Critical Illness Insurance – What’s Covered by Harpreetpuri
What is a critical illness insurance policy?
A critical illness insurance plan is a type of medical policy that offers the insured a lump-sum benefit if they get diagnosed with a severe illness such as cancer, heart attack, etc. The amount received can sort out your medical bills while you spend time focusing on your recovery. In addition to your medical expenses being looked after, your care or travel expenses are taken care of to help your family not struggle financially, physically, and emotionally while you are recovering. The longer the plan, your premiums will be Higher.
Easing your financial stress during a medical emergency
The lump-sum cash benefit you receive gives you the freedom to spend it as you wish, like taking care of your monthly expenses, paying outstanding debts, purchasing medical equipment, private nursing, and much more, including paying off your mortgage. But there is a condition that must match. To receive the lump-sum benefit, the insured must survive for 30 days after you have been diagnosed with the illness. This period is known as the minimal survival period. Below is a list of d
Few diseases that are covered under the Critical Illness Insurance policy:
- Kidney failure
- heart attack
- Multiple sclerosis
- Organ transplants
The lump-sum benefit the policy owner receives is based on the policy coverage. You will be entitled to receive the advantage after the minimal survival period, also known as the diagnosis period. While you spend your time and energy focusing on your rehabilitation, the amount can be used to reduce your financial strain. If you stay healthy for the covered period, there are plans
Gives you option to get 100% premiums return.
Contact Harpreet Puri for further information.
As the policyholder, you have to ask yourself what happens to the insurance plan if you don’t get a severe illness during the policy period? Don’t worry; you have the choice to extend your policy, or the premiums can be paid off to your family after your death. If you’re still unsure about the critical illness coverage, please do reach out to Harpreet Puri to find out more information on the medical conditions covered in the policy. If you are based in the Brampton, Mississauga, Milton, GTA area, call us today at