Critical Illness Insurance

Critical Illness Insurance

- Girish Malik

Critical illness Definition

Critical illness is a serious health condition that has a debilitating effect on an individual's lifestyle and requires a considerable amount of money towards treatment. It may also lead to loss of income due to inability to work.

Critical illness Coverage

Critical illness policies are a kind of health plan that provide benefits if you are diagnosed with certain ailments. These benefits are available irrespective of whether your condition needs hospitalization or not.

Critical Illness Insurance - A Story Everyone Should Know

Everyone in insurance industry knows stories like the widow who would have nothing without the life insurance proceeds of her late husband's policy, the construction worker who would be destitute without his disability payments. These stories are important. They serve as reminders to us all that our jobs really do make a difference in the lives of others.

Critical Illness insurance has stories, too - stories about how this product made a difference in the lives that it has touched. But it's much more than that. The very genesis of Critical Illness insurance is "its own" story. It is a story about a man who saw that science and medicine were keeping people alive, only to have them become financially destitute as a result of surviving their illnesses.

The story begins on the morning of December 2, 1967 as a small South African family leaves home to visit friends in Cape Town for Saturday afternoon tea. Not wanting to arrive empty-handed, they stop along the way at a roadside bakery. A few minutes later, as 25-year-old Denise Darvall and her mother exit the bakery and cross the street, they are struck by a passing motorist.