Critical Illness Insurance and Medical Insurance are different in terms of coverage and functionality, the Insured Person can therefore possess Critical Illness Insurance and Medical Insurance at the same time.
Medical Insurance normally covers the medical costs of the Insured Person during hospitalization, which is subjected to the actual medical expenses only. Medical Insurance is not able to cover the risk of losing your job and the cost of living before your recovery.
Critical Illness Insurance aims at providing a one-off cash benefit to the Insured Person if they are diagnosed with critical illnesses such as cancer, heart attack, stroke etc., The idea of critical illness insurance is to protect the Insured Person's original income that is affected during the period of illness.