Health Insurance Term
Critical Illness Insurance
A lump-sum payout on diagnosis of a listed serious illness.
What is Critical Illness Insurance?
Critical illness cover pays a fixed, tax-free lump sum when you're diagnosed with a listed illness such as cancer, heart attack or stroke — regardless of your hospital bills.
You can use the money for treatment, to replace lost income, or to clear loans during recovery.
Example
On a cancer diagnosis, a ₹25 lakh critical-illness plan pays ₹25 lakh as a lump sum.
Related terms
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