What is a Critical Illness Insurance?

A Critical Illness Insurance Policy makes a lumpsum payment if the holder of such policy is diagnosed with any critical illness (such as cancer, blindness, etc.) as may be listed in that policy. A critical illness policy takes care of all those issues which a mediclaim policy might not. The lumpsum amount through critical illness cover is in addition to what one gets as medical reimbursement from mediclaim policy. Minimum entry age to take the critical illness policy is 5 years and maximum age is 55 years, though it might differ with different players.

But never treat critical illness insurance as a substitute to a medical insurance. To read more on this click http://www.insurance.fintotal.com/Concepts/All-You-Want-to-Know-Before-You-Buy-a-Critical-Care-Plan/428/41

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