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Health Insurance 1618 views February 12, 2020
One of the most saddening reports is that India is the world’s major contributors to Cancer patients. Even though, the cancer treatments in India are at par with global cancer treatments still India reports approximately 22 Lakh cancer death every year and the reason is the high cost of cancer treatment. The cost of cancer treatment is expensive and creates a huge financial burden on the patient and its family. However, to overcome such financial burden HDFC ERGO Health Insurance Company has designed a cancer-specific insurance plan that helps to overcome the financial burden.
The iCan Cancer Insurance plan is designed to cover the expenses incurred towards the treatment of all types of cancer. The plan is designed to offer high coverage at an affordable premium amount. Let us understand the iCan Cancer Insurance plan of HDFC ERGO in detail
Table of Contents
Features of HDFC ERGO iCan Cancer Insurance Plan
The key benefits and features offered by the iCan Cancer Insurance plan offered by HDFC ERGO are as under:
- Sum Insured: The iCan Cancer Insurance Plan of HDFC ERGO offers high Sum Insured that benefits the policyholder. Cancer is an expensive illness the plan understands the upcoming financial needs post-diagnosis of the illness.
- Offers unique benefits like CritiCare and FamilyCare Benefit under iCan enhance insurance plan. these benefits ensure that you receive lumpsum pay-outs in the event cancer diagnosis.
- Tax Benefit: All the premiums paid under the policy qualify for income tax benefit under section 80D of the income tax act.
- The plan offers follow-up care during the post-treatment phase
- The plan covers pre-hospitalization and post-hospitalization expenses
- The plan also offers ‘Emergency Ambulance Care’ Facility
- The plan offers ‘MyCare Benefit’ that covers medical expenses related to hospitalization and outpatient medical treatment for cancer.
- The plan offers coverage for conventional treatments like Chemotherapy, Radiotherapy, Organ Transplant, and Onco-Surgery carried out for removal of cancerous tissues.
- Apart from conventional treatments, an optional benefit is available to cover for treatments like proton beam therapy, Interferon, TNF, Hormonal Therapy, Targeted Therapy, etc.
- The plan offers the facility of the second opinion to the insured in the event of diagnosis of cancer.
- The plan comes in 2 variants namely the HDFC ERGO iCan Essential Plan and iCan Enhance Plan of HDFC ERGO. Both the plan variants offer unique features and benefits as under:
| Criteria Particulars | Apollo Munich iCan Essential Plan | Apollo Munich iCan Enhance Plan |
|---|---|---|
| Sum Insured | Rs 5 Lakhs, Rs 10 Lakhs, Rs 15 Lakhs, Rs 20 Lakhs, Rs 25 Lakhs and Rs 50 Lakhs | Rs 5 Lakhs, Rs 10 Lakhs, Rs 15 Lakhs, Rs 20 Lakhs, Rs 25 Lakhs and Rs 50 Lakhs |
| Second Opinion Facility | Available | Available |
| Facility | - | - |
| Conventional Treatment | Available | Available |
| Pre & Post Hospitalization Cover | Up to 30 days Pre-hospitalization expense cover | Up to 60 days Post-hospitalization expense cover |
| Emergency Ambulance | Up to Rs 2000 per hospitalization | Up to Rs 2000 per hospitalization |
| Post Treatment follow-up | Up to Rs 3000 twice in a year | Up to Rs 3000 twice in a year |
| Optional Benefit of Advanced Treatment | Available | Available |
| FamilyCare Benefit | Not Applicable | Lumpsum payment of 100% of sum insured |
| CritiCare Benefit | Not Applicable | lumpsum payment of 60% of sum insured |
Eligibility Criteria of HDFC ERGO iCan Cancer Insurance Plan:
The eligibility criteria for buying the iCan Cancer Insurance Plan of HDFC ERGO are as under:
| Particulars | Details |
|---|---|
| Minimum Entry Age | 5 Years |
| Maximum Entry Age | 65 Years |
| Family Care Benefit | 18 years and above having iCan Enhance insurance plan |
| CritiCare Benefit | 18 years and above having iCan Enhance insurance plan |
Why buy iCan Cancer Insurance Plan?
The key benefits of the plan make it one of the most popular cancer insurance plan. The following are the main reasons for purchasing the iCan Cancer Insurance plan of HDFC ERGO.
Lifelong renewal
The iCan Cancer offers the benefit of lifelong renewal of the insurance plan. The insurance plan can be renewed even after claim registration
Holistic coverage
The insurance plan offers coverage against all types of cancer covered.
Cost-effective
Cancer treatment is very expensive, however, with the HDFC ERGO iCan Cancer Insurance plan the insured can avail large sum insured to cover the cancer treatment expenses that too at low premium amount.
CritiCare Benefit
It is one of the best features of the iCan Cancer Insurance Plan. Under this benefit, the insured is eligible to receive a 60% lump sum pay-out in the event of a diagnosis of cancer. This lump sum pay-out is given over and above the basic sum insured.
FamilyCare Benefit
FamilyCare Benefit offers financial protection to your family. In the event of diagnosis of stage IV cancer or relapse of cancer you are eligible to receive 100% lumpsum pay-out over and above the basic sum insured.
Cashless Cancer Treatment
Cashless treatment of cancer at a network hospital is available. Insured can also avail reimbursement of treatment expenses under iCan Cancer insurance plan.
Conclusion
Cancer is an emotional and financially draining illness. It is important to be ready to knock down cancer emotionally and financially. With iCan you can prepare yourself to face the illness.