How do an insured member benefit from Critical Illness Insurance?
The critical illness insurance is often considered as the second most important protection for the employees to benefit from. This cover provides for a lump sum payment of a pre-determined amount in the event of the employee contracting a specified disease or trauma – such as heart attacks – strokes – or cancer which generally forbid the employee from working.
Related Questions
- Under Critical Illness insurance while selecting the level of benefit, does the client exercise his choice or does the insurance company make a decision ?
- How long does a person with a Critical Illness insurance plan have to survive an illness in order to collect the full amount of the benefit?
- If a Critical Illness Insurance policy owner has a heart attack or stroke and immediately dies, what benefit would the policy pay?
