Do I need critical illness insurance?
JUST what is critical illness all about? It is a type of insurance rider or product that provides a lump-sum cash payment to the insured if found to have one of the life threatening illnesses covered in the insurance policy contract. The insured does not have to be disabled and he or she can spend the lump sum in any way—such as medical bills, renovation of house, medicines, groceries, or even vacation. In this way, the insured can avoid financial strain, while he or she can focus more on recovering from the major illness.