iCan Cancer Insurance Plan

• Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
• Claim up to Rs. 1,50,000 deduction under section 80C**
• Choose between annual and monthly premium payment options

Apollo Munich is one of the leading standalone health insurance companies in India. The company is renowned for its range of health insurance policies that protect policyholders from unforeseen medical expenses. One of the latest additions to the company’s product line is the iCan Cancer Insurance Policy, which is a cancer-specific policy offered at an affordable price. This policy comes with flexible options to ensure that people with different needs are satisfied. Considering the huge costs of cancer treatment, this is one of the must-have policies that could provide much-needed financial security to you and your family.

Eligibility for Apollo Munich iCan Cancer Insurance Policy

Individuals must meet the following eligibility criteria in order to apply for Apollo Munich iCan Cancer Insurance Policy:

• Anyone over the age of 18 years can apply for this policy.
• Dependent children can be covered from the age of 5 years.
• The maximum entry age is capped at 65 years for this policy.
• Once entered, this policy can be renewed for life.
• Policyholders have the option of migrating this policy to a family floater cover at the time of its renewal.

Features of Apollo Munich iCan Cancer Insurance Policy

Some of the notable features of Apollo Munich iCan Cancer Insurance Policy are listed as follows:

• This policy is available in six different sum insured options - Rs.5 lakh, Rs.10 lakh, Rs.15 lakh, Rs.20 lakh, Rs.25 lakh, and Rs.50 lakh.
• Premium loading may be applied based on the existing health condition and other declarations of the policyholder. The overall risk loading of all diseases cannot exceed 150% of the premium amount.
• There is a waiting period of 120 days from the date of commencement of the policy before any claims can be made.
• All pre-existing conditions must be disclosed at the time of purchasing the policy. If the pre-existing conditions are not disclosed, the company has the right to cancel the policy or not pay the claim settlement amount.
• There is a grace period of 30 days for renewing the policy after the completion of the due date. However, there will not be any coverage for the days during which the premium is not paid.
• Pre-hospitalisation expenses are covered for up to 30 days before the date of admission in a hospital.
• Post-hospitalisation expenses are covered for up to 60 days after discharge from the hospital.
• There is a free look period of 15 days for policyholders to review the terms and conditions of this policy.

Benefits of Apollo Munich iCan Cancer Insurance Policy

The benefits offered by Apollo Munich iCan Cancer Insurance Policy are given in the following table:

Exclusions of Apollo Munich iCan Cancer Insurance Policy

The company is not liable to provide compensation for any of the following exclusions:

• Any illness other than cancer
• Pre-existing conditions including cancer or precancerous ailments
• Individuals awaiting organ transplantation
• Any kind of non-allopathic treatment
• Hospital admission for the purpose of diagnosis
• Individuals who have HIV, AIDS, or any other sexually-transmitted diseases
• Expenses associated with preventive care
• Convalescence, rest cure, or rehabilitation expenses
• Expenses associated with plastic or cosmetic surgeries
• Congenital diseases, birth defects, and anomalies
• Expenses attributable to treatment for substance abuse
• Any non-medical expenses incurred during the time of hospital stay
• Expenses related to tonics and vitamins unless necessitated by a medical practitioner
• Expenses related to psychiatric or psychological examinations
• Treatment due to nuclear contamination or exposure to hazardous materials

Claim Procedure

The claim procedure under Apollo Munich iCan Cancer Insurance Policy is quite simple. The company offers cashless treatment through its 4,500+ network hospitals located in different parts of the country. The claim procedure begins with intimation to the company following hospitalisation. In the case of an event that may give rise to a claim, the company must be intimated before 48 hours of planned hospitalisation and within 24 hours of emergency hospitalisation. The company must be intimated about the claim within 14 days of cancer diagnosis or death of the policyholder due to cancer.

The company may require the following list of documents to support the claim:

• Duly filled claim form
• Original bills, medical certificates, and receipts
• Original reports, case histories, investigation reports, etc.
• Original discharge summary
• Medical certificate from a medical practitioner
• Diagnostic report for the treatment
• Detailed list of medical services availed
• Original pharmacy bills and prescriptions

Once these documents are submitted, the company will evaluate the validity of the claim. The insured person may also have to undergo medical tests from a medical practitioner authorised by the company. The company will communicate its acceptance or rejection within 30 days from the submission of the last necessary document. In the case of rejection, the reason for rejection will be provided by the company. The settlement amount will be provided within 45 days from the date of submission of the last necessary document.