Critical illness insurance provides you with a direct lump-sum payout benefit if you’re diagnosed with covered illnesses such as cancer, heart attacks, or strokes. The lump-sum helps cover things you may need as a result of being ill — whether it’s medical bills, mortgage payments, groceries, and even childcare.
If being sick has left you and your family struggling financially, you might consider Critical Illness Protection. One of the benefits of the policy is being able to spend the money however you see fit. The policy is here to make your life easier if anything unfortunate were to befall your family.
Before considering the policy, also check: