WHAT IS CRITICAL ILLNESS?
Critical illness can be defined as a serious health condition with an exhausting effect on an individual’s lifestyle. critical illness requires a handsome amount of money towards treatment. It may also lead to temporary or permanent loss of income due to severe health conditions and inability to work.
The count of individuals with a serious illness is increasing day after day. Critical illness may also mean loss of income, drop in lifestyle, and/or permanent disability.
The financial burden accompanied by a critical illness can be more threatening than what a health insurance plan offers. In order to overcome such financial issues, one needs to get a critical illness insurance cover, which will help you to meet your large medical expenses, as well as, offers a lump sum compensation for fund your day to day expenses.
WHAT IS THE DIFFERENCE BETWEEN CRITICAL ILLNESS COVER & HEALTH INSURANCE?
Many people confuse critical illness cover with health insurance policy. However, there is a considerable difference between the two. A health insurance covers only hospitalization expenses. while on the contrary, a critical illness cover, offers a lump sum compensation for your day to day expenses, it supports you financially, while you are facing critical illness and enable you to cope up with your financial health as well.