Critical Illness insurance

Critical Illness Insurance is usually a rider of Life insurance and will offer a lump sum amount to the insured at the diagnostic of one of the major illnesses listed by the insurer. The purpose of this insurance is to give the insured a certain amount of money to allow him to reorganize his life in regards to this new event.

Critical Illness’s lump sum amount will be paid on top of Life insurance if the disease diagnosed leads to death.

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