CRITICAL ILLNESS INSURANCE

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Critical Illness Insurance

Critical Illness benefit provides coverage against specific life-threatening diseases. Treating such critical illnesses may require multiple visits to the hospital over a long period. In addition to the hospitalisation

expenses, there will be other costs like fees for doctor visits, medical expenses, and more.

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A critical illness insurance plan is a policy that pays the insured a lump sum following the diagnosis of an illness covered under the plan. Critical illness plans often cover diseases like cancer, organ transplant,

heart attack, stroke, renal failure, and paralysis, among others.

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You should purchase a critical illness plan along with a health insurance plan. It is advisable to buy a critical illness plan at an early age as health risks are less and so a lower insurance premium. The premiums which are paid for a critical illness plan are allowed as a tax deduction under Section 80D.