair of kidneys. When both of them stop functioning then the condition is called renal failure.
Some of the reasons due to which kidney failure can happen are:
The symptoms of a renal failure
Generally, it can be difficult to notice the symptoms of a renal failure. Hence, a person initially may not detect his/her kidney failing to function. However, with time, as the kidney starts getting damaged slowly, one can then detect certain symptoms which could suggest that the person is suffering from renal failure. Some of the symptoms that can help a person detect a renal failure are:
It is recommended that a person stays alert. Any signal that suggests that the person may suffer from renal failure, he/she should immediately take precautions and consult a doctor.
While the monsoon season can bring its own share of happiness to people, it is also a season when people can fall sick due to getting hit by various forms of infection. It is one of those times when dangerous bacterias can enter our body and destroy our cells. Rainy season is also one of those seasons during which a person can suffer from kidney failure, and thus it becomes extremely important to take precautions.
Some of the precautionary measures that you can take in order to keep your kidney healthy are:
Renal failure and cancer
Renal failure can also be very dangerous for cancer patients and thus they must take extra precautions to ensure that their kidneys do not suffer. Renal failure for a cancer patient may create a lot of extra health complications and can increase the cost of treatment.
Though a human has been bestowed with a pair of kidneys, it is always recommended that a person purchases a proper health insurance policy, and also a cancer insurance policy as well. It is important to have a suitable health insurance policy or a mediclaim as a majority of the family in India end up paying up for the treatment of any health condition out of their own pockets.
When one pays for the treatment of a health condition from their own pocket they generally let go of their hard-earned savings which they could have utilised to fulfill their other goals. Hence, the need for having a health insurance policy becomes very important and hence one should purchase a health insurance policy for themselves immediately.
Cancer covers: Your Best Protection Against the Financial Impact of Cancer
Cancer is one of the worst diseases one can encounter in their lifetime. The number of cancer cases across the country is increasing every year. One of the serious impacts of cancer is the expenses associated with the treatment process. With this significant rise, cancer covers could provide you with the much needed financial security in case of the occurrence of the disease.
A cancer cover pays a fixed lump sum amount following the diagnosis of cancer. The percentage of sum insured amount provided to the policyholder may depend on the stage of cancer. The fixed sum insured amount is provided without the need for any medical bills or treatment reports.
One of the advantages of a cancer-specific health insurance plan is that the premium costs are not very expensive. With the right insurance cover, you can take advantage of the income benefit, waiver of premium benefit, cumulative benefit, etc.
A comprehensive cancer insurance is completely different from a critical illness rider that can be added to a base plan to gain additional protection. While a critical illness rider will offer financial support in paying for expensive treatments for a variety of critical conditions such as stroke, paralysis, multiple sclerosis, organ transplant, cardiac arrest, deafness, total blindness, etc. A number of life-threatening cancers are also covered by many critical illness riders. In most cases, the average critical illness rider will pay out a lump sum in case the life assured has been diagnosed with any of the critical conditions covered by the rider. The payouts offered by the rider can be used for co-pays, treatments, therapies and related medical expenses.
Critical illness riders are less expensive in comparison with comprehensive medical insurance policies as protection is offered only for a few critical conditions. Critical illness riders can be bought as individual plans or riders that can be attached to existing health or life insurance policies. One of the prominent drawbacks of critical illness riders, however, is that they usually cover cancer during the advanced stage in the sense that they cover cancer only in case a malignant tumour displays uncontrolled growth and invasion of regular tissues. Moreover, critical illness plans do not offer a waiver of future premiums whilst revoking all the other benefits you would otherwise receive from a comprehensive health insurance plan. In case any of the illnesses covered by the critical illness rider have been detected in the policyholder, the plan cover shall cease.
Cancer insurance plans, on the other hand, offer comprehensive coverage for each stage of cancer, thereby ensuring that the policyholder can continue to receive financial protection and save a lot of money that would otherwise be spent on treatments and therapies.
Following are the exclusions in a cancer insurance plan:
While the claim settlement process varies from insurer to insurer, the general procedure that one will have to follow when it comes to making a claim is as follows:
Cancer is one of the most deadly diseases that can hit you. While cancer can put you and your loved ones under extreme emotional turmoil, it can also put you and your family under a huge financial trauma as well. Cancer insurance policies are specially designed to provide you cover in case you or any of your family member gets diagnosed with cancer. You receive payouts depending on the different stages of cancer which ensures that you do not face any financial problems during the treatment. Thus, purchasing a cancer insurance plan is the way to go forward. Before you purchase any cancer insurance plan, you must properly research and compare various policies. Keep in mind the following factors before settling down for the most appropriate cancer plan for yourself:
You can come across various types of insurance policies which provides coverage for cancer. You can avail these types of policies even if you have never been diagnosed with cancer before. Some of these types of insurance policies for cancer that you can avail for yourself are:
Thus, choosing a proper cancer insurance policy is extremely important as you would want a scheme that would provide you with the necessary financial assistance while you get treated for cancer. You need to ensure that you are getting adequate coverage with your cover amount, sufficient enough to take care of your medical expenses. You must also look for features which would ensure that you or your family do not face any monetary problems while your treatment for cancer is in process. You must also look for the exclusions in your policy, and make sure that the policy covers the majority of types of cancer. You must also ensure that you are purchasing your cancer insurance policy from a reputed and trusted insurance company. In the end, you must properly research and compare different cancer insurance plans, and based on your needs and medical history you can choose the most suitable cancer insurance policy for yourself.
According to a report, as many as 10 lakh people are diagnosed with cancer each year and over 60% to 70% of those, I.e., 6 to 7 lakh people succumb to the disease. Also, cancer treatments are often extremely expensive and more often than not, the patients only prolong their lives for a few more years before the condition relapses and with it some more complications. Of late, nearly every comprehensive health insurance policy comes with coverage against all sorts of cancer to reduce the level of financial constraints on the patients, however, it is only a stop-gap solution of sorts. Keeping this in mind, life insurance companies have come up with specific plans to come to the aid of cancer patients.
In this section we will tell you a few basic things about what a cancer insurance policy is all about and some of the aspects relating to it.
If you stay in an urban area then the chances of you getting diagnosed with a serious health condition are extremely high. While diabetes and blood pressure have become very common health conditions, the other disease which most of the urban people risk suffering from is cancer.
More and more people are getting diagnosed with cancer in India. While women are suffering from breast cancer, more men are getting diagnosed with lung and prostate cancer. The biggest concern for someone who suffers from cancer are the expenses related to it. The cost of the treatment of cancer is extremely expensive and can burn a huge hole in your pocket.
So, is there any solution to ensure that you can minimise the cost of the treatment of cancer or simply ensure that you do not get diagnosed with the condition? Actually, there is none.
Simply maintaining a healthy diet or regularly hitting the gym may not suffice, as if you get diagnosed with any form of cancer, the chances are extremely high that you will have to shell out a large sum of money for the treatment.
Though you may not have any control over whether you can be diagnosed with the disease, you can, however, ensure that you do not have to shell out a large sum of money from your pocket. Hence, you must purchase a cancer insurance policy for yourself. There are various reasons why you need a cancer insurance policy for yourself.
First of all, according to a report by the National Cancer Registry Program, which is hosted by the Indian Council of Medical Research, more than 1300 people die of cancer on a daily basis which strongly suggests how regularly cancer has started occurring in urban India.
The mortality rate has also increased by 6% in India and is expected to rise up to 17 lakh by the year 2020. When you look at these numbers, you can be very much sure that the chances of a person getting diagnosed with cancer are extremely high and thus the need for a cancer insurance policy rises.
The treatment of cancer is also extremely expensive in nature. The cost of medical treatment has jumped to new levels due to inflation and is expected to rise in times to come. It is extremely difficult for a middle-class family to afford the expenses related to the treatment of cancer since it is a menacing disease and needs extensive care for the condition to be treated. Even after the surgery, a person has to be under extensive medication and care, which only adds to the cost, and thus it can become extremely expensive for a person to fully pay from his/her own pocket to cover the expenses. Thus, a cancer insurance policy becomes very important as it covers different forms of cancer and helps you in saving your hard earned money.
Due to a large number of people getting diagnosed with cancer coupled with inflation, which has made medical treatment extremely expensive, it has become extremely important for us to purchase a cancer-related insurance policy. However, there are various options under cancer insurance which you must consider as per your needs and then only zero in on the most suitable one.
A comprehensive health insurance plan
There are insurance companies which offer a comprehensive health insurance plan that covers cancer. These types of plans cover major forms of cancer and take care of the expenses related to surgery, chemotherapy, day-care treatments, etc. They also cover the expenses related to pre-hospitalisation and post-hospitalisation. These types of plans significantly reduce the financial implication that you would have otherwise faced if you did not have a cancer insurance policy.
A critical illness plan
A critical illness plan is designed to cover only specific conditions. When you are diagnosed with any specific health condition, the insurance company then pays you a lump-sum amount for its treatment. Cancer is one of the many diseases which your insurance company may cover. In case you get diagnosed with any form of cancer, the insurance company will pay you a lump-sum amount regardless of the expense incurred by you for the treatment of cancer.
A cancer-specific health plan
There are types of health plans that you will come across which specifically cover only cancer. In case you get diagnosed with any form of cancer, the insurance company will pay you a lump-sum amount and bear the cost of treatment of cancer. These types of plans are of huge financial help especially during the time when you are getting treated for cancer and need a good amount of money for the treatment of the condition.
How can you decide on a plan?
It is generally recommended that you purchase a comprehensive health insurance policy and attach to it a cancer insurance plan or any other critical illness plan. It is always advisable to purchase a health insurance policy where the insurance company provides comprehensive cover which includes cover for the treatment of cancer. Since these types of plans provide you with a lump-sum amount, you can then easily take care of the expenses which arise out of the treatment of cancer.
Things to remember
Cancer is a huge menace and its treatment is expensive as well. While it is not fully possible to avoid getting diagnosed with cancer, you can take financial precautions by purchasing a suitable cancer insurance plan which would ensure that you do not have to face any financial problems in case you get diagnosed with any forms of cancer.
Changes in all terms and conditions will not be allowed once coverage starts, but customers have the freedom to increase the sum assured at any time.
No. Proposal forms will be accepted from a customer even if he/she has a family history of cancer. However, such customers will have to furnish a detailed description of their cancer history.
Customers who wish to avail a cancer insurance plan will have to meet the age criteria which usually require them to be between 18 and 65 years of age. Customers will also have to make premium payments towards their plan and select a sum assured before availing the policy.
While some companies allow customers to select a sum assured worth Rs.5 lakhs at least, the minimum sum assured for some companies is higher. In the same way, the maximum amount of cover you can avail from a cancer insurance plan will also change from company to company.
Different plans have different payout structures. While some plans will provide the customer with the entire sum assured upon diagnosis, some plans offer a certain percentage of the sum assured as a lump sum and continue to pay out the remainder over regular intervals of time.
Most cancer care policies in the market cover major and minor stage cancer. Thus, no matter what stage of cancer the policyholder is diagnosed with, he/she will get the corresponding benefit.
The benefits provided by various insurance policies will differ based on the policy’s coverage limits, inclusions, and exclusions. For more information on the same, make sure to go through the policy document or brochure.
Most cancer insurance plans do not provide a death benefit, thus no benefit will be paid to the nominee in case of the policyholder’s death. However, if the death benefit is part of the benefits offered under the policy, the nominee will be entitled to receive a payout in the event of the policyholder’s death.
In most cases, pre-existing diseases are not covered by cancer insurance policies. You will find the whole list of exclusions in the policy brochure.
Most cancer insurance policies that are offered come with a 180-day waiting period. Thus, if the policyholder is diagnosed with cancer during the waiting period, no benefit will be paid.
To be eligible to receive the payout offered by the insurer, the policyholder has to survive for at least a period of 7 days, post diagnosis of the disease. This 7-day period is known as the survival period.
Yes, you can claim tax benefits for premiums paid under Section 80D of the Income Tax Act, 1961.
A health insurance policy offers comprehensive coverage against a range of illnesses and diseases. And while health insurance plans do cover critical illnesses, they usually only cover inpatient hospitalisation, and not the entire treatment costs. Thus, it is advisable to purchase a cancer-specific policy, even if you already have a health cover.
Your premium rates will remain constant for the duration of the policy tenure. At the time of renewing the policy, the insurer may increase your premium based on your current age, lifestyle, sum insured, etc.
Yes, cancer insurance plans come with a free-look period. The free-look period is usually either 15 days or 30 days.
Yes, you can apply for a cancer insurance plan even if you are a smoker. However, you will have to declare this fact at the time of purchasing the policy. Failure to do so could lead to your claim getting rejected.
Policy buyers might have to undergo a pre-policy medical test on the basis of their age, sum insured, lifestyle, and other factors.
Most cancer insurance policies do not have a cash value attached to them. Thus, you will not be paid a surrender benefit even if you surrender your policy.
At the time of making a claim, the policyholder will have to submit the filled and signed claim form, supporting medical documents, bills, and any other reports that are requested by the company.
Insurance providers offer cancer insurance plans with policy tenures between 5 and 40 years. Thus, when you purchase a policy, you can opt for a policy tenure that is best suited to your needs.
Securing the lives of your loved ones is a must, and a life insurance plan can help you to this end. A few popular types of life insurance plans include Term Life Plans, ULIPs, Endowment Policies, Whole Life Policies, Pension Plans, and Money-Back Plan. To know more about the different types of policies and the benefits of life insurance.
Term insurance plans, a popular choice among policy buyers, are an economical way to secure your family financially. For information on the various types of term insurance plans in the market, key features and benefits, claim process, and lots more.
In January this year, the popular hospital chain, Apollo hospitals, opened a Proton Cancer Therapy Centre. This is considered a first in South Asia. The Centre has 150 beds and three proton therapy rooms. It also has an advanced radiation oncology centre, immunotherapy facilities, medical oncology services, and high-end daycare chemotherapy rooms.
The parent company of Apollo has raised Rs.1,000 crore from Credit Suisse to take care debts of the promoter group. The promoters are planning to sell their stake in the health insurance firm, Apollo Munich Health Insurance.
30 July 2019
In order to make the process of buying group health insurance policies effortless, health insurer Max Bupa has partnered with MobiKwik to reach its customer base of 107 million people for its insurance products. Through Mobi Kwik, Max Bupa will sell bite-size group health insurance products that will come with special features such as hospital cash, cancer cover, affordable premiums and attractive discounts and offers. The group health insurance policy which will be sold by Max Bupa through Mobi Kwik will be sold at an affordable annual premium of Rs.135 which will come with Rs.500 per day hospital cash benefit for a period of 1 month of hospitalisation. Commenting on the partnership, the CEO of Max Bupa health insurance said, We are enabling financial inclusion by making pocket size health insurance solutions available through the Mobikwik platform and plan to acquire 1 million Mobikwik customers over the next 3-4 years.
29 July 2019
Owning a comprehensive health insurance policy is typically considered a step forward towards a sound financial planning. However, these plans are primarily indemnity plans, hence, only the medical cost is reimbursed during the period of hospitalisation. But what will you do when a critical illness strikes you or one of your family members? It is important that you remain prepared for the worst. Edelweiss Tokio Life Insurance Company has recently launched the ‘Heart and Cancer Insurance Plan’ known as the Health Shield+. Depending on the health requirements and needs, one can opt for the Health Plan or the Cancer Plan. The cover offers protection against all types of cancers and heart diseases. Following are the plan options for Health Shield+:
Under the plan, Health Shield+, the insured will receive a lump-sum payout upon diagnosis of minor and major conditions of the Heart and Cancer.
2 July 2019
National Pharmaceutical Pricing Association (NPPA) has cut down the prices of nine more cancer drugs by 87%. The government earlier this year reduced the price of 42 cancer drugs by 85%. These cancer drugs covered almost 355 brands in India and covered around Rs.3,500 crore to Rs.4,000 crore of Indian pharma market with a turnover of nearly Rs.1.3 lakh crore in the year 2018.
The move made by NPPA is highly welcome since there are around 2.2 million to 25 million cancer patients in India with 1.1 million new cases detected on a yearly basis. The sales of domestic cancer drugs in India is rising at 20% annually for the last few years and global sales has been half of that. Due to this, the prices of these drugs are at least 7-8 times more than the manufacturing price. The cut in the prices will bring relief to those who suffer from cancer.
10 June 2019
With the Government realizing that radiotherapy centers in the state are charges exorbitant amounts for their packages, anywhere between Rs. 75,000 to Rs.1.5 lakh, the Government is looking into such packages to make it a lot more affordable for those diagnosed with Cancer. In addition, the Government is specifically looking into packages listed under the Mahatma Jyotiba Phule Jan Arogya Yojana (MJPJAY). A state official said, we may take a fresh look at the radiotherapy packages and bring down the costs of such packages. Under the scheme, patients are covered for radiotherapy under 15 types of packages ranging from Rs.2,500 to Rs.1.5 lakh.
6 June 2019
A World Health Organisation (WHO) report states that breast cancer treatments in India are expensive enough to push families into poverty with early-stage breast cancer treatments equalling average annual wages of up to 10 years for the poor.
The absence of insurance coverage means that the cost of medicines for the treatment of cancers such as prostate, lung, breast, melanoma, and colorectal must be borne in full by patients. Breast cancer is the most common form of cancer that affects Indian women. Early-stage HER positive breast cancer requires treatment that is more expensive than others, amounting to nearly Rs.12 lakh. Between the years 1990 and 2016, the incidence of breast cancer among women in India has gone up by 39.1%. Patients who do not have public or private health insurance must bear the cost of chemotherapy as well as surgical intervention for certain cancers, which only increases their financial burden. Even though certain treatment regimens for specific cancers are more affordable, the cost of medical treatment in India is still high. The mean cost of hospitalisation in India is the highest for cancer, which is currently at Rs.57,232.
3 January 2019
In a meet organised by Bengal Oncology Foundation(BOF), the cancer survivors got together to discuss how cancer can be detected in its early stage and prevent people from spending an insurmountable amount behind its treatment.
Dr. Gautam Mukhopadhyay, the secretary of BOF talked about how expensive it is to treat cancer and hence why it is important to have the knowledge of detecting cancer early in life.
Pradip Mitra, The director of medical education said that the Government of Bengal has been working to improve health services including the services for cancer treatment. The government has already acquired five linear accelerator machines which will help during the treatment of cancer patients. However, its installing in different government hospitals will take some time.
Mitra also said that the number of cancer patients will rise due to factors such as an increase in life expectancy and hence it is important to educate people about the medical condition from school level itself.
BOF has been working to make people aware of cancer not only in the city of Kolkata but also people from other districts and rural areas. BOF has conducted various campaigns where the aim has always been to educate people about cancer.
17 December 2018
According to Mukul Kumar Mishra of Elets Technomedia, affordable medical facilities are now offered by various healthcare facilities owing to the introduction of disruptive technologies like robotics, internet of things, artificial intelligence, etc. With this fast-paced change, people now have access to various affordable technologies in diagnostic equipment, telemedicine, and imaging.
He notes that the health industry in India has witnessed major changes during the last decade, and this has enabled access to high-quality healthcare and reduced the cost of delivery. Moreover, higher awareness among the general public has led to a strong demand for quality healthcare.
Some of the key innovations witnessed in the healthcare industry include advancements in vaccines, new drugs, telemedicine, and diagnostic tests.
6 December 2018
Thanks to the central government’s national health insurance scheme, Pradhan Mantri Jan Arogya Yojana (PMJAY), earlier known as Ayushman Bharat, the underprivileged can now access tertiary healthcare facilities. So far, about 1.25 lakh patients have undergone tertiary care procedures such as radiation oncology, surgical oncology, cardiac bypass, total knee replacement, and so on. Though only 33% of the total number of hospitalisations were for tertiary care, it assumes significance as tertiary treatments in private hospitals were exorbitantly priced and were hence inaccessible for the low-economic groups. The largest share of claims was for secondary healthcare procedures that constituted 66% of all claims. However, though the percentage is high, the value of claims for tertiary care was Rs.150 crore, the value of all claims put together was Rs.396 crore. The government, through PMJAY, aims to increase the overall accessibility of healthcare for tertiary treatments to 7,000 patients per day against 6,000 patients. Also, the government expects a gradual increase in the number of cases requiring tertiary care procedures once the hospital network of Ayushman Bharat is expanded. Currently, 10,000 speciality hospitals and 13,000 multi-speciality hospitals have been empanelled under the scheme.
29 November 2018
The Union Health Minister, JP Nadda, in his address during the inauguration of the Fifth National Summit on Good, Replicable practices, and Innovations in Public Healthcare systems in Kaziranga, said that 1.5 lakh people have benefitted from the Pradhan Mantri Jan Arogya Yojana (PMJAY) within the first month since the launch of the scheme on 23 September by Prime Minister Narendra Modi. He stated that the total value of all the bills submitted during the period goes up to Rs.190 crore. Nadda opined that health is a sensitive subject and that the scheme has to be implemented throughout the country at a quick rate. He said that care should be taken with respect to skill and that skill should be improved over time in the health sector. He stressed on the fact that the international community will be watching over how the country performs in the health sector and urges health officials to perform as per their expectations. The Chief Minister of Assam, Sarbananda Sonowal who inaugurated the summit with Nadda, said that PMJAY, in the long run, will reduce the financial burden on the underprivileged in terms of the expenses incurred on the healthcare services availed.
13 November 2018
The content on this website is meant only for general information purpose and does not and shall not be construed as any solicitation, procurement, display, aggregation, marketing or advertisement of insurance products. BankBazaarInsurance is not an insurance intermediary and hence does not endorse or solicit any such products. The information on this website is derived from publicly available sources and BankBazaarInsurance cannot verify or confirm the genuineness, truth, veracity or authenticity of this information.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.