Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Critical illness cover pays a lump sum on diagnosis of a specified serious illness (like cancer or heart attack), regardless of actual treatment cost incurred.
A payout you get on diagnosis of a serious illness, no matter how much treatment actually costs.
Usually a standalone policy or a rider on term/health insurance; the lump sum can cover treatment, income loss, or lifestyle adjustment costs, unlike reimbursement-based health insurance.
Diagnosed with a covered critical illness, a policyholder receives the full lump sum payout, usable for any purpose.
A payout you get on diagnosis of a serious illness, no matter how much treatment actually costs.
Critical Illness Cover helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.