Are Fixed-benefit Critical Illness Plans Better than Indemnity-based Plans?
Moneylife Digital Team 15 January 2021
Critical illness policies are designed to be useful when a person is struck with a life-threatening illness. Usually, these illnesses have huge treatment costs and bring a change in lifestyle too. Regular health insurance does pay for the treatment costs and post-hospitalisation expenses up to an extent, but the sum insured (SI) may be insufficient to manage all costs. That is why insurance...
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