Last Updated on March 29, 2021
2. What should I learn about this type of insurance?
Critical illness insurance costs relatively less than your other policies, given the fact that it covers those medical emergencies, the occurrence possibility of which remains low. Also, you may buy your critical illness policy along with your life insurance plan. However, you should not confuse between the two. Your critical illness insurance does not pay out to your family in the case of your death; it pays out to you directly when you survive a stroke, for example. Moreover, there is a limitation to the instances your critical illness insurance covers; but they are major events with major costs and bills.
