Ways to Immune Your Finances from the Cost of Heart Disease and Cancer Treatment
S. Yuvavarthini1, Y. Franklin Gnanaiah2

1S. Yuvavarthini, II M.Sc., Department of Actuarial Science, Bishop Heber College, Trichy (Tamil Nadu), India.

2Y. Franklin Gnanaiah, Assistant Professor, PG, Department of Actuarial Science, Bishop Heber College, Trichy (Tamil Nadu), India.

Manuscript received on 06 December 2019 | Revised Manuscript received on 20 December 2019 | Manuscript Published on 31 December 2019 | PP: 43-46 | Volume-8 Issue-12S2 October 2019 | Retrieval Number: L100910812S219/2019©BEIESP | DOI: 10.35940/ijitee.L1009.10812S219

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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

Abstract: Threateningdiseases such as, cancer and heart disease are emerging as a major public health concern in India. This paper uses LANCET report to specify the background of heart disease and cancer in India. It also provides ways to transfer the out-of-pocket expenditure caused due to the diagnosis of such disease. Further it discusses about policies such as critical illness, heart and cancer insurance, heart insurance. This paper specifies different factors to be taken into consideration while purchasing a policy and assists in selecting the best insurance policy. To check the awareness among general public this paper uses a questionnaire, method to collect samples (of 417 members) and the results are interpreted accordingly. Finally, this paper also provides recommendations for Cancer Cover to make it more effective.

Keywords: Cancer, Heart Disease, Cancer Cover, Heart and Cancer Insurance, Critical Illness, Awareness.
Scope of the Article: Context Awareness and Personalization