Why is critical illness required when the normal health insurance covers most hospitalization? is there a need to spend additional on critical illness

[sush]

Why is critical illness required when the normal health insurance covers most hospitalization? is there a need to spend additional on critical illness

They say critical illness covers 20 odd diseases but if someone suffers a heart attack or coma etc normal health insurance also covers the bill then why should we spend more rather than use that money for a higher insurance cover

Please explain. would be very helpful

[>take]

Check here it discussed in this article: http://www.policywala.com/why-should-you-have-both-health-insurance-and-critical-illness/

Also read: http://www.policywala.com/things-you-should-know-before-buying-critical-illness-insurance-plan/

[Prasad]

Critical illness policy is dedicated to major diseases like organ transplants, cancer, etc. Medication costs are higher for these types of illness and therefore a higher premium. The time taken to cope from such illness can be long with frequent check ups and followups. The higher cover provided by this type of policy helps you in the long run without disturbing your savings and other expenses.

The benefits depend on the addons you choose along with policy, also sometimes lumpsum compensation is given on detection of a critical illness.