Critical Illness Cover
Protect yourself and your loved ones from the financial impact of unexpected illness or injury with critical illness insurance.
If you are diagnosed with a serious illness, critical illness insurance provides a lump sum payment to cover medical expenses, repayment of debt, necessary changes to your home, or any other financial burden that may arise during your recovery. Most policies typically cover life-threatening conditions such as cancer, heart attack, or stroke. This type of insurance can be especially valuable if you are the primary breadwinner for your family.
Financial protection
If you are diagnosed with a covered illness, you will receive a lump sum payment that can help cover the cost of medical bills, treatments, and other expenses.
Peace of mind
Critical illness insurance provides financial protection for you and your family in the event of a serious illness diagnosis.
Flexibility
Cover can be tailored to suit your individual needs and circumstances. You can choose the level of coverage that you require, and you can use the payout for any purpose.
Why use a Financial Adviser to take out an insurance policy?
Frequently Asked Questions
Most critical illness cover typically covers a range of serious illnesses such as cancer, heart attack, stroke, and organ failure, although the types of illnesses covered can vary depending on the insurance policy.
The appropriate level of coverage for your individual circumstances depends on factors such as your income, expenses, and existing insurance cover. Working with a qualified financial adviser is important to determine this.
The coverage of pre-existing conditions in critical illness cover depends on the specific policy and the nature of the condition. It is crucial to disclose any pre-existing conditions when applying for critical illness cover to avoid claim denial later on. The policy terms and conditions should also be carefully reviewed to understand the available coverage for pre-existing conditions.
