Critical Illness Insurance is not the same type of policy as PPI (Payment Protection Insurance). Critical Illness Insurance pays a lump sump to the insured person if the Insured suffers a qualifying illness or health condition.
PPI makes payments for a mortgage or large loan if the insured person is unable to work due to an accident, illness, or losing their job. It might also pay off the loan if the insured person dies due to that condition.
Critical Insurance in the United States is not PPI. The United States does not have Payment Protection Insurance, per se. There are life insurance policies sold with some mortgages and loans that would pay off the loan in case of death, in the US. Critical Illness insurance pays the insured person a lump sum so that they can pay their debts as they see fit.
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PPI makes payments for a mortgage or large loan if the insured person is unable to work due to an accident, illness, or losing their job. It might also pay off the loan if the insured person dies due to that condition.