What is Individual Critical Illness Insurance:

Critical illness insurance, otherwise known as critical illness cover, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the predetermined specific illnesses mentioned under the policy.

Examples of illnesses that are covered under the policy include

• Heart attack
• Coronary artery bypass
• Stroke
• Multiple sclerosis
• Parkinson’s disease
• Paralysis of limbs
• Kidney failure
• Major organ transplant
• Chronic end stage liver failure
• Permanent blindness
• Cancer in situ