Be in the know about critical illness plans

These are different from hospitalisation plans and help ease financial distress in health crisis

Hospital bills are covered by a hospitalisation and surgical plan. To qualify for a lump sum payout upon diagnosis of a critical illness, you have to buy a critical illness plan.
Hospital bills are covered by a hospitalisation and surgical plan. To qualify for a lump sum payout upon diagnosis of a critical illness, you have to buy a critical illness plan.PHOTO: ST FILE

Navigating through the wide variety of life insurance plans in the market can be a daunting prospect for many people.

Take health insurance. Although hospitalisation and critical illness plans have been around for decades, some people are still confused about their coverage and features.

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A version of this article appeared in the print edition of The Sunday Times on October 06, 2019, with the headline 'Be in the know about critical illness plans'. Print Edition | Subscribe