A serious health event like cancer, a heart attack, or a stroke can shake both life and money. Even with good health insurance, there are extra costs and lost time. Critical illness insurance can be the cash shield that keeps your savings intact.

What is it?

Critical illness insurance gives a lump sum payment if you are diagnosed with a covered condition. The funds go directly to you, not to a hospital, allowing you to decide how to use them.

Why may health insurance not be enough?

Your plan handles doctors and hospitals, but you may still face deductibles, coinsurance, travel for treatment, child care, a spouse taking unpaid time off, or a higher grocery and utility bill while you recover. A lump sum gives breathing room.

How does the lump sum help?

Think of three buckets:

1. Medical gap — Deductibles, copays and meds.
2. Life costs — Mortgage or rent, child care, gas and food.
3. Recovery extras — Travel to a specialist, home changes or a second opinion. Cover these without dipping into your emergency fund or retirement.

Picking a policy

Review the conditions covered, payout amount, any waiting or survival periods, and whether the plan provides coverage if the illness returns. Ensure the benefit size aligns with your actual costs, aiming to cover your yearly out-of-pocket limit and a few months of living expenses.

Fit it into your plan

If you already have health insurance and life insurance, critical illness sits in the middle. It is not a replacement for either one. It’s a focused tool for the worst health days, helping you protect the savings you worked hard to build.

Simple next steps

List your monthly bills, add your plan’s out‑of‑pocket maximum and set a target lump‑sum amount. Choose a policy that is clear, affordable and easy to claim.

Serious illness brings stress. Your money plan does not have to carry it all. Critical illness insurance provides fast, flexible cash, allowing you to focus on care, maintain your household stability and save for the future you've planned.