Debunking myths: The truth about critical illness insurance

economictimes.indiatimes.com:

This fixed-benefit healthcare policy or plan covers specific ailments and pays a lump sum amount to the policyholder. The policyholder can use the payout to pay for his/her medical expenses and non-medical expenditures, such as children’s fees, day-to-day living expenses, etc.
So, does a critical illness cover offer coverage for all forms of cancer? Will the person receive the payout as soon as you make a claim? Here are some common misconceptions about critical illness insurance and some clarifying facts..

Critical illness insurance: Myths vs. facts

Some common myths and facts associated with critical illness insurance policies are listed below.

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