Critical illness insurance is known as dread disease insurance. This pays out a lump sum of cash payment if policyholder is identify with definite specified critical illnesses planned on the insurance policy and survives a minimum number of days, throughout a fixed period of time.
Critical illness life insurance provides a definite fixed sum upon diagnosis of a specified illness or condition e.g. cancer or heart disease. People more likely to suffer a serious illness before the age of 55 than you are to die so it is essential to consider Critical Illness Insurance.
Features of Critical Illness Life Insurance:-
- Critical Illness cover with your life insurance policy as an additional cost.
- Critical illness life insurance can ensure you and your family to protect against possible unforeseen circumstances.