Critical Illness Insurance is a Living Benefit Plan, that pays a lump sum 30 days after diagnosis of a covered condition. The payment is based on a specific medical diagnosis, not on inability to work or on loss of income (partial disability).

Today, there is an 80% chance you will suffer a critical illness, survive and live longer than ever before because of advances in medical science. However, most life insurance plans on the market today relieve your loved ones and business partners of financial worries only after your death. Critical Illness insurance covers you during your lifetime if a debilitating or life-threatening illness or disease strikes you.

In addition, the government’s ability to meet all your potential medical expenses is highly constrained. Both governments and organizations are looking for ways to either reduce or contain their current health expenditure. Nonetheless, medical advancement has facilitated improvement in life expectancy rates and reduced mortality rates.