Critical illness insurance is a relatively new form of protection that provides money while you are still alive. It has tremendous flexibility if you become critically ill because there are no requirements for how you spend the lump-sum benefit that you receive. You don't have to get approval for expenditures, provide any receipts, or even use the lump-sum benefit to pay for medical expenses.

Critical illness insurance provides you with a lump-sum payment to be used however you see fit. If you want to try alternative therapies, be treated outside of the country, hire someone to take care of you, or hire a nanny to take care of your children ... you choose how to spend your money. Critical illness insurance covers specific illnesses only. 

Critical illness plan provides a way of helping to protect yourself against the high cost of rebuilding your lifestyle following a critical illness. It offers a lump-sum payment while you are living which usually becomes payable 30 days after the diagnosis of one of the critical illness insured conditions as defined in the policy. How you use it is up to you.
Some of the Critical Illness Insured Conditions

Alzheimer's Disease 
Aplastic Anaemia
Aortic Surgery
Bacterial Meningitis
Benign Brain Tumour
Coronary Artery Bypass 
Heart Attack
Heart Valve Replacement
Life-Threatening Cancer 
Kidney Failure 
Loss of Independent Existence
Loss of Limbs 
Loss of Speech 
Major Organ Transplant
Motor Neuron Disease 
Multiple Sclerosis 
Occupational HIV Infection
Parkinson's Disease 
Severe Burns 
Surgery Advance Benefit
Provides you with an advance of up to $15,000 on the critical illness benefit if you are diagnosed with a critical illness as defined in the policy and require surgery as a result of the critical illness.

Illness Assist Benefit
Provides you with a lump sum benefit of up to $25,000 if you receive a written diagnosis for one of these forms of cancer:
Ductal Breast Cancer
Early Prostate Cancer
HIV Related Cancer
Superficial Malignant Melanoma 

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Critical Illness