There are large numbers of insurance plans out in the market, one of the most sought after one is the critical illness cover. This is simply because nobody wants to take chances when it comes to health. Thus they do not hesitate to give a small amount annually which can become a lump sum when needed at time of emergency. Those who think that they have enough bank balance and they can face any situation in life may be loosing a decent opportunity. This cover can be taken in the family package where all family members are covered.
Some people try to do fraudulent with the insurance companies. They know that they are suffering from a life threatening disorder, but they do not reveal. Usually 90% of these cases are caught while the medical check up, but some of them can pass the test and then they claim for the money in no time. This is why medical companies have ties up with insurance companies to ensure fair play in this sector. This cover can also be taken with over-50 life insurance. Once you are diagnosed with the ailment you will be paid. You have to get medical assistance from the prescribed medical institutes only