1. A regular health insurance plan may not cover breast cancer

    If you have a regular health insurance plan, the same may not provide coverage against breast cancer. Note that such policies are indemnity plans which reimburse only hospitalization expenses.

    Breast cancer falls in the category of critical ailments that are generally not covered by regular health plans.

    2. Coverage under critical illness plan

    Since breast cancer falls in the category of critical ailment, the coverage for the same is provided by a critical illness plan. Critical illness policies provide coverage against ailments such as cancer, stroke, and kidney disease, among others.

    Note that critical illness plans are fixed-benefit policies which provide a lump sum upon diagnosis of the ailment, irrespective of the cost of treatment. The lump sum received helps take care of preand post- hospitalization expenses.

    3. Provision of adding rider to existing health insurance plan

    You can add a critical illness rider to your existing health insurance plan for coverage against such ailments, including breast cancer. The rider will provide a pay-out up and above the sum insured of the base policy.

    However, note that unlike a standalone critical illness plan, the coverage offered by the rider may not be a comprehensive one. Check out with your insurer about the availability of such a rider.

    4. Need to bear non-hospitalization costs from your pocket

    There are many non-hospitalisation expenses that arise during the treatment of critical diseases such as breast cancer.

    Expenses related to personal comfort, prescribed diets during chemotherapy sessions and cost of commuting aren’t covered by a regular health plan, and by a critical illness plan beyond the defined period of post-hospitalisation. You need to foot for these non-hospitalisation expenses from your pocket.

    5. Read the fine print

    Before buying, read the fine print to understand the policy’s terms and conditions. Check if your plan covers critical ailments like breast cancer and if yes, find out the quantum of coverage. Compare different policies online before buying one.

In Conclusion

Health insurance, especially critical illness insurance, fortifies your finances from taking a major dip in contingencies such as breast cancer. As a health emergency can crop up anytime, it’s essential to remain guarded by availing a health plan early.

Learn more about Health Insurance Plans here.

DISCLAIMER

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.



Trending Articles

Popularly Searched Terms

Cashless Health Insurance

Health Insurance Benefits

Health Insurance Coverage

Health Insurance Policy

Maternity Insurance

Latest Articles

health-insurance
health-insurance

What is High Value Health Insurance & How Much Coverage Do I Need?

Read More
Posted on 20 May 2020
health-insurance
health-insurance

What Are Sub-Limits In Health Insurance?

Read More
Posted on 19 May 2020
health-insurance
health-insurance

Three Reasons to Buy Online Health Insurance at an Early Age

Read More
Posted on 18 May 2020

Featured Articles

image abc-of-personal-money
abc-of-personal-money

Are Millennials Any Different When It Comes To Planning Financials?

Read More
Posted on 05 February 2020

Relevant Articles

image life-insurance
life-insurance

Services You Should Expect from a Life Insurance Company or Intermediary

Read More
Posted on 01 June 2020
image life-insurance
life-insurance

Your 5-Point Guide for Buying a Suitable Life Insurance Plan

Read More
Posted on 27 May 2020
image life-insurance
life-insurance

Cancellation of Term Insuring During Free Look Period

Read More
Posted on 27 May 2020