Critical Illness Insurance
Sickness can affect anyone, including you, at any time and it’s better to be ready now,
If you were suddenly stricken by an illness or physical disability, you will probably have reduced income or completely lose your job. Aside from paying for your hospital bills and medications, you will still have general living expenses and other obligations.
Critical Illness Insurance can provide you the security that you need.
You can obtain critical illness insurance as a stand-alone purchase or in combination with your life insurance or family income benefit policy. If you already have life insurance and other insurances or are planning to get one, we can help you find the critical illness package that provides the right coverage for you.
Who Needs Critical Illness Coverage?
No one is exempt from getting sick or disabled, and so critical illness insurance is something that everyone can benefit from. This may particularly apply to you if you do not have enough savings to cover for your needs in case you get seriously ill, or if you do not have adequate benefits package sponsored by your employer.
Even with an employee benefit package, you may still want to get critical illness insurance for added protection. If you just want to ease your worries about what the future may bring, and ensure that you and your family will not struggle whatever happens to you, you might want to consider getting critical illness insurance.
How it Works
Critical illness insurance pays out if you suffer from an illness or condition that is specified in your policy. You will be able to claim a lump sum payment which you can use to support your living expenses, pay off debts, mortgage, fix your home and pay for an alternate transportation cost if you became disabled, pay for your treatment, and even pay for vacation or any recreational needs while you are recuperating.
Typically, you will be covered for serious and usually long-term diseases such as stroke, Multiple Sclerosis, Parkinson’s Disease, and certain types of cancer. You have to note that not all illnesses are covered, and you will not be able to make a claim for diseases that you already have.
Different providers also have different terms, and not all can offer the type of cover that you need. In this case, you need someone who can help you decide the most appropriate policy for your specific situation.