Insurers are now looking at launching standalone products for cancer and related treatments.
Though most insurance companies already offer critical illness cover of as high as Rs 50 lakh and above, the rising number of cancer cases in India are leading companies, including HDFC Life, Max Life and Universal Sompo General Insurance, to launch specific products. The country reports around 10 lakh cases every year, and the number of claims towards cancer cases is more among women than men.
