Critical illness cover helps you tide over life’s ups and downs. This kind of life insurance gives you peace of mind as you feel stronger and empowered. Now if you don’t agree with this simple fact then we have to call you out on your thinking.
Life insurance is about protecting your loved ones through thick and thin. Critical illness cover is that part of life insurance that gives you added financial power of taking care of your health. If life throws a lemon at your health, then this cover helps you make a nice lemonade out of it.
Let us give you a simple head’s up. If you have life insurance without critical coverage, then you could be walking on pins and needles on the road of life. When some lifeless pin could pierce your skin and show you blood is not what you would like to experience.
Here are some reasons to check out why having a critical illness cover is the most sensible choice that you can make after buying life insurance.
Critical Illness Cover is a Dark Horse
If you haven’t caught on yet, let us make it clear that a critical illness cover is like a dark horse. It has the potential to win you the ‘healthy and carefree’ competition if ever there was one.
You don’t need to have any financial worries if god forbid, you get diagnosed with a critical illness. With critical coverage, you get a lump sum payout that you can use for your medical bills or any other way you see fit.
What is important is that there are so many life insurance providers in the market out to give you this critical cover. Don’t leave this decision down to the wire or the last moment.
Be Prepared For Better Support
You need to hit the nail on the head by immediately opting for critical health coverage in your life insurance policy. If serious illness knocks on your door, then critical cover gives you great support in case you don’t have significant savings as a backup.
Your critical illness cover payout is tax-free. If you’re diagnosed with a medical condition that is insured then you get the payout. This can help you take care of expenses like:
1-Household bills
2-Private healthcare, in case you opt for it
3-Rent or Mortgage payments
4-Medical treatment that is specialized
5-Any earnings that you lose
6-Making provisions for your dependents
Conditions Covered by Critical Illness Cover
The type of critical cover you decide to take will decide the conditions in the policy that your insurer offers. However, certain core coverage conditions are always there. Importantly, comprehensive critical cover policies often cover about 40-50 conditions. What you need to be sure of is that you always read the terms of the critical cover policy before you take it out.
Think again and put on your critical illness cover amount now.
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