A Critical illness insurance policy is designed to provide the policy holder with financial help at the time of any serious illness. Critical illness generally refers to serious diseases such as cancer, heart attack, stroke, kidney failure etc.

The main difference between a health insurance policy and a critical illness insurance cover is that, while a health insurance will pay money for meeting the medical expenses, critical illness insurance will pay a lump sum. The money obtained through this cover can be used for meeting both medical expenses and other requirements.


Thus, if you are the only bread getter in your family you can have a perfect financial assistance and get back to the normal life with out having to find other monetary sources.

Policy costs are determined by various factors such as age, medical condition and the amount of coverage purchased. If you are a smoker you will be laced in the high risk category and will be charged higher premiums.

Also if your family has a history of any serious diseases you may be denied coverage or asked to pay higher premium. Also, the policy may exclude coverage for a pre-existing condition.