A type of insurance that pays out when the insured person dies. Policies can vary based on the length of coverage, the amount of coverage and the contract definitions. The contract definitions explain under what circumstances a claim would be paid, what might be excluded from the coverage (such as pre-existing conditions) and for how long such exclusions would remain in effect.
Critical Illness Insurance provides a lump sum cash payment 30 days after the diagnosis of a covered illness (cancer, heart attack, stroke) offering financial security in uncertain times. Illnesses covered can vary from 4 to 26 illnesses depending on choice of contract. You may even be able to receive a return of premiums paid if you never make a claim.
Health Insurance coverage can include items such as prescriptions, vision care, dental care and extended health benefits, which can include services such as physiotherapy, acupuncture services or massage therapy, to name a few.