Critical illness” is a life-threatening condition, which is generally strictly defined. Most critical illness policies provide for the payment of a lump sum benefit if the policyholder is diagnosed as suffering from one of a number of specified terminalillnesses.

The Importance of Critical Illness Insurance. … While disability policies cover lost employment income due to an accident or illnessCritical Illness insurancepolicies pay a lump-sum tax-free benefit when you’re diagnosed with a serious, life-altering illness or condition, and survive a certain amount of days.

Regular health plans reimburse your medical expenses and cover hospitalization costs. On the other hand, critical illness insurance is a benefit plan that pays you a round sum if you are diagnosed with any of the critical illnesses that arecovered.

Benefits of critical illness policy. It acts as an income replacement: Critical ailments not only affect the person physically; it also has a major impact on the finances of the family. A critical insurance pays a lump sum amount which can be used to covermedical and household expenses.

List of 30 Critical Illnesses

  1. Major Cancers
  2. Heart Attack of Specified Severity
  3. Coronary Artery By-pass Surgery
  4. Stroke
  5. Kidney Failure
  6. Coma
  7. Paralysis (Loss of Use of Limbs)
  8. Heart Valve Surgery
  9. Blindness (Loss of Sight)
  10. Deafness (Loss of Hearing)
  11. Loss of Speech
  12. Multiple Sclerosis
  13. Fulminant Hepatitis
  14. Major Organ/Bone Marrow Transplantation
  15. Primary Pulmonary Hypertension
  16. Alzheimer’s Disease/Severe Dementia
  17. Surgery to Aorta
  18. Major Burns
  19. Terminal Illness
  20. HIV Due to Blood Transfusion and Occupationally Acquired HIV
  21. End Stage Lung Disease
  22. End Stage Liver Failure
  23. Muscular Dystrophy
  24. Parkinson’s Disease
  25. Aplastic Anaemia
  26. Angioplasty & Other Invasive Treatment For Coronary Artery (with partial payment only)
  27. Bacterial Meningitis
  28. Benign Brain Tumour
  29. Viral Encephalitis
  30. Motor Neurone Disease

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