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.
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