Niva Bupa health insurance will provide affordable cancer plan

This group insurance plan is designed for low and middle income families and covers not only hospitalization but also day-care expenses like radiation, chemotherapy etc. It offers family floater plans. Coverage of 5 lakhs for a maximum of two adults and three children (for families that do not have cancer). The cancer scheme will be especially beneficial for the lower socio-economic strata of the society and will enable the customers to avail cashless treatment at 8000+ network hospitals empaneled with Niva Bupa. This will provide the much-needed financial shield against cancer treatment as well as increase the reach of health insurance in India.

According to the Niva Bupa press release, over the years, the incidence of cancer has increased, and it is estimated that by 2025, there will be around 15.7 lakh cases in India, an increase of about 13% in half a decade. While state-of-the-art treatment is available in India, it is expensive and many families who are neither covered under any government scheme nor have any private health insurance cover, have to bear the medical expenses out of their own pocket, leading to financial stress. .

The product includes additional benefits as well as coverage for organ transplantation, including oral chemotherapy, immunotherapy, robotic surgery, proton beam therapy, personalized and targeted therapy, hormonal therapy or endocrine manipulation, prior to hospitalization for 30 and The latter covers other modern treatments, including coverage. 90 days respectively according to the press release.

Usha Thorat, Trustee, Indian Cancer Society said, “The Indian Cancer Society is aware that the high and rising cost of cancer treatment is beyond the reach of the many million Indians who are not eligible for government schemes, including Ayushman Bharat, who are the poorest of the poor. Covers strata of society. For people above these limits and middle income, there is no insurance product which is affordable and reduces the financial burden of overall cancer treatment. Indian Cancer Society Cancer Cure Fund experience shows that A cover of 5 lakhs will cover the cost of treatment for the most common cancers. We are glad that Niva Bupa has answered our challenge and launched an affordable group insurance plan.”

Krishnan Ramachandran, MD & CEO, Niva Bupa said, “We have created an affordable cancer product in consultation with the Indian Cancer Society. This product will enable people especially from the low-income group to eliminate the potential risk of poverty arising out of costly cancer treatment and provide them peace of mind. The association with ICS is in line with Niva Bupa’s vision to democratize health insurance and provide health services to millions of people in the country.”