The surging incidence of the disease and rising treatment costs make it imperative to secure one's finances. Find out how to buy the best cover.

There are few things more alarming than battling cancer. One is not having the money for its treatment. According to WHO, 10 lakh new cases are reported in India every year.While the risk of dying from cancer before the age of 75 is only 7.1%, according to Globocan 2012, an international cancer research project, insurers claim that one in five cancer claims is by those between 36 and 45 years. According to a 2004 research, the spending in a cancer-afflicted home was 36-44% more than in other households with similar demographics.

In the past 10 years, these costs have risen significantly. "The costs have gone up due to more expensive infrastructure, new technology-based investigation costs and newer drugs," says Naresh Parmar, CEO, Karnataka region, Apollo Hospitals. A skewed doctor-to-patient ratio (one for 2,000 patients) worsens the situation............Read more

Source: The Times of India