Why is Cancer Insurance Must for Working Professionals?

You may have bought a term insurance plan to secure the financial future of your family, in case of your sudden demise. With a comprehensive health plan, you must have also taken care of your family’s medical expenses. However, have you truly prepared yourself for the worst? Imagine a life, in which you become incapable of supporting your family, either financially or emotionally. Instead, you are entirely dependent on others. Cancer is one disease that completely drains your finances and health while making you dependent on others. India has one of the lowest survival rates for cancer patients. This mainly happens for two reasons. First, the diagnosis of cancer in many cases is made at a very later stage when the condition begins to affect multiple body organs. And second, the cost of cancer treatment in India can reach up to Rs 20 lakh because of the scarcity of targeted cancer drugs and a barrage of pre-hospitalisation therapies and chemotherapy sessions. As a result, most patients are unable to bear the medical expenses. A study conducted by the Indian Council of Medical Research (ICMR) estimates that the number of new cases of cancer in India could exceed 17.3 lakhs by […]

» Read more