Like in case of critical illness benefit plan, the entire sum insured amount is paid in lump sum on first diagnosis of the any one of the listed critical illnesses. (hdfcergo.com)
Whereas, in case of critical illness policy, there is a 3 months general waiting period and the illness diagnosed in this period is not included in the cover. (policybazaar.com)
For cases of critical illness, this is generally now a free living benefit offered by most companies, but each company defines benefit payouts differently. (policyzip.com)