Which Insurance Policy Covers Cancer

Cancer is a serious illness that hits many Filipinos each year making it one of the leading causes of death in the Philippines. It can be scary and expensive to deal with, both emotionally and financially. This is where cancer insurance can help.

Think of it as a safety net to get you through such challenging times. If you get diagnosed with cancer, this insurance can give you a lump sum of money to pay for treatment which you can use for things like hospital stays, surgery, medicine, and even for some care you need after treatment is done.

What is Covered by Cancer Insurance

Cancer insurance covers a range of medical expenses associated with the diagnosis and treatment of cancer. These may include:

- Hospitalization fees

- Surgical procedures

- Chemotherapy and radiation therapy

- Prescription medications

- Diagnostic tests and imaging scans

- Doctor consultations and specialist fees

- Rehabilitation and physiotherapy

What is Not Covered by Cancer Insurance

Cancer insurance is a great help with treatment costs, but it's good to be aware that some things might not be covered. So make sure to check the details of your plan before purchase.  

Some things which might not be covered are:

- Pre-existing conditions

- Non-cancer-related medical expenses

- Certain types of cancer specified as exclusions in the policy

What is the Waiting Period to Get Insured

Most cancer insurance policies have a waiting period before coverage becomes effective. This waiting period can vary depending on the insurance provider and the specific policy. It's important to review the terms and conditions of the policy to understand the waiting period and any other limitations that may apply.

When Should I Get Insured

Don't wait to think about cancer insurance! The sooner you get it, the better protected you'll be financially if you ever get cancer.  Most companies offer it to people between 18 and 65, so best to check with your chosen insurer regarding this limit.

Here's the bonus: Getting cancer insurance when you're young and healthy usually means you'll pay less. So why wait?

Do I Need to Go for Medical Examinations

Some cancer insurance policies may require applicants to undergo medical examinations as part of the underwriting process. These examinations help insurers assess the applicant's health status and determine the level of risk. However, not all policies require medical examinations, especially for younger applicants or those with no significant health issues.

Oona Insurance has made it easy for anyone to get Cancer Insurance without the medical exams. If you're generally healthy with no existing health issues, you can conveniently purchase cancer insurance online. No hassles, no medical exams needed.

Why Should I Get Insured

Cancer is a tough battle, and cancer insurance can help you fight it financially. It can cover things like hospital stays, medicine, and even some after-care. This way, you can get the best treatment you need without worrying about the cost.

What is the Premium of Cancer Insurance

The premium for cancer insurance can vary depending on several factors, including your age, health status, coverage amount, and chosen insurance provider. Generally, younger and healthier individuals may enjoy lower premiums, while older applicants or those with pre-existing conditions may pay higher rates. It's essential to compare quotes from different insurers to find a policy that offers the right balance of coverage and affordability.

In conclusion, cancer insurance is a valuable investment for individuals and families in the Philippines. By understanding what cancer insurance covers, its benefits, and the factors to consider when purchasing a policy, you can make informed decisions to protect yourself and your loved ones against the financial impact of a cancer diagnosis. Don't wait until it's too late; explore your options and secure the coverage you need today!