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Frequent Contributor
maheshkulkarni
Posts: 88
Registered: ‎02-08-2016

What is critical illness insurance policy?

What is critical illness insurance policy?

5 REPLIES 5
Frequent Contributor
sneharaj
Posts: 80
Registered: ‎22-08-2016

Re: What is critical illness insurance policy?

A very valuable policy that helps the insured with a lump sum amount upon diagnosis of a critical illness.

Frequent Contributor
kelvindsouza1
Posts: 96
Registered: ‎02-08-2016

Re: What is critical illness insurance policy?

The policy also provides funds in case of change in the lifestyle that maybe resulting due to lost income and  decreasing earning ability of insured person.

Contributor
vishnu
Posts: 30
Registered: ‎05-04-2017

Re: What is critical illness insurance policy?

Critical illness insurance policy   in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy 

Frequent Contributor
reji
Posts: 114
Registered: ‎26-07-2016

Re: What is critical illness insurance policy?

It provides the insured a lump sum, in case he/she gets diagnosed with a critical illness such as cancer, sclerosis, coma, heart attack, paralysis, kidney failure, etc.  Covers major illnesses which are usually excluded from a standard health insurance policy. Covers all expenses associated with a critical illness

Contributor
Sonal Chaudhary
Posts: 42
Registered: ‎09-06-2017

Re: What is critical illness insurance policy?

It provides the insured a lump sum, in case he/she gets diagnosed with a critical illness such as cancer, sclerosis, coma, heart attack, paralysis, kidney failure, etc. It is usually a benefit policy and covers major illnesses over and above a standard health insurance policy. Covers all expenses associated with a critical illness.