Realizing that not everybody understands insurance well, we never treat any insurance query as unintelligent. For us, solving our customers' and readers’ queries is of utmost importance, as it eventually helps them make an informed decision.

Hence, we decided to compile the top frequently asked questions regarding Critical Illness insurance. Read on as we answer them one by one.

Can I take multiple claims under Critical Illness Cover for the same disease(s)?

No, only one claim can be made for the same illness during the entire policy term. Once, a lump sum pay-out is made for a particular critical illness, the coverage under the policy will automatically be terminated and subsequent renewals shall be allowed in the policy for the particular insured person. In case the policy is issued for more than one individual, it will continue to be in force for the remaining members.

However, certain policies continue giving other benefits (leaving the one which has already been claimed) for the remaining policy period and subsequently if renewed.

If diagnosed with a Critical Illness, can I claim for the illness both under Health Insurance policy and Critical Illness Cover?

Yes, you can. The health insurance policy will pay for your medical and hospitalization costs, whereas a critical illness policy will pay you a lump sum when you are affected by a critical illness after the survival period.

Does a Critical Illness policy pay for the hospitalization benefit?

No, a critical illness policy is a benefit plan and only pays a lump sum compensation when the policyholder is diagnosed with any one of the listed specified diseases in the policy documents.