Critical illness insurance is one of the most talked about insurance policies in today?s time. However, people tend to think that critical illness will not happen to them, especially when they are in their prime years and are far from the age of retirement. On the other hand, according to Singapore Cancer Society, a single day in Singapore will see about 41 people being diagnosed with cancer and 15 people dying from it. As a matter of fact, 1 in 4 people may develop cancer in their lifetime. Hence, it is imperative that you get coverage against critical illnesses by getting a critical illness plan. To help you with your financial planning so that you are covered against the unforeseen, this article attempts to understand how critical illness policies function in Singapore.