A Critical Illness insurance policy provides financial assistance in the event that you experience a serious health event, such as a heart attack or stroke. The policy will help to cover the costs associated with such an event, such as medical expenses, lost income, and other financial obligations. 

Should a covered event occur, the insurance company will pay a cash benefit directly to you. You can use this cash benefit however you see fit, whether it’s to cover medical expenses, pay bills, or make up for lost income. It can also help with additional expenses, like travel cost, child care, etc. It can also be used to pay for in-home care or other non-medical expenses. This flexibility allows you to use the benefit in a way that best meets your needs and helps to ease the financial burden of a serious illness.

Having a critical illness insurance policy can help to safeguard you and your loved ones from the financial consequences of a severe illness. Knowing that you have financial support when you need it the most can provide peace of mind.