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

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