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Critical Illness Insurance is a specialized form of insurance designed to provide financial support to individuals and their families in the event of a serious medical diagnosis. When the policyholder is diagnosed with a covered critical illness, such as cancer, heart attack, stroke, or other specified conditions, the insurance policy pays out a tax-free lump sum benefit. This benefit can be used to cover medical expenses, replace lost income, pay off debts, or address any other financial needs that arise due to the illness. Critical Illness Insurance offers peace of mind by helping policyholders navigate the financial challenges that often accompany a major health crisis, allowing them to focus on their recovery.
Critical Illness Insurance is a specialized form of insurance designed to provide financial support to individuals and their families in the event of a serious medical diagnosis. When the policyholder is diagnosed with a covered critical illness, such as cancer, heart attack, stroke, or other specified conditions, the insurance policy pays out a tax-free lump sum benefit. This benefit can be used to cover medical expenses, replace lost income, pay off debts, or address any other financial needs that arise due to the illness. Critical Illness Insurance offers peace of mind by helping policyholders navigate the financial challenges that often accompany a major health crisis, allowing them to focus on their recovery.
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