The risk of cancer is real. Every year new studies are showing increasing instances of cancer in the country. So, we need not waste time over whether a cancer cover is important.
There are three options for anyone looking for a cancer insurance policy. One, to buy a regular critical illness plan where cancer will be one of the many listed illnesses that will be covered. The second option is to buy any of the cancer-specific plans launched by life insurers which offer more comprehensive coverage compared to CI plans. The third option is to buy indemnity-based cancer plans that come with life-long renewability and are cheaper to the defined benefit cancer plans of life insurers.
