When our beautiful families grow, financial pressures grow along with worries of future financial incapacities when stroked by a health crisis. One of an undesired outcome is getting knocked by a serious illness, which can turn our lives dramatically the wrong way up.
Critical Illness Insurance is an insurance service that provides a lump-sum cash payment if the insured was diagnosed with one of the critical illnesses listed in the policy with 36 specific covered diseases. In that fateful episode, the insured is compensated with that lump-sum to help him solve the financial repercussions on his life and loved ones.
The sum insured could be useful in covering the costs of healthcare treatments, surgeries, daily expenses, debts settlement, lost income reimbursements etc.
The policy requires that the insured survives a minimum of 30 days from the time the illness was first diagnosed.
List of covered diseases:
AIDS/HIV, as a result of a blood transfusion
AIDS/HIV, from occupational duties
Alzheimer's disease/Severe Dementia
Benign Brain Tumor
Coronary Artery Bypass Surgery
End Stage Liver Disease
End Stage Lung Disease
Heart Valve Surgery
Loss of Hearing (Deafness)
Loss of Limbs
Loss of Speech
Major Head Trauma
Major Organ/Bone Marrow Transplantation
Motor Neuron Disease
Primary Pulmonary Hypertension
Systematic Lupus Erythematosus