Critical illness is an important cover that should be taken to complement the medical insurance (indemnity) cover. Critical illness covers all major diseases which pay a fixed benefit payout to the policyholders which will be highly helpful towards rehabilitation and possible loss of income (during recovery period). With the increase in the occurrence of life-threatening diseases, it is important that an individual protects himself from major diseases by availing CI (critical illness) cover to ensure his hard earnings savings earmarked for Retirement, Children’s education is not being drawn due to unfortunate major illnesses like CANCER, HEART ATTACK, STROKE, KIDNEY FAILURE, major organ transplant, coma, paralysis etc… Critical illness covers only the majors and is highly recommended for individuals with deadline jobs and long working hours
Kindly note that critical illness cover is never a substitute for a pure mediclaim cover as mediclaim cover is for hospitalization cashless treatment (or) reimbursement. Critical illness is an add on towards recuperating period post-illness where the lumpsum payout will be useful to manage those expenses incurred after hospitalization.
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