What is the Critical Illness Insurance?
7 months ago
38
Critical illness insurance usually pays a one-time lump-sum payment if you're diagnosed with a life-threatening illness.
The lump-sum payment may cover expenses such as daycare or renovations to make your home more accessible.
The amount you receive as a benefit will depend on the amount of coverage that you choose. The insurance company usually pays you the benefit after the diagnosis of a condition covered by your policy.
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