Life and critical illness insurance

Survival Period and Waiting Period should be considered.

Survival Period: The essence of Critical Illness Insurance is to provide financial benefits upon diagnosis of a critical illness. To receive these benefits, a certain period must pass after the diagnosis of each covered disease.

Waiting Period: A waiting period of 90 days will be activated upon purchasing the insurance. No compensation will be provided for incidents occurring during this period. However, the waiting period does not apply to accidents defined as injuries to a body resulting from the impact of unexpected, visible, external forces.

A 90-day waiting period is activated upon purchasing the insurance. No compensation will be given for incidents occurring during this period. The waiting period does not apply to accidents, defined as deaths caused by sudden, visible, external forces.

If a doctor diagnoses you with a critical illness, you must notify us within 24 hours. The benefit amount will be credited to your personal bank account in one lump sum within 10 days after the diagnosis is confirmed and the survival period has expired.

Health insurance reimburses only the costs incurred directly for treatment. In contrast, critical illness insurance provides a lump sum payment that you can spend as you wish.

Critical illness insurance is a type of insurance that provides a lump sum payment in the event of a critical illness diagnosis.

The benefit amount can be requested by the heir or a previously named beneficiary. The funds will be credited to their account within 10 days after the confirmation of death.

Life insurance provides a sum of money in case of death, while critical illness insurance gives you a lump sum during your lifetime if you are diagnosed with a critical illness.

As insurance experts, we recommend considering both types of insurance, as they complement each other. For example, if you only have critical illness insurance and the illness results in death during the survival period, your family may be left without financial support. To address this, you have the option of purchasing combined insurance. The advantage of this product is that you will pay less than if you purchased the two coverages separately.

Generally, the younger you are, the less money you will have to pay. However, the cost also depends on the chosen insurance limit. Therefore, it is advisable to purchase insurance as early as possible and opt for a multi-year policy to avoid paying increased fees as you get older.