What Is Covered Under Critical Illness Insurance?

What Is Covered Under Critical Illness Insurance?

Critical illness insurance is a type of insurance policy that provides financial protection in the event that you are diagnosed with a specific critical illness, such as cancer, heart attack, stroke, or kidney failure. The specific illnesses covered under a critical illness insurance policy will depend on the policy you purchase. Some policies may cover a wide range of illnesses, while others may be more narrowly focused on specific conditions.

Typically, critical illness insurance will pay a lump sum benefit to you if you are diagnosed with a covered illness. You can use this benefit to help cover medical expenses, pay bills, or cover other costs associated with your illness. Some policies may also offer additional benefits, such as access to support services or the option to receive your benefit in installments rather than all at once.

It's important to carefully review the terms of a critical illness insurance policy before purchasing it, to ensure that it covers the illnesses that you are most concerned about and provides the level of financial protection that you need.

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