What Is Group Critical Illness Insurance? 
Did you know that this type of policy was first created by Dr. Marius Bernard , in 1983 in South Africa ? Dr. Bernard has a famous brother Dr. Christian Bernard who preformed the first heart transplant . Dr. Bernard saw that his brother was saving lives but destroying them financially . Group critical illness insurance is a supplemental health insurance program which is essentially a pool of money that will be given to you in lump sums for various illnesses such as stroke , heart aliments , paralysis , severe burns etc. . Depending on your illness you can receive different amounts of that pool of money . As an example , you could buy an amount of $ 50,000 which you could receive the entire amount if you had a severe stroke or a portion if you have a heart attack . The point is that once you receive the entire $ 50,000 your policy would be cancelled as all benefit had been paid out . Is it a good policy to buy ? Well I own one , with the idea being to make up deductibles and co-pays , if I have a covered problem , which are n't paid by my health insurance policy . Some other reasons to buy are loss of income or a quick remodel of your home if you need to use wheel chairs to get around . 