Critical illness insurance provides a lump-sum payout if you are diagnosed with a covered life-threatening illness, such as cancer, heart attack, or stroke. Unlike health insurance, it helps cover income loss, EMIs, follow-up medicines, and second opinions. Dittoās preferred route is a solid health insurance plan plus a term insurance with a critical illness rider. For example, Axis Max Life Smart Term Plan Plus offers a ā¹20 lakh critical illness (CI) rider covering 64 illnesses, with a …
