In India, 11,20,000 people are diagnosed with cancer each year. However, only 30% of cancer patients can afford essential treatment, while most others lose their lives due to lack of timely intervention.
Cancer treatment is costly. It can negatively impact not just your health but also your emotions and relationships. If cancer is diagnosed in any family member, finances can get strained. Traditional insurance policies may not cover the cost of cancer treatments. In the absence of a critical illness insurance cover, you may have to make use of the best available resources.
If you are looking to manage treatment expenses in the capital, a personal loan in Delhi can be a good option. These can include travel costs to see the doctor, food, lodging, medications, consultancies, etc.
Here are five ways through which you can raise funds for cancer:
- Personal Loans
Lastly, personal loans can be obtained by banks or financial institutions to overcome medical emergencies. These loans are unsecured and do not require collateral as security. The loan application request can be filled online from the comfort of your home. Typically, a loan application gets approved quickly once the background check and income verification is clear.
- Medical Insurance
A regular health insurance policy may not cover cancer treatment costs. This is because the cost of treating a life-threatening disease can be exorbitantly high; way more than the coverage from a standard health insurance plan. Thus, it is advisable to invest in a critical illness health insurance cover in addition to a traditional health insurance policy to ensure your health safety. A critical illness cover pays a lump sum amount on the diagnosis of a serious illness such as cancer. This amount is paid irrespective of the actual expenses incurred in the hospital.
The age-old way to tide over a financial crisis is to raise money through family and friends. Ever since social networking has picked up, it can be put to good use like raising funds for treatment. People from all over the world can contribute to an online crowdfunding campaign. It is easy to set up, operate and track. By sharing your story, you can help people know about your experiences. There are many generous people in the world waiting to do a good deed. For example, Milaap is one such crowdfunding platform that helped supporters of a cancer survivor raise Rs. 35 lakhs.
- Funds from NGOs and Private Trusts
Cancer survivor networks play a momentous role in raising funds for the critically ill who cannot afford expensive treatments. There are many NGOs such as the Cancer Care Trust, First Hand Foundation, The Indian Cancer Society, The Cancer Patient Aid Association and more that are wholly devoted to helping cancer patients. In addition to these NGOs, many celebrities and families who have defeated cancer have set up private trusts— for example, Yuvraj Singh Foundation and Nargis Dutt Memorial Trust.
- Funds from the Government
A cancer patient can also avail of government-sponsored projects. State governments introduce schemes aimed at providing monetary relief to cancer patients. Some plans sponsored by the Central Government include The Prime Minister’s National Relief Fund and schemes under the Ministry of Health and Family Welfare. A cancer patient can receive monetary help between Rs. 1 lakh to Rs. 4 lakh from the government. Also, many hospitals treat cancer at a subsidized cost. In addition, cancer patients can claim 50% concession for train and air travel to treat the condition.
Often, hospitals that diagnose cancer can help connect the patient to places that offer cost-effective treatments. In addition, they can also connect cancer patients to support groups and other sources of funds to help them raise funds towards their treatment. You can always begin by asking your doctor for such helpful information. It is important never to give up and always reach out for help.
If you are looking to avail a personal loan in Delhi to manage cancer care costs, you can check out the personal loan lenders online. They involve minimum documentation with lowered interest rates. You can obtain collateral-free loans up to Rs. 25 lakhs with flexible repayment duration between 12 months and 60 months. To know more about the personal loan eligibility and the documentation required to avail such loans, you have to visit lender’s website or call them on their customer care number..