Critical Illness Insurance complements ordinary health insurance by covering heart attack, stroke, cancer, and other catastrophic illnesses that generally incur greater-than-average medical costs. Unlike ordinary health insurance which pays on a reimbursement basis, Critical Illness Insurance pays a lump-sum amount at a certain percentage of the sum insured for each coverage category.

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You might want to consider purchasing Critical Illness Insurance because:

• It helps to combat medical inflation due to higher demand for private healthcare and more advanced technology.

• It protects against coverage gaps that High-end Medical Insurance and group healthcare plans cannot fill.

• You can insure your child against catastrophic illnesses that may arise from an early age.

Universal Life Insurance is a type of permanent life insurance that can be paid for with flexible premiums or a single lump-sum premium, and has a savings component known as the cash value. Such plans are ideal for individuals to preserve and transfer wealth using life insurance solutions.

Besides lifelong protection, Universal Life Insurance has the following benefits:

• Your cash value earns interest.

• You can adjust the death benefit that is paid to your beneficiaries.

• You can borrow or withdraw money from the policy's cash value.

• There are no tax implications for policyholders who borrow against the accumulated cash value.