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.