Overview
Critical illness insurance provides financial protection if you're diagnosed with a serious illness, such as cancer, heart attack, or stroke. It helps alleviate the financial burden of medical expenses, lost income, and other related costs.
Key Benefits
1. Lump Sum Payment: Pays a tax-free lump sum upon diagnosis of a covered critical illness.
2. Financial Support: Provides financial support to cover medical expenses, lost income, and other related costs.
3. Flexibility: Allows you to use the payout as needed, whether for medical treatment, debt repayment, or daily living expenses.