Critical Illness Plan
Critical illness is a health insurance plan that insures you against the risk of serious illnesses. The policyholder has to pay a premium for the protection. This gives you the security of knowing that a guaranteed cash sum will be paid to you if you are suddenly struck by some life-threatening illness.
According to this policy, you are covered against life-threatening diseases like cancer, heart attack, paralysis, etc. Sometimes a critical illness can mean a change in lifestyle. You can secure yourself from such contingencies. Make sure you take out sufficient cover to keep everything up and running until your recovery is complete. The insurance company pays you the benefit amount once the disease is diagnosed.