Critical Illness Insurance
Critical Illness Insurance provides coverage against specified life threatening diseases which may require multiple visits to the hospital over a long period of time. This policy pays a lump sum amount to the insured that can be used to cover various medical expenses.
- Coverage can be arranged as a standalone policy or as additional benefit under Life Insurance products
- Lump-sum amount is paid on diagnosis of certain critical diseases (mentioned in the policy)
- Helps in easing financial pressure faced by the family.