To protect our health comprehensively, should we opt for Term Critical Illness Insurance or Lifelong Critical Illness Insurance? To make an informed decision, you will first have to know their differences in nature and in coverage.
Purchasing insurance has always been a habit popular among Hong Kong people. Yet, with the wide variety of insurance policies available on the market, many are unable to distinguish the difference between medical insurance and critical illness insurance. Although they are similar in nature and both protect consumers’ health, their coverage and functions are significantly different!