When considering a critical illness policy, it is important to assess several key factors to ensure you select the right plan for your needs. First, evaluate the list of covered illnesses, as different insurers may have varying definitions and exclusions. Ensure that the policy includes major illnesses such as cancer, heart attack, stroke, kidney failure, and other serious conditions. Second, check the waiting period, as many policies have a specific timeframe before claims can be made. Third, consider the sum insured and whether it is sufficient to cover potential medical expenses and lifestyle changes that may arise due to a critical illness. Additionally, review the policy’s survival period clause, which often requires the insured to survive for a certain number of days post-diagnosis to qualify for the payout. Premium affordability is another crucial aspect; compare different plans to find a balance between cost and coverage. Lastly, read the terms and conditions carefully to understand any exclusions, renewal benefits, and claim procedures. Taking these factors into account will help you make an informed decision when purchasing a critical illness insurance policy.