A critical illness insurance policy covers different incidental costs incurred due to a serious illness or disability that could prevent you from working or maintaining a steady income. Critical illnesses are not just a problem for older people in today's high-pressure work environment and lifestyle. In an emergency, insurers provide a critical illness insurance plan, which can be purchased separately or in conjunction with your family's primary health insurance.

Liability -

Without your knowledge, a critical illness can sometimes be diagnosed suddenly. For example, a heart attack or stroke typically occurs immediately, making it challenging to take preventative measures against a disease you may not be aware of. Therefore, in the absence of a critical illness policy, these are unpredictable conditions that have the potential to deplete all of your savings in a single payment.

Disability cover -
A critical illness plan can cover the costs of such disabilities that may occur to you due to unwelcome accidents, even though the physical disability cover is a separate policy to pay for the costs arising from it. Some critical illness plans also cover the costs associated with total or partial deafness, eye defects, etc., which cannot be prevented. These illnesses can be expensive to treat, and such insurance can help in this case.

Increase in Costs of Treatment -
As a result of hospitals acquiring new equipment each year to treat patients, treatment costs for all diseases are quite high. The individual is further confined to their home and cannot work for an extended period when they have a critical illness. When this happens, it can sometimes be hard to pay for the necessities of daily life, especially if there is no insurance to cover the cost of the treatment. As a result, in these situations, critical illness insurance can be purchased.

Cost-effective -
An illness insurance plan can be purchased for a significantly lower premium than standard health insurance. It is because, while a critical illness insurance plan only covers specific conditions, a typical health plan covers multiple diseases.
For more details, visit :https://www.einsured.ca/critical-illness-insurance/