1. Why insurance against cancer is critical?
A cancer insurance policy shields you and your family from the financial burden of huge treatment costs for the deadly disease. Cancer insurance covers patient right from the early to the advanced stages. The insured person is provided a lump-sum upon the detection of cancer, and hence, unlike regular health cover policy, cancer insurance payout can be used for recuperation-related expenses as well. Buy a cancer insurance policy today, and keep your savings secure in the future.
2. What is the difference between mediclaim and fixed benefit health insurance?
Mediclaim policies cover hospitalization expenses but fixed benefit health insurance plan provides a fixed lump sum upon diagnosis of certain critical illnesses. Use mediclaim to cover your regular health related expenses. Use fixed benefit health insurance plan to cover critical illnesses.
3. Can I cancel my health insurance policy and get a refund?
Generally, there is a free-look period of 15-30 days, and if you cancel health insurance within this period, the entire premium amount would be refunded after deducting the stamp duty fees and proportional risk charges for the days you are being covered.
4. Can a person have more than one health policy?
Yes, any individual can have multiple health insurance plans from different insurers. This will help them diversify the benefits across the insurers and also increase the coverage amount. Mediclaim policies help you meet hospitalization expenses for select illnesses. A fixed benefit health insurance plan travels that extra mile to be with you in case of critical illness.
Illnesses like heart and cancer conditions are very prevalent these days. A substantial amount is required to avail treatment of these diseases. A Mediclaim may not be enough to provide adequate financial support during these conditions. So get a fixed benefit health insurance plan to supplement your mediclaim policy.
