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.
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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Plugging insurance protection gaps
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