India, Oct. 6 -- Critical illnesses such as cancer, heart disease, etc are life-threatening diseases that require specialised treatment. The treatment costs for these diseases are very high due to prolonged treatment plans, the use of advanced technology, and more.

This is why many individuals and families prefer to purchase the best health insurance in India to safeguard their finances against the costs of unexpected critical illness. The plan usually offers a lump sum payout during medical crises.

But what is a lump sum payout in critical illness insurance? Let us explore what a lump sum pays out and how it works in this guide.

Understanding Lump Sum Payouts in Critical Illness Insurance

A lump-sum payout in critical illness insuran...