- Majority of the respondents will either dip into personal savings or take a personal loan to finance the cost of treatment
- Oncologists determine that 2 out of 3 cancer patients get diagnosed with cancer only in the 3rd or the 4th stage thus, implying higher medical costs
- Incidence: More than half (56%) of respondents were unaware about the incidence of cancer within their family and friends circle. This is alarming, given that oncologists’ also opine that 3 in every 10 Indians are likely to contract the disease by 2020. The survey revealed that 65.7% (2 out of 3) cancer patients were detected in the 3rd or 4th stage
- Stages: 42% of respondents perceived themselves to be ‘somewhat’ in the know of the various stages of cancer whereas 28% of respondents thought they were ‘completely aware’. In contrast, the oncologists’ survey revealed that only about 7% of patients hold ‘complete awareness’ of the different stages of cancer, while 30% possess a ‘reasonable understanding’ of the same
- Types: All respondents claimed to know about the different types of cancer (breast cancer and lung cancer featured high on the awareness radar at 45% and 36% respectively) whereas oncologists revealed that only 1/4th of the people who visited them knew about the different types of cancer
- Cost of treatment: A majority of respondents estimated that the average cost of cancer treatment was INR 3.9 Lakhs. Oncologists disclosed the average cost of treatment to be upwards of INR 5 Lakhs depending on the type of cancer and stage of detection
- Additionally, the oncologists opined that a mere one fourth of the patients had any significant knowledge of the symptoms of cancer
- An alarming 69% of the respondents have no financial aid whatsoever at their disposal to deal with cancer
- A scarce 21% of respondents have a specific ‘cancer’ insurance cover to facilitate their medical expenses, as per oncologists
- 26% of the respondents would resort to taking a loan to bear the cost of the treatment
- 31% of the respondents have not even deliberated on the need of a financial plan to fight cancer
- Almost 63% of cancer patients admitted to having sought their oncologist’s advice to fund the cost of treatment and consequent expenses
About The Survey
The ‘Cancer Survey’ was initiated by Future Generali India Life Insurance with support from the IPSOS Smart Bus, which is the only mobile omnibus operated by IPSOS. Face to face and telephonic interviews were conducted with general respondents and oncologists using tablets as primary data collection device. The research was conducted across Delhi, Mumbai, Bangalore, Kolkata, Ahmedabad, Chennai, Hyderabad, Ahmedabad, Lucknow, Bhopal, Chandigarh, Pune, etc.
Generali is an independent, Italian Group, with a strong international presence. Established in 1831, it is among the world’s leading insurers and it is present in over 60 countries with total premium income exceeding €70 billion in 2016. With over 74,000 employees in the world, and 55 million clients, the Group has a leading position in Western Europe and an increasingly significant presence in the markets of Central and Eastern Europe and in Asia. In 2017 Generali Group was included among the most sustainable companies in the world by the Corporate Knights ranking.
Future Group operates some of India’s most popular retail chains including Central, Big Bazaar, Food Bazaar, Home Town and eZone. Apart from its allied businesses in Life and General insurance, the Group is also present in the domain of logistics infrastructure and supply chain and brand development. The group operates over 17 million square feet of retail space in over 90 cities and towns and 60 rural locations across India. The group’s retail formats connect over 300 million customers to over 30,000 small, medium and large enterprises that supply products and services to its retail chains. Future Group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the group’s core value of ‘Indianness.’ The group’s corporate credo is, ‘Rewrite rules, Retain values’.
IITL was incorporated in the year 1933 as an investment trust Company. It has made bonus issues thrice and has been consistently paying dividend to shareholders over the years.