When facing a serious illness, the last thing you want to worry about is the financial burden it brings. Critical illness insurance provides you with a vital safety net, offering financial support during challenging times so you can focus on what truly matters—your recovery.
Our critical illness insurance policies are designed to provide comprehensive coverage for a range of serious health conditions, from cancer and heart disease to stroke and organ failure. With a lump-sum payout upon diagnosis, you’ll have the resources needed to cover medical expenses, seek specialized treatment, and maintain your quality of life, even if unable to work.
Beyond the immediate financial assistance, critical illness insurance offers peace of mind, knowing that you and your loved ones are protected against the unforeseen. At Luminosity, we understand the importance of proactive planning for life’s uncertainties. Let us help you secure your health and wealth with our tailored critical illness insurance solutions.
Critical Illness Insurance FAQs
Critical illness insurance usually covers major illnesses such as cancer, heart attack, stroke, and organ transplants. Some policies may also cover conditions like Alzheimer’s disease, multiple sclerosis, and severe burns. It’s important to review the specific list of covered conditions in your policy, as coverage can vary significantly between insurers.
Critical illness insurance provides a lump-sum payment if you are diagnosed with one of the covered critical illnesses. This payout can be used at your discretion, whether to cover medical bills, pay for living expenses, or support your recovery process. The benefit is typically paid out after you survive a specified period following the diagnosis, known as the survival period, which is often 14 or 30 days.
Obtaining critical illness insurance with pre-existing conditions can be challenging, as insurers may exclude these conditions from coverage or charge higher premiums. Each application is assessed individually, and the insurer will review your medical history. Some policies might offer coverage but exclude specific illnesses related to your pre-existing condition. It’s crucial to disclose all relevant medical information when applying to avoid issues with future claims.