Critical Illness Insurance
Also known as “Living Insurance”
We often confuse Critical Illness Insurance with Health Insurance. While both may seem to be similar, they are indeed entirely different. Health Insurance covers your medical bills while also aiding in operations and procedures associated with your illness. Critical illness insurance pays you a lump sum amount to sustain your life during recovery and beyond. This money can be used any way you want. Its purpose is to provide you with funds to use in case of loss of income or work.
While it may seem that having health insurance is enough. But in reality, when one gets critically ill the thought of being able to work again is haunting one.
Are you prepared to survive a disability??
No employer provides indefinite income while you are at home recovering from a disability. A loss of income would result in a severe financial strain. Without the living benefits solutions to cover your health care and ongoing expenses during your recovery, a permanent disability, could be devastating for you and your family. It could impact your life in many ways. You may not be the same even after a recovery. Reduced efficiency or ability could also mean a reduction in income. Having a disability insurance will ensure that you have a back up and will not be forced to get back to work before you are completely recovered. We must understand that financial stress can make things worse, have a strain on not just your mind but also the body. And having a 2-3 years income in your account will relieve you of the stress and get you back on your feet sooner.
learn how you can get the coverage you need to protect your income and provide for your family in the unfortunate case that you are sidelined with an illness or injury that results in the loss of your income.