Critical Illness
Life is full of surprises and not all of them are good. If you were diagnosed with a critical illness, could your family carry on or would life come to a halt? Critical illness insurance is a way to help safeguard your family finances should you become seriously ill or suffer the covered illness.
With it, if you were to suffer from one of the defined serious illnesses, you’ll receive a lump sum cash amount that could help keep family life on track while you recover. If you need to make a claim, the critical illness insurance could help provide you and your family with financial support when it’s needed most.
• Critical illness insurance provides additional coverage for medical emergencies like heart attacks, strokes, or cancer.
• Because these emergencies or illnesses often incur greater-than-average medical costs, these policies pay out cash to help cover those overruns when traditional health insurance may fall short.
• These policies come at a relatively low cost. However, the instances that they will cover are generally limited to a few illnesses or emergencies.