Critical Illness Insurance
What is critical illness insurance?
Put your energy into recovery, not worrying about money.
A serious illness can turn your world upside down, and the last thing you should have to worry about is how to pay the bills. Critical illness insurance helps ease that burden by providing a lump sum cash benefit, so you can focus on treatment, recovery, and your well-being. It offers added financial support when you need it most, helping protect your income and peace of mind during a challenging time.
Who is critical illness for?
Critical illness insurance can be a smart choice for anyone seeking extra financial protection in the event of a serious health diagnosis. It can help preserve savings, reduce the need to take on debt, and provide added flexibility to manage both medical and everyday expenses while focusing on treatment and recovery.
What does critical illness cover?
Critical illness insurance provides a one-time, lump-sum benefit if you’re diagnosed with one or more covered serious conditions. Coverage typically includes illnesses such as cancer, heart attack, stroke, Parkinson’s disease, and other major health events, with plans often allowing you to focus coverage on the conditions that matter most to you. Benefit amounts vary by policy but can provide up to $50,000 in cash, which can be used for medical costs, household expenses, or any other financial needs during treatment and recovery.
Why should I consider critical illness?
Critical illness insurance can provide valuable financial support if you’re diagnosed with a serious condition, helping cover expenses that health insurance may not fully pay for. It can protect your savings, reduce financial stress, and give you the flexibility to focus on treatment and recovery instead of worrying about bills.
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What are the benefits of critical illness insurance?
Critical illness insurance pays you directly without any deductible or extra waiting time after your claim has been verified/
The money you receive from your critical illness insurance can be used however you want, covering anything medical bills to monthly rent or a hotel room for loved ones who may visit you while you’re recovering.
It is your money to spend how you see fit.
Once you are insured, you are covered for the long term, paying you a lump sum of $1,000 up to $50,000 — depending on plan design — when you receive a new diagnosis of a previously undiagnosed critical illness. After you recover, if you are diagnosed with a new occurrence of the same critical illness, while still insured, you can be eligible for an additional payout of $500 to $25,000.
Your medical plan helps cover a wide range of medical expenses — like doctor visits, hospital stays, surgeries, and prescriptions. It typically pays your health care providers directly and may include deductibles, copays, and coinsurance.
Critical illness insurance works differently. It provides a lump-sum benefit if you’re diagnosed with a covered critical illness. This benefit is paid directly to you — not your doctor or hospital — so you can use it however you need, including paying for the deductibles associated with your medical plan.
Other supplemental insurance to consider
Hospital Insurance
Accidental Insurance
Cancer Insurance
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