The idea behind critical illness insurance is to support the policyholders incase they contract any critical ailment. It is often noticed that the fear of contracting any critical disease is much greater than the disease itself is. Thoughts about the inability to earn, unemployment, increased debt amount, expenses for treatment etc. compel people to panic. And such fear is not abnormal.
Once such unforeseen situations are covered, half the battle is won. With a peace of mind, patients can recover faster.
Nobody knows whether a healthy person would become a victim of any critical diseases tomorrow or not! Heart attack, stroke, cancer, Alzheimer’s disease when attack a person, the whole family becomes victim and the life seems to come at standstill.
To help people fight such incidents, insurer offers financial protection to critical illness insurance policyholders. Generally critical illness insurance policies provide following benefits:
- Expense of treatment
- Pay for all health related issues
- Mortgage repayment help
- Debt repayment
- Support to bridge the gap caused for reduced income
- and often more
Different insurers provide different kind of coverage under critical illness insurance. It is always suggested to read the policy carefully and ask all possible questions to your insurance agent. A list of critical illness types is provided with the policy; policyholders are insured against those illness types only. Know everything about your critical illness insurance policy before you purchase it.