1. Benefit is paid at the diagnose of a covered critical condition 1. Benefit is paid when you are unable to work due to injury or illness
2. Tax–free lump sum benefit 2. Monthly Income replacement benefit
3. One-time payment 3. Regular monthly payments
4. Coverage for life is available in some policies 4. Coverage usually ends at age 65
5. Payout usually after 30 days waiting period 5. It varies depending upon your coverage
6. Critical Illness insurance is stackable 6. Disability insurance is not as benefits are integrated
7. Only pre-specified life threatening critical illnesses are covered 7. Any illness or injury that leads to loss of income are covered
8. Available to anyone willing to get a coverage 8. Available to Only Employed people