Critical Illness

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 Critical illness insurance provides a tax-free, lump-sum cash benefit directly to you after a diagnosis of a covered serious illness, helping to pay for a wide range of out-of-pocket costs like medical bills, lost income, mortgages, childcare, and more. Common covered conditions include heart attack, stroke, organ failure, and cancer, and the funds can be used for anything you need, offering a financial safety net during recovery. 

How it Works

1. Diagnosis: You receive a diagnosis for one of the critical illnesses specified in your policy. 
2. Claim: You submit a claim to the insurance provider. 
3. Lump-Sum Payment: You receive a one-time cash payment, which is often tax-free. 
4. Use as Needed: The money can be used for any purpose, including out-of-pocket medical expenses, living costs, or home modifications. 
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Commonly Covered Conditions:

Critical illness insurance plans typically cover serious, life-altering conditions such as: Heart attack, Stroke, Cancer, Major organ failure or transplant, and End-stage renal (kidney) failure.