What is Critical Illness Cover?

Critical Illness Cover is a protection policy that pays out a tax-free lump sum if you are diagnosed with a serious medical condition listed in the policy. This payout can help ease the financial pressure while you focus on treatment and recovery.
 

Why is Critical Illness Cover Important?

A critical illness can affect anyone at any time and may stop you from working for an extended period. 

This cover helps you:
 

• Replace lost income while you're unable to work

• Cover mortgage or rent payments

• Pay for private medical treatment or rehabilitation

• Adapt your home or lifestyle if needed

• Maintain your family's standard of living during a difficult time

Who Should Consider Critical Illness Cover?

Critical Illness Cover is worth considering if you:
 

• Have a mortgage or other significant financial commitments

• Have children or dependents who rely on your income

• Are self-employed or don’t have access to employee sick pay

• Want peace of mind that you’ll be financially supported during a health crisis

How Does It Work?

You choose your level of cover and policy term
Pay a monthly premium to keep the policy in place
If you’re diagnosed with a condition covered by the policy (e.g. cancer, heart attack, stroke), you receive a lump sum payout
The money is yours to use however you need, with no restrictions

What Conditions Are Covered?

Each insurer’s list varies, but commonly covered illnesses include:

Cancer (of a specified severity)
Heart attack
Stroke
Multiple sclerosis
Major organ transplant
Kidney failure
Certain neurological conditions
Some policies also include children’s critical illness cover as a standard benefit.
 

Key Benefits of Critical Illness Cover
 

• Provides financial support at a time of serious illness

• Helps you cover bills, debts, and medical costs

• Allows you to focus on recovery without money worries

• Can be added to life insurance for comprehensive protection