Critical illness cover is a special type of insurance policy. This insurance policy is a very practical option in the highly advanced world we live in today since no one can actually predict when certain things can happen to us. This type of policy is such that the policy holder periodically pays the insurance company an amount of money, then when the policy holder is diagnosed with a critical illness the insurance pay an amount of money to the policy holder.

To enjoy this service one must first register with a reliable insurance company. However, before one obtains such a policy, one should check out all the offers being given by various insurance companies and make a proper comparison. There are many online sites that give users the ability to have critical illness insurance quotes. A critical illness cover quote allows one to be able to compare the policies that the various insurance companies have to offer regarding critical illness.

There are many conditions that are to be met for the policyholder to enjoy the benefits of critical illness cover. For instance it is not any type of illness that qualifies for cover as a critical illness under critical illness insurance. Heart attacks, strokes, and cancer are some of the few illnesses that most critical illness insurance companies accept as critical illness. Other illness depending on the severity of the condition may also qualify.

Apart from the type of illness, there are some other terms and conditions that are also important. These terms and conditions or regulations are contained in the contract between the policyholder and the insurance company. One such an important stipulation is what procedures and diagnosis of a critical illness is accepted as valid. These may vary from one insurance company to another and can vary significantly with respect to the acceptance of diagnosis.

Some companies have requirements such as that a specialist or an expert in the area of the diagnosed illness must confirm or make the diagnosis. Other factors such as how severe the illness is, whether it is terminal or not. Further considerations include the approach and method of treatment of the particular illness and whether it would entails surgical procedures or requires the involvement of more specialized physicians.

In addition, when you were first diagnosed is a very big factor that would be considered since most of the insurance companies have a specified number of days known as ” the survival period” that the policy holder must survive suffering the illness before enjoying the benefits of the critical illness cover. The number of days varies but is usually between 28 and 30 days. In some countries such as the UK all the requirements have been standardized.

The benefits that can be derived from a critical illness cover are numerous. For instance depending on the type of plan that was chosen by the policyholder, the insurance company can pay a lump of money to the policyholder. Moreover, they can pay up to an amount of the treatment costs and in some instances a specific amount is paid to the family of the policyholder in the event of death as a result of the critical illness.

There are many critical illness insurance quote policies that pay the hospital or health facility that treat the policyholder directly for the treatment, saving the policy holder the trouble to deal with hospital, and doctor bills while recovering.

Author's Bio: 

If any body feel critical illness then he should choose any critical illness cover quote, it will be very helpful for any body.