Critical Illness Insurance FAQs
What is critical illness and why do you need it. Find out with our critical ilness FAQs.
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What is critical illness insurance?
This insurance provides a lump sum on diagnosis of a specified critical illness, or if you become totally and permanently disabled during the cover period. The policy has no cash-in value at any time, including if you live until the end of the term.
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How are critical illness premiums calculated?
The cost of critical illness cover depends on two factors: how much cover you want and how long you want it for. Your age, sex, occupation, health and smoking habits are taken into account.
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When would the policy pay out?
This insurance provides a lump sum on diagnosis of a critical illness during the cover period and survive for a minimum specified period (usually between 14 and 28 days). It will also pay out if you become totally and permanently disabled within the cover period.
