What is a critical illness health plan?

A critical illness plan is designed to provide coverage against critical illnesses. It offers a lump sum payout to the insured in case of a critical illness, these include cancer, heart attack, and stroke. Insurers have a list of critical illnesses covered under their policy. If you are diagnosed with a listed critical illness, then you will receive a payout from the insurer. Let us take a look at some of the benefits of a critical illness plan.