It has been noted that vitamin C, beta-carotene and folic acid found in chili reduces the risk of colon cancer. Chilies such as red pepper have cartonoid lycopene, which prevents cancer disease. Heart Attack : Chilies have vitamin B6 andfolic acid. The vitamin B reduces high homocysteine level. Natureland Organic Foods Red Chilli is pure, unadulterated and is used in a wide range of curries, sauces, pickles, chutneys and pastes.