Financial Protection When You Need It Most
What Is Critical Illness Insurance?
Critical illness insurance is a type of protection that provides a lump-sum cash payment if you are diagnosed with a serious illness listed in your policy — such as cancer, heart attack, stroke, or major organ failure.
Unlike regular health insurance, which pays doctors and hospitals directly, critical illness insurance pays you. You can use the money however you want — to cover medical bills, household expenses, lost income, or even to take time off work to focus on recovery
Critical Illness Insurance Provides:
- Financial security: Helps cover unexpected costs and lost income.
- Peace of Mind: Focus on recovery, not finances.
- Flexibility: Use your benefit however you need — no restrictions.
- Customizable coverage: Choose benefit amounts and terms that suit your life.
Types Of Coverage
Standalone Critical Illness
Standalone critical illness insurance is a separate policy. It’s not tied to life insurance or health insurance — it’s its own independent coverage designed to give you financial support when a major illness strikes.
Critical Illness Rider
A Critical Illness rider is an add-on (or optional extra) you can attach to another insurance policy — most commonly life insurance or disability insurance. This rider can be attached to a policy at the time of purchase or an existing policy.
Critical Illness For Key Persons
Key Person Critical Illness Insurance is a business-focused insurance policy that provides financial protection if a vital member of your company — such as an owner, executive, or top employee — becomes seriously ill and can’t work.
It works much like personal critical illness insurance but is designed specifically to protect the business from financial loss due to the illness of a key individual.
Critical Illness Insurance FAQ’s
Health insurance typically covers medical expenses like hospital stays, doctor visits, and treatments. Critical illness insurance, on the other hand, pays you a lump sum that you can use for any purpose—medical or non-medical (e.g., bills, mortgage, or travel).
Anyone who wants financial protection against the high costs and income loss that can come with a major illness—especially those with dependents, limited savings, or a high-deductible health plan.
Commonly covered illnesses include:
-
Heart attack
-
Stroke
-
Cancer (major types)
-
Kidney failure
-
Major organ transplant
-
Multiple sclerosis
-
Coronary artery bypass surgery
-
Paralysis
Some policies offer coverage for upwards of 25 conditions.
Yes—many insurers offer critical illness riders that can be added to a life insurance policy for an additional premium.
Premiums depend on factors such as your:
-
Age and gender
-
Health history
-
Coverage amount and term length
-
Smoking status
You may still qualify, but pre-existing conditions might be excluded or lead to higher premiums.
No, critical illness payouts are tax-free.
A critical illness diagnosis can’t be predicted, but financial preparedness can be planned.
Let us help you find the right Critical Illness Insurance coverage for your needs and budget.
