What is critical illness insurance?

Critical illness insurance

If you are diagnosed with a sudden illness, focusing on recovery can cause significant financial loss. Critical illness insurance provides a lump sum benefit should you become seriously ill. This infographic summarizes this insurance and lists some of the conditions that are commonly covered.

What is critical illness insurance?

Critical illness insurance helps cover the unexpected costs and potential loss of income associated with a serious illness.

This can include but is not limited to medicine, treatment, out-of-country care, travel, specialists and home accommodations.

Upon diagnosis and survival of the waiting period, you receive a lump sum cash benefit. There are no limitations on how you use the insurance proceeds.

Breaking down your coverage options

Options include:

Term 10
Term 20
Permanent to age 65, 75 or for life

Optional coverage you can add to your policy, also known as riders, include:

Return of premium on death and/or surrender
Second event
Loss of independent existence

What conditions are commonly covered?

Aortic Surgery
Acquired Brain Injury
Alzheimer’s Disease
Aplastic Anemia
Bacterial Meningitis
Benign Brain Tumor
Blindness
Cancer
Coma
Coronary Artery Disease (Requiring Surgery)
Deafness
Heart Attack

Kidney Failure
Loss of Limbs
Loss of Speech
Major Organ Transplant
Motor Neuron Disease
Multiple Sclerosis
Occupational HIV Injury
Paralysis
Parkinson’s Disease
Severe Burn
Stroke