Critical illness insurance

{
  "id": "MLC-T-INS-001036",
  "term": "Critical illness insurance",
  "field": "Insurance and risk management",
  "definition": "A type of supplemental health insurance that pays a lump-sum cash payment to the policyholder upon the diagnosis of a specific life-threatening illness listed in the policy. The policyholder can use the funds for any purpose, including medical expenses not covered by traditional health insurance, lost income, or modifications to their home. Covered conditions typically include heart attack, stroke, cancer, and major organ transplant, with specific medical definitions and survival periods.",
  "url": "https://mlchart.com/terminology/insurance/critical-illness-insurance/"
}