Question

Please, Explain the features and advantages of Critical Illness insurance

Answer 1

Critical Illness insurance is a health insurance product for a particular critical disease, in which insurer has to pay lump sum amount to get insured against specific illness. It is also called as dread disease policy. Critical illnes insurance is a product which was founded by  Dr Marius Barnard and launched on 6th Oct 1983 in South Africa. Critical Illness covers Alzheimer's disease, blindness, deafness, kidney failure, A major organ transplant (e.g. heart, lung, liver, pancreas), multiple sclerosis, HIV/AIDS contracted by blood transfusion or during an operation, Parkinson's disease, paralysis of limb, terminal illness, Heart attack, Cancer, Stroke etc. Critical illness insurance is suitable for people who are diagnosed with specific diease.

Benefits

Protection For You: High life cover at affordable rates so that your loves ones are financially secure.

Accidental Death Benefits: In the case of death due to accident, the nomiee will be paid double the sum Assured amount.

Protection Against Disability: In case of permanent disability due to the case of accident, your policy Continues without you having to p[ay any premiums.

100% Benefits Payout: If diagnosed with a terminal illness, we pay you the complete Sum Assured.

• Tax benefits
• Pre and Post-hospitalization expense coverage
• Discount on premium renewal
• Free lookup period and others