Why do policy cost twice more when you include Critical Illness coverage.

Because when you buy a medical card with 1 mil annual limit, you are not likely to claim 1 mil medical expenses claim in a single year, or even over entire lifetime.
 
But when you buy a 1 mil CI coverage, and you are hit by CI 6 months from now, insurer need to pay you 1 million immediately. 
 
So which incident poses higher financial risk to the insurer, Pavanjit?
Think along the line ' there's really no free lunch in the world' :)

There's a point there. However if Medical Card is bought with Life insured for 500k costs 300 but why if you add CI to the policy then it's costs 600 while the CI insured value is only 250k? I get your statement above about the pay out. However the fine print's always change and the payout of certain CI's are only a percentage one time payment and that's it.

Let's say for example I obtain a Medical Card with Life and CI policy at an early age. I then obtain early stage cancer 5 years from the policy enforcement date. The CI payout amount would not be 100% for some insurer's and also there will be no more benefit of the CI for the remaining years of the policy.

Is it still worth double the premium when the coverage would be half of what the life is insured for? Once the CI is paid, the policy would not be worth the the premium being paid unless like you said the pay out is 100% because that's what you signed the policy up.

Pavanjit
 

1. Help us understand this more from your perspective from when say, by elaborating further: ' the fine print’s always change and the payout of certain CI’s are only a percentage one time payment and that’s it'
2. Which exact product you are referring to? So we can answer you in better context.
3. re: cost ~ accelerated normal CI is the cheapest, next is additional normal CI. What's even more expensive is early or/and multi CI, which is usually an advanced version of additional CI. We reckon you are aware of this?
4. there's no clause in any policy preventing you from reducing the premium after a CI payout
5. frankly whether it's worth or not depends on your needs and budget. And also a question of your perspective. Example, if someone earn 250k/year, then paying CI premium for 12k (5% of 250k) to insure yourself for loss of income in 1 year is what I'd consider - "why not?".  However, for someone earning 50k/year, paying 12k (25% of 50k) to get 250k CI cover is not only 'not worth it' but it's too exorbitant and borderline ridiculous. Then again, why would someone earning 50k/year want to cover for 250k CI? That's just unnecessary.

Further questions?