What is critical illness cover?
It's an insurance policy that pays out if you're diagnosed with a critical illness during the lifetime of the policy.
Not all critical illnesses are covered though. The amount and type of illnesses covered can vary depending on the company (some cover over 40 illnesses, whilst others cover fewer). To find out exactly what isn't covered, you'll need to read the terms and conditions of your chosen provider, and if in doubt just give us a call.
If you're interested in buying a critical illness policy, simply select to include it when you get a life insurance quote.
What's classed as a critical illness?
What companies define as a critical illness can vary. Policies commonly cover heart conditions, some forms of cancer or kidney/liver failure. Other conditions that could be classed as critical illness include:
- Major organ transplant
- Parkinson's disease
- Traumatic head injury
- Bacterial meningitis
This list isn't exhaustive, and not all companies will cover all of these, so it's important to check policy details to see the full list of illnesses covered.
Being diagnosed with a critical illness is a life-changing ordeal, you may have to give up work completely and need round-the-clock care. Having cover in place, means if you're diagnosed with a critical illness covered under your insurance plan, you could make a claim. Any money paid out from a critical illness claim could be used to help maintain your standard of living, and if needed, pay for healthcare.