Provides a lump sum to cover medical bills, debt, or daily expenses.
Reduces stress about finances during serious illness.
Funds can be used for any purpose, including treatment not covered by health insurance.
Prevents depletion of personal savings or retirement funds.
Some policies allow additional benefits, such as return of premium or coverage for multiple illnesses.
Anyone who wants financial protection against serious illnesses that could disrupt income or savings.
Commonly covered conditions include cancer, heart attack, stroke, organ transplant, and kidney failure; coverage varies by policy.
The lump sum is paid once a covered diagnosis is confirmed by a physician.
Yes, the payment is tax-free and can be used for medical care, bills, mortgage, or lifestyle adjustments.
No, it complements health coverage by providing cash to manage extra costs or lost income.
Yes, premiums are typically higher for older individuals or those with pre-existing conditions.
Yes, many people combine critical illness insurance with life insurance for comprehensive protection.
