Neelam Jeena / New Delhi
Reaffirming its commitment in Making India health confident, Apollo Munich Health insurance today introduced a comprehensive cancer plan, aptly-named iCan. It is a lifelong coverage plan and comes with an annual renewal policy year after year, even after claim. The plan not only covers the basic medical needs, but also provide complete financial security to the patient as well as the family at all stages of cancer.
§ Covers advance treatment
§ Lifelong renewal
§ 60% of sum insured on diagnosis and 100% on diagnosis of advance stages
§ Cashless treatment available
This distinctive and innovative cancer plan covers all forms of cancer, at both early and advanced stages. Apart from the standard plan that covers conventional treatment like Chemotherapy, Radiotherapy and organ transplant, this policy also gives an optional benefit of getting advance treatments like Proton beam therapy, Hormonal therapy, Stem cell transplantation, Immunotherapy.
The plan comes with features such asCritiCare and FamilyCare wherein the policy holder gets 60% of sum insured as the lumpsum payment on diagnosis of cancer and 100% on diagnosis of advanced stages or recurrence of cancer, which is in addition to the hospitalization cost. It also offers lifelong renewal that covers the policyholder regardless of the health status or claims of policy holder.
Speaking on this announcement, Mr. Antony Jacob, Chief Executive Officer, Apollo Munich Health Insurance said, “With the changing lifestyle, we have been witnessing an increase in number of people getting diagnosed with cancer. Every year over 7 lakh Indians are registered as cancer patients and today the estimated number of Indians living with cancer is around 2.5 million. It is perhaps for figures such as these that thought-through cancer policies are the need of the hour.”
“We have conceptualized this plan keeping in mind three aspects – i) The economic burden of cancer negatively impacting families’ ability to manage their cost of living with high treatment costs pushing them further into poverty, ii) The cost of advance treatments, if the person reaches advanced stage, iii) cancer treatment is often long and expensive. With the launch of iCan, we have introduced customer centric features like support for family, pre and post hospitalization including lifelong renewal among several others. It is a “future ready” product which covers advanced treatments while also offering second opinion by using sophisticated cognitive systems like using IBM Watson for Oncology to enable people make more informed treatment decisions. We look forward to serve our customers with improved products and we are confident that iCan will bring positive change in the communities at large through this distinctive offering,” he added
KEY FEATURES OF THE PRODUCT INCLUDE
Life-long renewal – iCan comes with the option of life long renewal regardless of the health status or claims. By virtue of this facility, the insured can enjoy the protection offered by their medical policy for a lifetime
Cover for advanced and conventional therapies – The standard plan covers medical expenses for hospitalization and outpatient treatment taken for cancer including conventional treatments like chemotherapy, Radiotherapy and organ transplant whereas there an optional benefit of getting an advance treatment.
Criticare benefit – In addition to hospitalization costs for treatments, the company would also pay60% of the Sum Insured as a lump sum payment on diagnosis of Cancer. This benefit has been designed to ensure that the person has enough funds despite other expenses.
FamilyCare Benefit – In Advances stages of cancer, the treatments become harder, longer and leaves the person more fragile. However, one can still support their family as iCan pays 100% of Sum Insured as lump sum payment on diagnosis of Advanced stages or Recurrence of cancer.
Follow up care post treatment – The company will cover expenses incurred on medical examination upto Rs.3000 twice a year, after treatment for Cancer has been discontinued basis recommendation of Medical Practitioner for atleast six months with “No evidence of disease (NED)
Pre-hospitalisation – The medical expenses incurred before admitting to the hospital is called pre-hospitalisation. It will cover upto 30 days, prior to admission
Post-hospitalisation- The medical expenses incurred after discharge from the hospital is called post-hospitalisation. It will cover upto 60 days, after discharge from the hospital Ambulance cover benefit-Expenses incurred on transportation of insured person to a hospital for treatment in case of an emergency, subject to Rs. 2000 per hospitalization
The company offers a period of 15 days from the date of receipt of the policy document to review the terms and conditions of this policy. In case of any objections, there is an option to cancel the policy and the premium shall be refunded after adjusting the amounts spent on any medical check-up, stamp duty charges and proportionate risk premium. Additionally, agrace period of 30 days for renewing the policy is provided under this policy.
Anyone in the family between the age of 5 – 65 can buy this policy.