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Critical Illness Cover
Critical illness insurance pays a lump sum on diagnosis of cancer, heart attack, stroke, kidney failure, paralysis, or organ transplant. Separate from health insurance — covers loss of income too.
Critical illness covers cancer, heart attack, stroke, kidney failure, paralysis, organ transplant — paid as lump sum on diagnosis. Separate from health insurance which reimburses hospitalisation.
FAQ
How is critical illness different from health insurance?
Health insurance reimburses hospitalisation expenses. Critical illness pays a LUMP SUM on diagnosis — even without hospitalisation. Used for income replacement.
Single premium or annual?
Single-premium policies (10-year cover) work out cheaper. Annual offers flexibility but pricing rises with renewals.
Standalone or rider?
Rider with term insurance is cheapest. Standalone gives more comprehensive cover. For young earners, term + rider often suffices.