Critical illness insurance is a type of insurance policy that provides a lump sum payment if you are diagnosed with a critical illness, such as cancer, heart attack, or stroke. This money can be used to help pay for your medical expenses, lost income, or other financial obligations.
Critical illness insurance is an important part of a comprehensive financial plan. It can provide you with peace of mind knowing that you will have financial resources to help you through a difficult time. There are many different critical illness insurance policies available, so it’s important to compare policies and choose one that meets your individual needs.