Critical Illnesses

Critical illnesses can catch anyone unawares. In recent years, the morbidity rates of critical illnesses such as cancer, strokes and heart disease have been rising with patients being diagnosed at a younger age. With advances in medical technology, many critical illnesses today can be cured if patients receive prompt treatment following early diagnosis. Bear in mind advanced medicines and new medications always come at prohibitively high costs.   Critical illness insurance serves as a shield of protection by providing adequate financial support for the fight against a disease. In the unfortunate event the insured is diagnosed with specified diseases, a lump sum payment will be paid. You can use this money as you like, e.g. to settle your medical expenses. It provides you access to medication without the worry of not being able to afford it.   In addition, you may lose your stable income from work during the treatment period. You can also use the compensation payment to cover living costs. It alleviates your financial burden and ensures that your family life remains stable and unaffected.   Many critical illness insurance plans in the market also feature multiple critical illnesses protection, providing compensation more than once. You can rest assured of continuous financial support in the event of disease recurrence.