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Under a critical illness insurance plan , the insured individual receives an amount (as specified in the policy) upon being diagnosed with any of the illnesses covered by the policy.
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What is critical illness insurance?
Critical Illness Insurance is a critical health insurance policy that provides a one-time payment if a specified critical illness such as cancer, heart attack, or stroke is diagnosed. This amount can be used for medical treatment, domestic expenses, repayment of loans or financial obligations.