It is good that you have decided to take life insurance policies.  The life insurance policy like the critical illness policy will give coverage for you and for the entire family.  But before choosing one you should obtain the quotes that specify the premium to be paid from various insurance companies.  Once you have got the quotation, go through thoroughly and compare the quotes and also the benefits each policy gives before arriving to a conclusion.  Various insurance policies provided by the companies are life insurance, health insurance, vehicle insurance, accident insurance etc.  Now we are going to discuss only about health insurance that is the critical illness insurance.  

When an individual first applies for an insurance policy, he must undergo a thorough medical examination to prove that he is not a health risk.  The healthier the person, the more favorable will be the terms and conditions of the policy.  Unhealthy people are considered a health risk and in greater danger of contracting an illness or meeting with an untimely death.  In this case, insurance companies will have to pay the dues earlier than the maturity date and this could result in a loss for them.  If a person who is a health risk will find getting a life insurance policy is difficult or the premiums will be very high. 

If you do not want to undergo endless tests and examinations for fear that the results will increase the rates of your insurance policy, then you can go in for ‘life insurance no exam’, a policy with higher premiums but which does not require a medical exam.  The premium rate to be paid will be high as the insurance companies want to stay out of risk because these persons opting for a policy may face death at any point of time.  This policy is preferred by people who are chain smokers or who take alcohol regularly or people whose job is risky or people who participate in risky sport.
 
Now we will discuss the terms and conditions of the critical illness insurance policy.  Once an individual has signed to take this policy he will be asked to pay the premium amount in lump sum rather than periodically.  This is because the person will have poor medical records and if anything fatal happens to him the company should bear the expenses.  Moreover if the individual has to undergo any major operation or therapy, the insurance company assures of his medical expenses thereby helping him and relieving him from all anxieties.

Once the person undergoes treatment in the hospital the insurance companies will pay the critical illness insurance amount directly to the hospital.  Apart from settling these hospital bills it will also provide the policy holder an amount which he can use to take care of him daily if his earning capacity goes down. The critical diseases the policy covers are listed below:
- Heart Disease
- Stroke
- Cancer
- Malfunction of the Kidneys.
- Diabetes-Type II
- Coronary bypass surgeries.
- Multiple sclerosis
- Alzheimer’s disease
- Loss of limbs or hearing impaired
- Third degree burns
- Parkinson’s disease
- Major organ transplantation

The insurance that you take should make you feel relaxed rather than making you worried.  If you are holding the critical illness insurance policy from reputed organizations then you can be tension free for the amount incurred will be high and also they will not cheat you.  These policies will help your family members in settling your hospital bills rather than putting them in trouble.  Though the insurance policies are not going to protect you from any unforeseen illness but will help you when you fall sick.  A survey that has been conducted in U.K reveals that  around 17% of women and 20% of men are suffering from critical illness before they attain the age of 65.

This insurance is paid out within 28 days of the diagnosis.  The younger you are, the cheaper is the premiums on critical illness insurance.  While it is a personal choice, anyone with a family history of the above diseases will do well to consider taking this policy at a time when they can afford to pay the high premiums.  This policy is useful even for single people.  For if you live alone and contract a critical illness with no insurance coverage, you have to depend on family, friends or the state to take care of you.

Read the instructions carefully before taking a policy.  Compare the rates offered by different companies, cross check it and then arrive to a conclusion.  You should also verify the terms and conditions specified by each company and choose the company that matches you.  Moreover all policies will not cover critical illness.  If there are illness hereditary like breast cancer, diabetes in your family then see to that they are covered in the policy that you have chosen.  The insurance which you take will never go waste and is necessary that everyone should choose to take one.