What is critical illness cover?

Would you & your loved ones struggle to keep up with normal expenses if you were to become seriously ill?

Critical illness cover could pay out a cash sum if you were to suffer a serious illness or total permanent disablement, such as heart attack, cancer or stroke. The payout could help cover things to help keep your finances in check..

Serious illness can happen to anyone at any age, and can adversely impact on  the whole family's mental & physical well-being. Make sure that you and your family are financially protected if you become critically ill.

Critical Illness Insurance often comes as an optional addition to a Life Insurance policy, but can also be purchased on its own.

Things to remember ...

  • The cost of critical illness will depend on your individual circumstances, such as your age and whether you smoke or not.
  • It also depends on how long you'd like your insurance to run for, and the amount of cover you choose.
  • Policies usually only pay out once, so they don’t replace your regular income.
  • You can use the money towards medical treatment, your mortgage or anything that matters to you.

Overview

Benefits

Critical Illness Insurance can cushion you & your family from financial stress if you are diagnosed with critical/serious illness.

Cost

The cost of critical illness will depend on your individual circumstances, such as your age and whether you smoke or not.

Payment

It’s entirely up to you how much cover you need, so you have flexibility to choose an amount that’s right for you.

FAQs

Who is it for?

The insurer will pay a lump sum if policy-holder survive after diagnosis of a condition that meets its policy definition.

 

Which illnesses are covered?

Insurer only cover the critical illnesses defined and listed in its policy and no others. This list will vary depending on the insurer, as will the exclusions for making a claim. 

 

Why is it important?

The money can be used in any way you like – to help pay a lump sum off your mortgage, enable you to stop working, or buy private medical care.