Critical Illness Insurance is a specialized insurance plan designed to financially protect you in case you are diagnosed with a covered critical illness. The plan covers illnesses such as heart attack, aortic surgery, major organ transplant, and major organ failure, among others.Unlike traditional health care plans, Critical Illness Insurance pays a tax free lump sum payment if you are diagnosed with a covered condition.

This payment can be used at your discretion, allowing you to take time off work, offering you the flexibility to cover medical care costs or maintain your lifestyle during your recovery. Unlike life insurance, Critical Illness Insurance allows the policyholder to take advantage of the policy benefits during their lifetime, specifically when they need it the most. Critical Illness is available based on different Terms such as Term 10, Term 20, Term to 75 or even Term to 100. You can even get a policy with a Return of Premium after a set number of years.