What is considered a critical illness in an insurance policy?

A critical illness in an insurance policy typically refers to a severe medical condition that can significantly impact a person's health and financial stability. Commonly covered illnesses include cancer, heart attack, stroke, and major organ failure. These policies provide a lump-sum payout upon diagnosis, helping to cover medical expenses, lost income, or other costs associated with treatment and recovery. The specific illnesses covered can vary by policy, so it's essential to review the terms and conditions of the insurance plan.