Critical Illness Insurance in general

Critical illness is an insurance product, quite like life insurance except that it pays when the life assured is diagnosed of any one of the critical illnesses stipulated in the policy. The purpose of a critical illness policy is to cushion any financial hardship a person would experience in the event of a serious illness. Unlike here in the UK where healthcare is free, critical illness insurance is especially useful to people living in places where they have to pay for medical care. Critical illness insurance is supposed to help as an income replacement in the event of a critical illness, pay for additional costs of treatment like specialists ...