A debilitating disease, cancer has largely been known to have no definite cure.
And as a result, cancer insurance coverage has been reasonably very difficult to obtain.
However, advanced scientific and medical breakthroughs have actually allowed a lot many instances of cancer to be treated, depending on numerous factors such as the stage at which it is diagnosed, the part of the body which is afflicted by the cancer, and so on.
Although there is no assurance about the cancer not making its presence felt again at a later stage, along with the possibility that the cancer is not treatable in the very first place, medical breakthroughs have at least allowed a reasonably accurate estimate to be obtained about the patient's eventual duration of survival.
And that is how actuaries have been in a position to provide cancer insurance coverage relatively easily, a possibility which seemed rather difficult, in the past.
Cancer insurance coverage can take up numerous forms; either it can be combined along with the usual health insurance package, or it can be taken separately as a distinct cancer insurance coverage policy.
Either way, there is adequate protection and coverage provided, in case of any unforeseen and undesirable eventuality.
Premium rates do tend to be high, considering the high mortality rates of cancer patients.
This is an aspect which can be better understood from the perspective of routine health insurance policies, which cover any unforeseen disease that may or may not occur.
Even if they do, there is no definite possibility of the illness being fatal.
Coverage for cancer, especially after it has been detected, can be quite a different scenario as chances of the cancer being fatal are invariably very high.
Having said that, there are ways in which you can try and keep a check yourself, on premium amounts.
These include a pro-active change in lifestyle and habits such as change in diet, adoption of a fitness regime, quitting smoking completely, and so on.
Once you adopt the aforementioned changes in your life, it is just as important that you showcase and prove these changes to the actuary officials.
When they note that you are actively doing all that you can possibly do to prevent the recurrence of cancer, they will definitely consider lowering the premium on your policy.
For individuals not suffering from cancer but considering taking up cancer insurance coverage it might be advisable to go in for a comprehensive health insurance plan that also provides cover for cancer, rather than going in for a standalone cancer insurance coverage plan, as that way you will be able to save up significantly on premium costs.
The final words on the issue of cancer insurance coverage would thus be that, yes, it is obtainable but premium amounts are likely to be reasonably high.
At the same time, as the field of medicine continues to make rapid progress, there is the distinct possibility that cancer will no longer remain a disease with little survival chances, and in such a scenario, the premium rates for cancer insurance coverage will also definitely see a downward spiral.
And as a result, cancer insurance coverage has been reasonably very difficult to obtain.
However, advanced scientific and medical breakthroughs have actually allowed a lot many instances of cancer to be treated, depending on numerous factors such as the stage at which it is diagnosed, the part of the body which is afflicted by the cancer, and so on.
Although there is no assurance about the cancer not making its presence felt again at a later stage, along with the possibility that the cancer is not treatable in the very first place, medical breakthroughs have at least allowed a reasonably accurate estimate to be obtained about the patient's eventual duration of survival.
And that is how actuaries have been in a position to provide cancer insurance coverage relatively easily, a possibility which seemed rather difficult, in the past.
Cancer insurance coverage can take up numerous forms; either it can be combined along with the usual health insurance package, or it can be taken separately as a distinct cancer insurance coverage policy.
Either way, there is adequate protection and coverage provided, in case of any unforeseen and undesirable eventuality.
Premium rates do tend to be high, considering the high mortality rates of cancer patients.
This is an aspect which can be better understood from the perspective of routine health insurance policies, which cover any unforeseen disease that may or may not occur.
Even if they do, there is no definite possibility of the illness being fatal.
Coverage for cancer, especially after it has been detected, can be quite a different scenario as chances of the cancer being fatal are invariably very high.
Having said that, there are ways in which you can try and keep a check yourself, on premium amounts.
These include a pro-active change in lifestyle and habits such as change in diet, adoption of a fitness regime, quitting smoking completely, and so on.
Once you adopt the aforementioned changes in your life, it is just as important that you showcase and prove these changes to the actuary officials.
When they note that you are actively doing all that you can possibly do to prevent the recurrence of cancer, they will definitely consider lowering the premium on your policy.
For individuals not suffering from cancer but considering taking up cancer insurance coverage it might be advisable to go in for a comprehensive health insurance plan that also provides cover for cancer, rather than going in for a standalone cancer insurance coverage plan, as that way you will be able to save up significantly on premium costs.
The final words on the issue of cancer insurance coverage would thus be that, yes, it is obtainable but premium amounts are likely to be reasonably high.
At the same time, as the field of medicine continues to make rapid progress, there is the distinct possibility that cancer will no longer remain a disease with little survival chances, and in such a scenario, the premium rates for cancer insurance coverage will also definitely see a downward spiral.
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