Skip to main content

Cancer Insurance in India

 

Health Insurance for Cancer in India

Being one of the deadliest disease, cost of cancer treatment in India whether it is breast, lung, liver cancer etc. is extremely high as it involves chemotherapy, radiation therapy and many other diagnostic tests along with hospitalization expenses. And for a middle class family this high cost drains out their life long savings and more over there is no guarantee for the patients survival. So that is why buying insurance for cancer has become quintessential. Moreover in India every year over 15 Lac cases of cancer are detected and nearly 8 lac people succumb to it. As this number is rising along with the treatment cost, people buying health insurance for cancer is on rise.
In India, insurance for cancer patients is available which covers you against this disease and that too at a very less premium and this has resulted in increased survival rate as patients could now afford treatment costs covered under an insurance policy. Most importantly people aged between 36-55 claims are the highest. As per the claims data, in the year 2011-12 over 45000 claims for cancer were made and overall settlement amount reached to a whopping 163 Crores. According to the experts cancer is the 4th highest among all health conditions for which claims are paid.

Cancer Insurance Providers in India

Currently in India many providers offers medical insurance policies for cancer patients but of these ICICI prudential and venture between Indian Cancer Society (ICS) and The New India Assurance Company Limited (NIA) are the best both in terms of cost, policy coverage amongst many other factors. However there are many terms and conditions in order to avail the benefits.
Most important ones for the insurance for cancer provided by ICS and NIA as follows:
  1. Insurance of cancer is only for the people with no history of cancer and the person has to submit certificate stating good health condition 
  2. Entry age of person should be up to 70 years
  3. If cancer is detected within the first 3 months or (90 days) of buying an insurance policy then your cover is terminated
  4. Every quarter claims are reimbursed and that too until the entire sum is exhausted
  5. Insurance covered is INR 50000+5% additional sum insured upto INR 75000 for every claim to be renewed for an annual premium of INR 421 for a couple. If you want an extension and add 1 dependent child then you can do so by paying an additional amount of INR 111. For another child you will have to add INR 110 more. So total amounts to INR 221.
  6. Insurance covered and INR 2,00,000 (2 Lacs) + 5% additional sum insured upto INR 3,00,000 (3 Lacs) for every claim to be renewed for an annual premium of INR 1082 for a couple. For including 2 children as dependents you will need to add INR 221.
However as mentioned above, your child should be of minimum 1 year and maximum 20 years in order to add them as a dependent.
For additional details person can E-mail ICS at ics_mumbai@yahoo.com or contact on phone: 022-24125238/24139445
Also listed below are the terms and conditions, benefits by ICICI cancer care plus:
  1. Their cancer insurance policy sufficiently offers coverage for the cost of diagnosis, hospitalization, chemotherapy, biopsy etc.
  2. Entry age 20-60 years
  3. Sum assured INR 5 Lac – 25 Lac
  4. Policy term is 365 days i.e. 1 year
  5. Annual premium for men and women for a cover of 10 Lac is INR 4604-8945 and INR 8602-14845 respectively
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016 or Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

Popular posts from this blog

SBI Magnum Tax Gain Scheme 1993 Applcation Form

    https://sites.google.com/site/mutualfundapplications/tax-saving-mutual-funds-elss     Investment Details Basics Min Investment (Rs) 500 Subsequent Investment (Rs) 500 Min Withdrawal (Rs) -- Min Balance -- Pricing Method Forward Purchase Cut-off Time (hrs) 15 Redemption Cut-off Time (hrs) 15 Redemption Time (days) -- Lock-in 1095 days Cheque Writing -- Systematic Investment Plan SIP Yes Initial Investment (Rs) -- Additional Investment (Rs) 500 No of Cheques 12 Note Monthly investment of Rs 1000 for 6 months and quarterly investment of Rs 1500 for 4 quarters.
Read more

Birla Sun Life Tax Plan Online

Invest Birla Sun Life Tax Plan Online   An Open-ended Equity Linked Savings Scheme (ELSS) with the objective to achieve long-term growth of capital along with income tax relief for investment.   After a bad patch from 2008 to 2010, Birla Sun Life Tax Plan has made a big comeback in the last five years, with a particularly good run since 2014. The fund's rankings, which had slipped to two stars in 2011-12, recovered sharply to three-four stars in the last three years. The fund has delivered a particularly large outperformance over its benchmark and peers in the last couple of years. The fund's investment strategy focuses on a diversified and high-quality portfolio, with parameters such as capital ratios and balance-sheet strength used to judge quality. It uses a combination of top-down and bottom-up approaches to take sector/stock positions. The fund avoids highly leveraged plays. Staying more or less fully invested at all times, the fund parks roughly half of its portfoli
Read more

Should you Roll Over 1 year Fixed Maturity Plans?

The period between January and March typically sees an uptick in the launch of fixed maturity plans, or FMPs. Not this year. Instead, fund houses are busy rolling over or extending the tenure of their one- year FMPs launched last year to three years. Investors in one- year FMPs have a choice. Either redeem units or roll over to three years. If you exit now, your gains will be added to your income and taxed in line with your individual slab rate of 10, 20 or 30 per cent. If you stay invested for two more years, you pay 20 per cent tax with indexation benefit. Yields have softened in the past few months on expectations of a rate cut. If the central bank continues its soft monetary stance, yields are likely to fall further. In such a scenario, it makes sense for investors, particularly those in the 30 per cent tax bracket, to roll over their investments and lock in at a higher yield now. In a surprise move, the Reserve Bank of India cut repo rate by 25 basis
Read more

Mutual Fund Review: IDFC Premier Equity Fund

  IDFC Premier Equity Fund, which falls under the presumed high risk group of mid- and small-cap schemes, can rely on astute and timely equity picks. These make it less vulnerable to fluctuations compared with others in the category   IDFC Premier Equity Fund is designed to invest in upcoming, but promising businesses available at cheap valuations, and hold on to these businesses until they reap desired returns. The experiment has been successful so far, and IDFC Premier Equity has emerged as one of the top performing mutual fund schemes in the mid- and smallcap category of equity schemes.    While the scheme is an open-ended equity fund, i.e. open for subscriptions throughout the year, it has a unique philosophy to limit fresh inflows. Thus, while an investor can always take the systematic investment plan ( SIP ) route to invest in the scheme throughout the year, inflows through a lumpsum investment have been restricted. Since inception, IDFC Premier Equity has been opened for l
Read more

IDFC Premier Equity Fund dividend

  IDFC Mutual Fund   has announced dividend under the dividend option of   IDFC Premier Equity Fund Direct-D . The quantum of dividend shall be   R 4.3464 per unit.   The record date has been fixed as May 06, 2015. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015 1. ICICI Prudential Tax Plan 2. Reliance Tax Saver (ELSS) Fund 3. HDFC TaxSaver 4. DSP BlackRock Tax Saver Fund 5. Religare Tax Plan 6. Franklin India TaxShield 7. Canara Robeco Equity Tax Saver 8. IDFC Tax Advantage (ELSS) Fund 9. Axis Tax Saver Fund 10. BNP Paribas Long Term Equity Fund You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds Invest in Tax Saver Mutual Funds Online - Invest Online Download Application Forms For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot]
Read more
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now