Critical Illness Insurance

What is Critical Illness Insurance?

What is covered in CI?

Do I have to go for medical?

Can I get Critical Illness if I had already suffered Critical Illness?

Can I get my money back?

Critical illness insurance provides lump sum tax-free cash payment to the insured upon diagnosis of a covered illness after specified waiting period, which is typically 30 days.

Critical illness insurance is offered for different term lengths. You can purchase CI benefit for 10 or 20 years, or to age 65, 70, or 100.

Critical Illness insurance policies have “Refund of Premium” options available that reimburse 100% of your premium if you have not used the benefit.

Time of refund of premium is not same in all insurance companies. Some insurance companies can provide refund of premium after 10 or 15 years while some insurers will have this option available at age 65 or 75.

Premium Refund option is also available in the event of the death of the insured.

Premium is based on your age and health condition. Medical questions in the application has to be answered. Further medical test request can be made by insurnace company. Family health history has an important impact on decision making of the medical underwriting for Critical Illness insurance policy.

Conditions Covered in Critical Illness Insurance


Coronary bypass

Heart attack


Alzheimer disease

Aortic surgery

Benign Brain tumor




Heart Valve replacement


Kidney failure

Loss of limbs

Loss of speech

Major organ transplant recipient

Major organ transplant waiting list

Motor neuron Disease

Multiple Sclerosis

Occupational HIV injury


Parkinson’s disease

Severe burns

The insurance contract can provide the details of the policy you purchase, but be sure to go over the options and definitions with your insurance agent or representative first.

Call (905)568-1676 or email at for Quotation