What is the benefit of critical illness policy?

What is the benefit of critical illness policy?
A critical illness insurance policy is triggered if you become diagnosed with and get treated for a stated illness for which the policy designated. An example would be a "cancer policy". It is not a major medical policy in that it does not come into play for generalized medical treatments or hospitalizations. Some major medical policies have limitations on treatments of various sorts like radiation in the case of cancer. Therefore, a cancer policy could provide benefits in excess of a major medical policy for those treatments.
The first answer is incorrect in that no insurance policy provides unlimited benefits. Therefore, a person having a critical illness policy cannot "spend as much money as needed." Was this answer useful?YesSomewhatNoThanks for the feedback! Edit Answer byRahul Ghosh Confidence votes 4 Critical illness policy lets you get admitted in hospital as wellas spend as much money as needed. Then you will be reimbursed bythe insurer.