What Is Critical Illness Insurance?

Medical advances have dramatically improved the survival rates of people who suffer critical illnesses such as cancer, stroke, and heart disease. Recovery may come with a significant financial cost that impacts both you and the people close to you. Critical illness insurance offers the financial help to pay the costs associated with life-altering illnesses. If you become sick with an illness covered by your policy and survive the waiting period, you’ll receive a lump-sum cash payment. And, unlike reimbursed health insurance benefits, you decide how to spend the money.

Key Benefits

• Money-Back If no Claim
• Guaranteed Acceptance
• Coverage up to age 75
• Tax-free Benefits paid to you
• Lump-sum payment on Diagnosed illness
• Non-Medical options also available
• Coverage for Cancer survivors also available

Why Do You Need Critical Illness Insurance?

Almost everyone has a family member, a relative, a friend, or a co-worker, who has suffered from a major, possibly fatal illness. It is a sad truth and an unavoidable series of events in people’s lives. The reality is, when these life-threatening events do occur, it is good to know that you have put the protection in place for yourself and your family. Critical illness coverage offers a lump-sum, tax-free payment when the covered illness is diagnosed. Additionally, Critical Illness insurance gives you the flexibility to consider other medical treatments and medications, even those that may not be covered by government plans. It lets you choose the kind of healthcare you want.

With a Critical Illness policy, you receive a lump-sum payment that can be used to cover costs — including medical care, travel expenses, or wages of a family member leaving work to help. Critical Illness Insurance can be an important element in your financial plan. By paying you cash benefits when you are diagnosed with a specified covered illness, It helps to alleviate some of the stress that you are already facing.