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Health Insurance 527 views June 1, 2021
Raheja QBE Cancer Insurance Policy provides a lump sum amount for the treatment of cancer and helps an individual lead a normal life after recovering from the disease. This policy from Raheja QBE keeps your finances intact by offering comprehensive coverage for all stages of cancer.
We are showing the key features of the Raheja QBE Cancer Insurance Policy mentioned below to have an idea about the same.
Now you would want to know these features in detail. On this page, we will also talk about its eligibility criteria so that you can understand better. Let’s start!
Table of Contents
Raheja QBE Cancer Insurance Policy can be suitable for individuals diagnosed with cancer as it covers the high cost involved in its treatment. We are showing its features and benefits below. Please check!
Raheja QBE Cancer Insurance Policy offers multiple sum insured options from which policyholders can choose according to their affordability. It ranges from INR 1 lakh and can be increased up to INR 10 lakh (in the multiples of INR 1 lakh).
During the policy tenure, if an insured person is diagnosed with cancer and it requires diagnostic investigation or treatment by a duly qualified medical practitioner, the Cancer Insurance policy will provide the following benefits.
Reimbursements of medical expenses under the Cancer Insurance policy will depend on the submission of original bills only unless the insured person has already submitted a claim.
Note: If an insured person is diagnosed with cancer and reports a claim during the policy period, he/she can continue to get benefits under the policy (up to the sum insured limit) even after the expiry of the policy for up to 5 years from its beginning.
This Cancer insurance policy from Raheja QBE also provides a cumulative bonus if an insured person hasn’t made any claim during the policy period. With this facility, the insurer will increase the sum insured by 5% for the immediate following policy term, up to 25% of the sum insured. Also, if an individual does not renew the policy within a 30-day grace period, the earned cumulative bonus will be lost.
Individuals less than 50 years of age will not need to undergo pre-acceptance medical tests. They only need to provide self-declaration as well as certification of good health by a registered medical practitioner. On the other hand, policyholders above the age of 50 years will be accepted for coverage after medical examination.
Some of these medical examinations are Clinical Examination, Prostate-Specific Antigen Test, CBC, Chest X-ray, Mammogram, Stool Examination, Complete Blood Count, etc. Raheja QBE will also provide reimbursement towards pre-policy medical examination costs up to 50% of the actual expenses.
The premium amount will depend on the entry age of the insured person. To know more about the premium amount, please check the below table.
Age of Individual (in years) | Premium for every INR 1 lakh of sum insured (in INR) including taxes |
---|---|
Less than 25 | 102 |
25-29 | 127 |
30-34 | 179 |
35-39 | 306 |
40-44 | 561 |
45-49 | 1,070 |
50-54 | 1,731 |
55-59 | 2,648 |
60-64 | 4,074 |
65-70 | 7,130 |
71-74 | 7,488 |
75 onwards (only renewal) | 7,844 |
Any individual in the age group between 1 day to 70 years can purchase this Cancer Policy from Raheja QBE Insurance.
Policyholders will not get coverage in any of the following situations.