Critical illness cover
Insurance that pays a fixed lump sum when you are diagnosed with a serious illness on its list.
Critical illness cover is a benefit based policy: it pays a set amount on diagnosis of a listed illness, after the waiting and survival periods, whatever the bills come to. Read how a claim works in critical illness insurance.
Questions people ask
What does critical illness insurance cover?
Only the serious illnesses listed in the policy, each at the severity the wording defines. On a valid claim it pays a fixed lump sum to you, not to the hospital.
What is the survival period?
The number of days you must live after the diagnosis for the claim to be paid. The policy schedule sets it.
Is critical illness cover the same as health insurance?
No. Health insurance pays hospital bills up to the actual cost. Critical illness cover pays a fixed amount on diagnosis, which you can use for income, home care or loans.
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