Critical illness insurance plans help supplement some or all of the cost left by traditional insurance policies. Generally, benefits are paid directly to the insured, so you can use the money for paying medical bill left by your deductible and coinsurance or just use the money to stay afloat while recouping from your illness. Typically, these policies make a lump sum cash payment to the policy holder upon first time diagnosis of the critical illness.

Common Illness covered by Critical Illness insurance
• A major organ transplant (e.g. heart, lung, liver, pancreas)
• Alzheimer’s disease
• Blindness of one or more eyes
• Cancer (internal)
• Deafness of one or more ears
• Heart attack
• HIV/AIDS contracted by blood transfusion or during an operation
• Kidney failure
• Multiple sclerosis
• Paralysis of limb or limbs
• Parkinson’s disease
• Stroke
• Terminal illness