Critical illness insurance or critical illness coverage is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy.
Conditions that May Be Covered:
Alzheimer’s
Cancer
Heart attack
Stroke
Coronary artery bypass surgery
Blindness
Deafness
Kidney failure
Major organ transplant
Multiple Sclerosis
HIV/AIDS contracted by blood transfusion or during operation
Parkinson’s
Limb paralysis
Loss of limb
Terminal illness
Critical illness policies may differ in the conditions they cover, and it’s important to review policy terms and limits.
