What’s the difference between Term Critical Illness insurance and Savings-linked Critical Illness insurance?

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Term Critical Illness insurance is a pure protection product that focuses on providing coverage when critical illnesses is diagnosed within a specified period. Its premiums may be adjusted with age or upon renewal. Savings-linked Critical Illness insurance, on the other hand, combines protection with potential returns. If the insured person does not make a claim during the premium payment term, they can choose to surrender the policy at the end of the term and receive a cash value. However, for the same sum assured, Savings-linked Critical Illness insurance is generally more expensive. Click here to learn more