Critical Illness Insurance

Critical illness insurance provides a lump sum payment if you are diagnosed with a life-threatening illness covered by the policy (e.g., cancer, heart attack, stroke).

  • Example:
    Cancer Coverage: If you are diagnosed with cancer, critical illness insurance could provide a lump sum payment, which you can use to cover treatment costs, pay off debts, or cover living expenses while you take time off work to focus on recovery.
    • Heart Attack or Stroke Coverage: If you suffer a major heart attack or stroke, the insurance payout can help with the medical costs not covered by regular health insurance or to cover lost income during your recovery period.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *