Critical Illness Insurance: Why You Need It (2026)

A cancer diagnosis, heart attack, or stroke are not just medical emergencies - they are financial ones. Treatment costs range from Rs.5-50 lakhs or more.

What Is Critical Illness Insurance? It pays a LUMP SUM amount on diagnosis of specified critical illnesses. Unlike regular health insurance, it gives you a fixed amount regardless of actual expenses.

Covered Illnesses: Most plans cover 10-20 conditions including cancer, heart attack, stroke, kidney failure, major organ transplant, and paralysis.

Standalone vs Rider:

• Standalone: Separate policy, higher sum insured (Rs.10-50L)
• Rider: Attached to base policy, lower sum insured (Rs.5-15L)

How Much Cover? Aim for 3-5 times your annual income.

Key Conditions:

• Waiting Period: 90 days from policy start
• Survival Period: 15-30 days after diagnosis

Need help choosing critical illness cover? Contact Insurance Support to compare plans.