They are two totally different policies. Critical Illness pays if you are diagnosed with a critical illness such as heart attack or stroke or other critical illness. A disability policy covers you if you are unable to perform your job due to an accident or illness. It will pay a percentage of your income for a specified period.
Critical illness insurance pays a lump to the person who is diagnosed with a serious, life threatening illness. The benefit received is set by the stipulations in the policy.
Disability Insurance pays a percent of one's income to them on a regular basis if they are unable to work due to a disabling illness or injury. The amount is based on the salary they received before becoming disabled and lasts for as many years as was stipulated when the policy was purchased.
Critical illness policies make cash payments to the insured upon diagnosis and for treatment of a specific list of covered medical conditions: cancer, heart attack, stroke, major organ failure, etc. The policies make payments regardless of whether the individual is able to work.
Disability insurance policies make cash payments to the insured during the time the person is unable to work. Disability insurance covers accidents, and a broader range of illnesses.
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Disability Insurance pays a percent of one's income to them on a regular basis if they are unable to work due to a disabling illness or injury. The amount is based on the salary they received before becoming disabled and lasts for as many years as was stipulated when the policy was purchased.
Disability insurance policies make cash payments to the insured during the time the person is unable to work. Disability insurance covers accidents, and a broader range of illnesses.