Critical Illness Insurance – A Safety Net Beyond Regular Health Insurance
Life is unpredictable. A serious illness can affect not only your health but also your finances. That’s where critical illness insurance steps in. It offers financial protection when you are diagnosed with a life-threatening condition like cancer, heart attack, or stroke. Let’s understand how this type of health insurance works and why it’s important. What Is Critical Illness Insurance? Critical illness insurance is a type of health insurance that gives you a lump-sum payout if you're diagnosed with a specified critical illness. This money can be used for anything—from medical bills to daily expenses or even paying off loans. It’s different from regular health insurance, which usually covers hospital bills only. How Does It Work? Here’s how a critical illness policy works in simple steps: You buy the policy and pay a regular premium. If you are diagnosed with a listed critical illness, you file a claim. The insurer pays you ...