It depends on the type of plan and the amount of coverage. For simple or online plans, only a few health questions are required, and no medical exam is needed. However, higher coverage amounts may require medical tests or an examination during the underwriting process.

In most cases, if you pay the premiums with after-tax income, the lump-sum benefit from Critical Illness Insurance is tax-free. However, if the premiums are paid by your employer or through another structure, the tax treatment may differ. It’s best to consult a tax advisor for clarification.

The most common requirement is a 30-day survival period, meaning you must survive at least 30 days after being diagnosed with a covered critical illness to qualify for the payout. Depending on the illness or policy terms, additional waiting periods or conditions may apply.

Cancers that meet specific medical definitions and severity criteria are covered. However, certain types—such as superficial, non-invasive, or very early-stage cancers—may not be included unless explicitly stated in the policy.

It depends on the type of plan. Some policies are term-based (for example, 10 or 20 years, or until age 65 or 75), while others offer long-term or lifetime coverage. Always review the coverage duration and expiry age when purchasing your policy.

If a child’s critical illness leads to unexpected expenses or loss of family income (for example, when parents need to take extended leave), this insurance can provide valuable support. Some plans offer a lump-sum payment for children diagnosed with a covered condition. Additional benefits may include lower premiums at a young age and the option to continue coverage in the future.

Critical Illness Insurance (CII): Provides a lump-sum payment while you are alive if you are diagnosed with a covered illness and survive the waiting period. The benefit can be used for treatment costs, home care, daily expenses, or loan payments. Life Insurance: Pays a death benefit to your beneficiaries after your passing. These two types of insurance complement each other — critical illness coverage supports you during life and recovery, while life insurance provides financial protection for your family after death.

Yes. One of the main advantages of Critical Illness Insurance is that the lump-sum payment is made directly to you and is not restricted to medical expenses. You can use the money however you choose, such as: • Paying for medical treatments and medications • Covering home care or nursing services • Making mortgage or debt payments • Managing daily living expenses • Saving or investing for the future This flexibility makes CII an important complement to your other insurance and income protection plans.

Some Critical Illness Insurance plans include a Return of Premium option. If you don’t file any claims during the policy term, you may receive a partial or full refund of the premiums you paid. This feature lets you enjoy financial protection while knowing that, if you stay healthy, you could get your money back at the end of the policy.