ICEA Lion Group has launched a cancer insurance cover that will cater for Kenyans aged between 18 and 59 years who have been cancer-free for a year before taking up the cover.
The move is aimed at reducing the huge medical bills that families incur during treatment.
Speaking at the launch of the service, business development and technical services general manager, George Nyakundi, said the product will cater for the financial needs of patients from diagnosis, treatment, surgery to palliative care and relapse.
“If at the terminal end the disease the insured cannot fend for themselves, we will pay the balance of any unclaimed balance up to 100 per cent,” he said.
The premiums vary depending on age, gender, habits, period of the cover and medical history.
Upon diagnosis, the insured will receive 10% of the sum assured with additional pay-outs made for chemotherapy, radiotherapy, surgery, relapse and palliative care for up to 65 years.
18-year-old male non-smokers seeking a sum assured of Sh1 million will start with premiums of Sh165 while smokers at the same age will pay Ksh370 a month. Female non-smokers at the same age will start with Sh170 while smokers will pay Ksh400.
Male non-smokers at 40 years seeking Sh1 million sum assured will contribute Sh2,000 a month while their females will part with about Sh2,700 a month
In addition, the cover comes with inbuilt remission bonus and also covers benign brain tumours with an additional 10% of the sum assured.
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