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What is critical illness?

Critical illness is referred to as dread disease which falls under the predetermined list as a part of an insurance policy. A critical illness policy is contracted to the policyholder and is made a lump sum cash payment when the policyholder is diagnosed with one of the specific illnesses. It is also known as critical illness cover. Critical illness insurance cover offers financial security against various life-threatening diseases. The list of critical illnesses covered is given by the company where it ensures the coverage of all the expenses which are incurred if a person is suffering from severe health conditions. This cover has been designed especially to give protection against several life-threatening diseases or sicknesses. These types of health insurance covers ensure that the diseases do not burn a hole in our pocket. Therefore, it would be a smart move to add a critical illness cover or insurance to your health insurance policy. Some of the major examples of critical illness are kidney failure, heart attack, paralysis, cancer, and many more. Below is the list of critical illnesses for which the company significantly offers to pay the expenses of the patient with serious health problems.