Insurers offer low-cost breast cancer cover
Insurers have launched affordable medical insurance to specifically cover breast cancer.
US insurance company AIG Direct are offering the policy for as little as 99p per month*, although the cost does increase for customers considered to be at a higher risk of developing the disease.
Breast cancer is now the most common form of the disease with 1 in 8 women developing the illness during their lifetime.
According to cancer charity Macmillan, those undertaking treatment are likely to find themselves an average of £570 worse off every month. Sufferers are often forced to take a pay cut as they become too ill to work, spend more on travel expenses to and from hospital appointments, and are faced with higher energy bills due to being at home more.
AIG’s breast cancer insurance policies are designed to help patients cope with their living expenses by paying out either £10,000 or £25,000 upon diagnosis, depending on whether they have standard or premier cover, and £50 for every day spent in hospital within the first 90 days of being diagnosed.
‘The policy is designed to be simple, easily understood and affordable. We believe it is the only breast cover-only policy available in the UK at the present time’, a spokesperson for AIG said.
However, breast cancer is just one of more than 200 types of cancer. Thus, for those wishing to feel protected against a selection of medical conditions, they may prefer to opt for a traditional form of medical insurance.
*www.thisismoney.co.uk ‘Should you insure yourself against getting breast cancer? New policy will let you for 99p a month, but beware the smallprint’, 18th December 2013