Facts about Cancer Insurance Coverage
Every year, cancer affects millions of people worldwide, and South Africa has been experiencing rising rates of malignancy across all demographics. While medical aids offer some protection, cancer insurance coverage provides those affected with targeted financial support that can be crucial during their treatment and recovery periods.
The Importance of Cancer Insurance
Most South Africans who can afford monthly premiums are members of a medical aid scheme. Membership provides cover for most or all of the cost of hospitalisation and treatment, usually in a private hospital or clinic. By contrast, a cancer insurance policy provides the insured with a pre-agreed one-time payment in cash upon diagnosis of specific types of cancer.