Critical Illness Insurance

Life is unpredictable and one must be prepared to face it.  Good moments in life are always accompanied by the difficult ones.  One enjoys the good times and does not think about any unforeseen circumstances that are likely to happen and hence there are times when one is unprepared to face life.

The biggest uncertainty in a person’s life is health and the toughest times are those when you or any of your family members is suffering from a critical illness.  A family with no insurance or a limited insurance which is also just not enough to pay off the bills is subjected to most critical risks during these times.  In such cases it is every penny going out of your home without any help coming in!  This justifies the reason why a Critical Illness Insurance is a must have at every home.

But what prevents us from going for a critical health insurance?  One would simply be the fact that there is a clear lack of understanding amongst the people about what a critical illness such bacterial meningitis, brain tumor or a leukemia may be.  And secondly, even when one hears or reads about it, these are actually not matters which we want to give time to think or acquire information about.

As a rule, it is necessary for every family to have themselves covered under health insurance.  Now that seems to be the simple one.  However is critical illness insurance a simple one too?  The answer is NO.  For finding the right critical illness insurance cover one needs to invest loads of time and do complete research.  The basic reason behind this is the fact that finally the insurance company is going to pay the insured a lump sum tax free amount immediately after any such critical illness is identified.