India, May 13 -- Standard health insurance policies offer standard coverage, which is often not enough in case a critical illness strikes.
Critical illnesses are not just medically serious; they can also be financially overwhelming. In India, treatment for major conditions like cancer or heart disease can range from 5 lakh to 25 lakh, while even a single hospitalisation may cost around 3.5 lakh on average. This makes having an additional financial safety net more important than ever.
What is Critical Illness Insurance?
A critical illness insurance policy is a type of health insurance that provides a lump sum payout if you are diagnosed with a serious illness covered under the policy. Unlike regular health insurance, which pays hospital bi...