Before we get into the specifics of Manulife Lifecheque Basic Critical Illness Insurance, let’s first make sure you know what critical illness insurance actually is.
Critical Illness Insurance is a type of health 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.
In a nutshell, critical care insurance is there to make sure that you can afford care, medical equipment, make your payments if you’re unable to work, and much more in the event of a sudden unexpected illness or injury.
Lifecheque Basic is one of the Manulife’s best critical illness insurance product under the health insurance category. With this plan the insurer will receive a tax-free, lump-sum benefit after satisfying the 30-day waiting period if the insurer diagnosed with life-threatening cancer, heart attack, stroke, coronary artery bypass surgery, or aortic surgery.
Critical Illness could make it difficult for you to take care of your basic needs and expenses. With Lifecheque Basic Critical Illness Insurance, you can focus on your recovery and be sure that your basic needs and expenses are covered.
Help protect your finances when critically ill with Lifecheque Basic Critical Illness Insurance
If you’re diagnosed with a critical illness, You and your family may enjoy the benefits of Manulife Lifecheque Basic Plan by covering both your usual and additional expenses so that you can focus on your treatments. Besides the benefits obtained from the plan, it can be used for several other purposes such as extra expense management, debts, and mortgage payments, and for business purposes.
This popular plan has several benefits outlined below: