Cancer is and has always been one of the most dangerous illnesses there is and probably counts for more deaths per year than any other fatal disease worldwide. Just the thought of being diagnosed with cancer gives people shivers down their spine for not only the reason of it being so fatal but also because of its treatment being so costly.

Talking of such illnesses, good insurance can help cover huge bills that may worry one regarding the treatment cost of cancer or other life-threatening diseases. We may be thinking positively of us that we’ll never be diagnosed with any life-threatening diseases such as cancer but we should always, in the back of our head, keep in mind that these illnesses can knock on anyone’s door at any moment so we should be well prepared in advanced so we don’t face any financial issues later on.

Cancer Insurance and Critical Illness Insurance are both helpful in a life-threatening case of illness and both these insurances give a lump sum payout at the time of either a cancer diagnosis or a diagnosis of any other life-threatening illness.

What is a Cancer Insurance?

Cancer Insurance can help cover all costs related to the treatment of cancer and one must choose the best cancer insurance he can afford because it helps cover not only the cancer treatment cost but also cover the loss of income and transport expenses to the treatment facilities.

Some of the best cancer insurance also help cover all stages and types of cancer, and not only it covers the treatment cost but also the hospitalization and rehabilitation expenses. Some of the types of cancers a cancer insurance covers are Lung Cancer, Stomach Cancer, Breast Cancer, and many others but it for some reason does not include Skin Cancer.

Cancer Insurance, however, does not pay out if one is diagnosed with cancer due to some pre-existing illness or if it is diagnosed due to the contribution of STDs, AIDS, or HIV, which is one of its drawbacks.

What is Critical Illness Insurance?

Critical Illness Insurance covers all the fatal, life-threatening illnesses like heart problems, organ failure, and also cancer. It is also comparatively less expensive than regular Health Insurance. Critical Illness Insurance also covers cancer treatment but it usually does not cover all types of cancer and all stages of it. In most cases, the plan covers cancer only at later stages of cancer treatment and not from the initial stage. It also covers the hospitalization, transport, and rehabilitation expenses and also covers the lost income as fatal illnesses take time to heal.

Standard Health Insurance cannot be compared to Cancer Insurance or Critical Illness Insurance as it only helps cover the hospitalization expenses and treatment of the illness but in case of a Critical Illness, the treatment goes on for a long duration, and even after the hospitalization ends, which on the other hand gets covered under Cancer Illness or Critical Illness Insurance.

Both these Insurance plans are supplements to the Health Insurance which one should have as it is one of the most essential and can be needed anytime with the increase in medical expenses.

Is Cancer covered in Critical Illness Insurance?

Most of the Critical Illnesses Insurances do cover cancer as well but it is necessary for one the check before purchasing the policy. Critical Illness Insurance mostly covers cancer which is much more severe and life-threatening and most of the treatable types of cancer are excluded from the policy.

The cancer coverage, being limited in the critical illness insurance, one should opt for the best cancer insurance if possible, keeping in mind one’s current health situation and also the family history and lifestyle (smoking/drinking).

Selecting a Critical Insurance Coverage would be more beneficial as not only cancer but there are many more life-threatening illnesses out in the world which are not spoken about as much as cancer like blood pressure, diabetes, coma, or any other issues related to heart, liver, or lungs.