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Critical Illness Insurance

Critical Illness Insurance, also known as "Living Benefit" or "Dreadful Disease" insurance ensures financial security to a person suffering from critical illness. This insurance policy pays a lump-sum benefit when a person is diagnosed with covered Critical Illness Insurance and survives for a period of time. The survival period is usually from two weeks to a month. Serious heart attacks, invasive cancers, and strokes are common critical illnesses that are covered by the Critical Illness Insurance policy. In Critical Illness Insurance Policy, the premium amount of your policy is typically paid in lump sum. Premium rates for all policyholders may increase from time to time; however, your premiums will never increase by more than 25% of your policy's rate schedule. There is no annual policy fee.

Benefits of Critical Illness Insurance:
  • Get the treatment you want.
  • Pay off debts.
  • Take advantage of experimental treatments.
  • Maintain quality of life.
  • Cash paid in a lump sum.
  • Financial freedom and flexibility.
  • An ability to plan for the unexpected.
  • Money when you need it the most.

 
 
 
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