Critical Illness Insurance is generally not considered a taxable benefit. However, the tax treatment of Critical Illness Insurance can vary depending on the specific circumstances and the country in which you reside. In general, if you pay the premiums for Critical Illness Insurance with after-tax dollars, any benefits you receive from the policy are typically tax-free. This means that you do not have to report the benefits as income on your tax return. However, if your employer pays the premiums for the policy or if you receive the insurance as part of a group plan, the tax treatment may be different. In some cases, the benefits may be taxable as income. It's important to consult with a tax professional or review the specific tax laws in your country to determine the tax implications of Critical Illness Insurance in your situation.