Cancer insurance is specific type of health insurance covering only one specific critical illness .i.e., cancer. First of this kind of policy was launched by New India Assurance in collaboration with cancer society of India.
If you look at your regular health plan the same can also be effective for handling your cancer related expense and if the policy is supported by an add-on cover for critical illness the same can be made more effective but looking at the specific needs relating to treatment of cancer a separate policy serves the purpose better. In case the regular health plan is a family floater you cancer treatment cost can eat larger part of the sum insured making other members of the family in the uninsured zone.
Another drawback of your health insurance policy in case of treatment of critical illness like cancer is that they only cover things are a very advance level. This means that till the time cancer has not become malignant your regular policy will not cover you. If you compare things with a regular critical illness plan they only come with lump sum benefits and do not waive future premiums.
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But if you are really looking at buying a cancer Insurance cover you should always look at below points to make an effective decision:
Looking at the growing number of cancer patient in the country today plans like can be helpful. Moreover over the years as probability of getting a cancer has increased similarly the related health care cost has also increased. The cost of cancer treatment has increased at a much faster rate compared to regular medical cost inflation.
But before you buy cancer insurance Policy online you should be very specific about what you require and does the plan which you have selected fit exactly as per your requirement As till date very insurance providers are with cancer care products so it become critical to understand the fine print of the policy before you buy one .