What precisely is Critical Illness Insurance? Should I purchase it?
When Manju's husband was diagnosed with a brain tumor, they were both devastated. To make matters worse, they only possessed a medical insurance policy that covered hospitalized costs except for serious ailments. He was also unable to work due to the severity of his sickness. As a result, they had to deal with both financial and health problems because they lacked a critical illness insurance policy that would have provided an additional safety net. Many people, including Manju and her husband, are unaware of the advantages of critical illness insurance coverage. Even if they are aware, they are unable to decide whether or not to purchase one. Read on and learn more about critical illness cover and its significance in modern life. Critical illness insurance: What is it? Life-threatening illnesses, including cancer, renal failure, liver transplant, etc., are covered by a critical illness insurance policy. When a critical illness covered by the health plan is diagnosed, compensatio...