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Critical Illness

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Ans

There are different kinds of Insurance Plans available in the market. The basic types are Mediclaim/ Health Insurance, Critical Illness, Personal Accident Policy, Hospital Cash Benefit, Senior Citizen Health Insurance, etc. A lot of people often get confused between a Health Insurance Plan & Critical Illness Policy. 

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Ans

Critical Illness Policy is a Fixed Benefit Plan. The insurance will get the full sum insured irrespective whether one is hospitalised or not or what is the actual expenses for the treatment. The list may vary depending on the Insurance Company you have chosen. It is important to check the number illnesses covered and the additional benefits offered before choosing the right product.  

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