Ans: When determining the appropriate amount of critical illness cover to purchase, a widely used method involves the following steps: Start by calculating your monthly household expenses and determine the financial gap that would arise if you were unable to work.
Next, multiply this shortfall by the duration for which you desire to receive support in the event of a critical illness, be it a specific number of months or years. This calculation will assist in determining the ideal level of coverage needed to provide adequate protection during such challenging circumstances.