What critical illness cover actually covers
Critical illness cover covers a lump sum on diagnosis of a listed condition, paid regardless of what the treatment cost.
The cover in plain terms
A lump sum on diagnosis of a listed condition, paid regardless of what the treatment cost.
What it does not cover
Every policy has exclusions, and they are the part worth reading twice. Look specifically for waiting periods, sub-limits, co-payment clauses and anything described as "reasonable and customary charges" — that phrase is where claims shrink.
Where it sits in the family plan
Insurance is not an investment and should not be judged like one. Its job is to stop one bad event from undoing years of saving. Buy for the catastrophe you cannot fund yourself, and self-insure the small stuff.
Where FamTally comes in
FamTally holds every policy the family has — critical illness cover included — with sum assured, premium, frequency, renewal date and the members it covers. It totals your cover so gaps are obvious, puts premiums into your monthly cashflow, and reminds you ahead of each renewal. Free to use.
Stop doing this in a spreadsheet
FamTally keeps your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and answers questions about your own numbers. Free, and built for Indian families.
Start freeQuestions people ask
What does critical illness cover cover?
A lump sum on diagnosis of a listed condition, paid regardless of what the treatment cost.
How much cover should we take?
Two to three years of income, because the real loss is the earning gap and the lifestyle changes, not just the hospital bill.
What happens if it lapses?
Annual, with a survival period clause worth reading before you assume you are covered.