Critical Illness

Critical Illness Insurance is a type of health insurance that provides a lump-sum cash benefit if you are diagnosed with a serious medical condition covered under the policy. It’s designed to help cover costs that may not be paid for by standard health insurance, such as lost income, travel for treatment, or modifications to your home.

🔍 What It Covers

Coverage varies by insurer, but common illnesses include:

• Cancer (life-threatening)

• Heart attack

• Stroke

• Major organ transplant

• Kidney failure

• Multiple sclerosis

• Coronary artery bypass surgery

• Paralysis

• Coma

• Alzheimer’s disease (severe stage)

💰 How the Payout Works

• The insurer pays you a tax-free lump sum (amount varies by policy) after diagnosis.

• You can use the money for any purpose, including:

• Paying for medical treatments not covered by your primary health insurance

• Replacing lost income

• Covering mortgage or rent

• Hiring in-home care or making home modifications