What is Critical Illness Insurance?Critical illness insurance is a type of insurance coverage that provides a lump sum payment if the policyholder is diagnosed with a specified critical illness or medical condition. The covered conditions typically include major illnesses such as cancer, heart attack, stroke, organ failure, and certain types of surgeries.
Critical illness insurance helps alleviate the financial burden that comes with expensive medical treatments, allows policyholders to focus on their recovery and provides financial support for various needs such as medical expenses, debt payments, living expenses, and additional caregiving costs. It is designed to provide a financial safety net during challenging times, offering peace of mind and protection against the financial impact of a critical illness diagnosis. Conditions That May be Covered:
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