Niva Bupa Health Insurance Company Limited announced a customised group plan for comprehensive coverage of cancer treatment at an annual premium of just Rs 1499+ taxes. This product has been developed by Niva Bupa in consultation with the Indian Cancer Society (ICS).
This group insurance plan is designed keeping in mind the requirements of low and middle-income families and not only covers hospitalisation but also day-care expenses like radiation, chemotherapy, etc at a nominal premium of Rs 1499+ taxes. This family floater plan offers Rs 5 lakh coverage for up to two adults and three children (for families that do not have cancer).
The cancer plan will be especially beneficial for the lower socio-economic strata of society and would enable customers to avail cashless treatment across 8000+ network hospitals empanelled with Niva Bupa. It would provide the much-needed financial shield against cancer treatments as well as increase the penetration of health insurance in India.
Usha Thorat, Trustee, Indian Cancer Society said, “The Indian Cancer Society realises that the high and rising cost of cancer treatment is beyond the reach of several million Indians who are not eligible for government schemes including Ayushman Bharat that covers the poorest strata of society. For those above these limits and the middle income, there are no insurance products that are affordable and mitigate the financial burden of holistic cancer treatment. The experience of Indian Cancer Society Cancer Cure Fund shows that Rs 5 lakh cover will cover the cost of treatment of most common cancers. We are happy that Niva Bupa has responded to our challenge and has launched an affordable group insurance plan.”
