Critical Illness Cover is assurance that pays out if you are diagnosed with an illness specified within the policy. It is designed to help you adapt if your life is changed by an illness.
The illnesses covered by each policy will differ, so it is important to read the full details of the plan you are considering. The following illnesses are typical:
• Blindness – permanent and irreversible;
• Cancer – excluding less advanced cases;
• Coma – resulting in permanent symptoms;
• Deafness – permanent and irreversible;
• Heart Attack – of specified severity;
• Kidney Failure – requiring dialysis;
• Stroke – resulting in permanent symptoms.
Insurers may also exclude some illnesses because you already have them, or are likely to get them because of your health or lifestyle. The premiums are often reviewable, meaning they may change during the term of the policy; although, some providers offer fixed premiums that are guaranteed not to change.
Critical Illness cover is not designed as a replacement for your income.
No comments:
Post a Comment