QYR Market Research Global Critical Illness Insurance market research | Page 3

QYResearch
• Critical illness insurance, otherwise known as critical illness cover
or a dread disease policy, is an insurance product in which the
insurer is contracted to typically make a lump sum cash payment
if the policyholder is diagnosed with one of the specific illnesses
on a predetermined list as part of an insurance policy.
• The policy may also be structured to pay out regular income and
the payout may also be on the policyholder undergoing a surgical
procedure, for example, having a heart bypass operation.
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