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Critical Illness Plus Cancer specific policies? Are both required

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16 May, 2021 by  Bhavna

Good afternoon,


I've a Max Bupa Critical illness policy in place, however, I understand that cancer will get covered only at Stage 3 or 4.


If this is true, should one buy a Cancer policy apart from Critical illness? It should not happen that Cancer is detected at an early stage but it does not get covered in critical illness policy.

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17 May, 2021

Dear Bhavna


Ideally a combination of Health Insurance and Critical illness is recommended . However . You can supplement your health cover by taking an additional cancer cover .

It all depends on budget allocated towards health insurance .

Benefits of Health plus Critical plus cancer

  1. Health covers treatment cost of cancer at all stages as or expenses incurred by you .
  2. Critical insurance is a fixed benefit plan and pays sum assured on stage 3 or 4 of cancer. Purpose of critical insurance is compensation if income loss and not pay you treatment cost . Once availed, critical illness is over and continuity would be decided by insurer .
  3. Cancer insurance identifies cancer as long term treatment system hence promises to pay fixed amount as per stages of cancer. So it starred paying from early stages to terminal stage . Cancer insurance continues for full duration .


All three are independent products and offers compensation .

So if you have budget then go ahead .


Shailesh

Insurance Samadhan




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