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Critical illness
Meaning
Noun
●
In Insurance:
Insurance that
pays out
a
lump sum
benefit
on the
diagnosis
of a
serious
(life-threatening)
illness
in the
life assured
within the
term
of the
policy
, and nothing on
death
or
healthy
survival
to the
end of
the
term
.
Sourced from
Wiktionary
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