What if one fine day you find out that you have cancer? Or maybe a heart disease? Unimaginable, isn’t it? Studies suggest that around 20% or all men and 25% of all women worldwide fall victim to a critical illness at least once in the first 60 years of their life. In such a situation there’s not much you can do, unless of course you planned for it beforehand. Critical Illness Insurance is one way.
Critical Illness Insurance covers certain critical illnesses specified beforehand. Over 30 major illnesses are generally covered including heart attack, cancer, kidney failure and major organ transplant. Such policies generally provide additional benefits for single people who have no one to depend on. Even though most critical illness insurance policies require that the claimant survives for at least 30 days after the critical illness is first detected, it is still quite advisable. Some of the notable critical illnesses excluded from the list are HIV-AIDS and drug abuse.