123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Insurance >> View Article

Critical Illness Insurance A Through Look Into It

By Author: Salvatore Andrea
Total Articles: 6261

Most people consider life insurance as the security of their life and they are nowhere wrong in their thinking. However, there are other areas that are equally important. There may be instances of people falling ill and are unable to work. There may be huge hospital bills that will have to be paid. On such occasions a bit of monetary relief will be the need of the hour. A typical example of such an occurring is critical illness. It is a sudden serious mental or physical injury. It can keep people out of work for a lengthy period. Hence, there is always the need to look into the issue of critical illness insurance. Also referred to as trauma insurance the insurer will pay a lump sum payment in case the insured is diagnosed with any of the critical illnesses mentioned in the policy.

However, as policy holder before one receives the money he/she will have to go through the survival period. This period varies from company to company. On most cases it is 14 days. In Australia it varies anywhere between 8 to 14 days. This insurance product saw the light of the day in South Africa On 6th October 1983 the first such product was launched by DR Marius Barnard. It was referred to as the dreaded diseases insurance. In those days only four illnesses were covered. They were heart attack, cancer, stroke, and coronary artery bypass. However, with the passage of time more and more diseases were included.

Hence, people can also seek protection from blindness, deafness, kidney failure, paralysis of limbs, terminal illness, and a host of other such sufferings. Insurance companies worldwide have offered people protection against critical illness. Hence, if one is based in Australia and is on the lookout for trauma insurance australia boasts several insurance companies who offer protection. However, it is important to look into the exact nature of illnesses mentioned before signing the application form.

Total Views: 39Word Count: 324See All articles From Author

Insurance Articles

1. Health Insurance Company
Author: Kent Pinkerton

2. Compare Health Insurance Online & Plan For The Emergency Room
Author: Muhammad Waqar Asghar

3. The Best Mortgage Advice Liverpool
Author: sylver

4. Professional Mortgage Advice Liverpool
Author: sylver

5. Mortgage Advisor Leeds Makes The Process Of Mortgage Quick And Easy
Author: sylver

6. Help From A Mortgage Broker Sheffield
Author: sylver

7. Car Insurance Best Rates
Author: Mike Hearn

8. Few Tips To Remember Before Buying Insurance From Private Companies
Author: Money Classic Research

9. Personal Insurance Is Significant In Dubai
Author: Omega Insurance

10. Education In Dubai Might Increase But Not To Those Who Invest In Child Education Plan.
Author: Omega Insurance

11. Peach Injury - Medical Lien Services
Author: Peach Injury Network LLc

12. 6 Tips To Follow To Get Cheap High Risk Auto Insurance
Author: Victor Cano

13. Welcome Aboard To International Travel
Author: James

14. Choose Best Home Insurance Company In California And Find A Best Home Insurance Policy
Author: caleagleinsurance

15. 3 Facts That You Must Know About Freight Factoring Services
Author: Husam Jandal

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: