Critical Illness Insurance is there to provide lump sum if you are diagnosed with a critical illness or need to undergo a specific major medical procedure.
The cover is for specified illnesses and procedures, and provides you with a one-off payment in the event of a diagnosis, or surgery or treatment.
A person covered by the policy may be better placed to manage the financial consequences of long-term absence after diagnosis of a critical illness, leaving them able to focus on making a good recovery.