Critical illness cover is a type of insurance policy that provides a lump sum payout when you are diagnosed with one of the critical illnesses listed in the policy contract.
The most common types of illnesses covered by critical illness insurance include heart attack, stroke, cancer, multiple sclerosis, and major organ transplants. It can also cover less common life-threatening illnesses, depending on the individual policy.
The amount of money you receive from a critical illness policy could help you with the financial strain of being diagnosed with a serious illness. This money can help cover medical costs, hospital stays, rehabilitation, and other expenses.
It’s important to read the policy details carefully so that you can be confident that you are getting the right coverage for you and your family. Some policies may also provide coverage for children, so make sure to look into this as well.
If you are interested in learning more about critical illness cover, you can find information on most insurance companies’ websites, or speak to your insurance agent.