Critical Illness Insurance
Critical Illness Insurance
Critical illness insurance provides a tax-free lump-sum payment if you are diagnosed with a covered serious illness such as cancer, heart attack, or stroke. This benefit can be used for medical costs, recovery expenses, or to replace lost income during treatment and recovery.
Advantages
Tax-free lump-sum benefit
Financial support during recovery
Freedom to use funds for any purpose (medical, travel, home care, bills)
Helps reduce financial stress at a difficult time
Can include return of premium options
Objective
To protect your savings and lifestyle by providing immediate financial support during a serious health event.
Suitable For
Families with financial obligations
Self-employed individuals
Professionals without strong employer coverage
Anyone concerned about the financial impact of major illness
Who Can Open
Individuals
Parents for children
Business owners (personally or through a corporation)