According to a cancer research paper published in The Lancet Oncology Journal, about 10 lakh people in India are diagnosed with cancer every year and 6 to 7 lakh succumb to this fatal disease. By 2035, these numbers may almost double to 17 lakh new patients and 12 lakh deaths per year.

While on one hand, technological advancements have made it easier to detect cancer in its early stages leading to improved life expectancy; on the other hand, the associated costs have also increased manifold. In fact, the cost of five common cancers in India has grown 3-4 times since 2000 (Source).

So while it is wise to avail critical illness and health insurance plans for various ailments and related hospitalization, a dedicated cancer insurance plan should be availed to mitigate the expenses related to cancer treatment.

If you have a health insurance , you must pay a set premium monthly, annually, or bi-annually. This fee ensures that your insurance keeps providing you with the chosen health protection. However, understanding how health insurance premium work may be overwhelming. Certain factors surround this component, which makes the fee differ from one person to another.

Read through the following sections to know how premiums on health insurance are calculated and the factors that affect health insurance premiums.

Choosing the right health insurance plan is important as you don’t want to burn a hole in your pocket in spite of paying high premiums. Learning from the insurer that a certain expenditure is not covered while facing an emergency is the most unwanted headache during a dire situation.

In this regard, health insurance portability has emerged as a valuable feature that allows policyholders to switch from one insurance provider to another while retaining their existing benefits. Let’s learn in detail what is portability in health insurance, how it works, and explore its significance in the health insurance sector..

Health insurance is a type of insurance policy that covers all the medical expenses arising from medical treatments, surgery, hospitalization, etc. The policyholder pays a premium amount to the insurance company, and the insurer, in return, pays for the insured's medical expenses. A health insurance policy is usually valid one year after which, it has to be renewed by the policyholder. However, some insurance companies provide the option of extending health insurance benefits for a longer period by paying a higher health insurance renewal premium about.

In the below sections we will discuss key aspect of renewing health insurance in a timely manner including its importance, benefits, how the renewal process works, impact of delaying health insurance renewal and more.

Health insurance plans are a type of insurance policy that can cover medical expenses incurred for treatment of a range of illnesses. These expenses can include medication, surgeries, hospitalization due to an illness, emergencies of injuries due to unfortunate accidents, etc. However, the types of expenses that are covered by a health insurance plan can vary for different types of health insurance policies.