Can you extend or increase your Critical Illness cover at a later date?

If you have a policy with a renewable option then yes, you can increase, or sometimes extend, your cover. If you do not have a renewable option then you cannot change your cover. These days only a few insurance companies offer policies with a renewable option.

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Should you have a “Guaranteed” or a “Reviewable” policy?: When a policy is first started Guaranteed policies have higher premiums than Reviewable policies - but in the longer period Reviewable policies generally work out more expensive.
How much does the critical illness cover cost?: The cost of a Critical Illness policy depends on the amount of cover you need, your personal details (especially your health and age) and the optional extras you select.
What is the difference between Critical Illness cover and Terminal Illness cover?: Critical Illness Insurance is much more comprehensive than Terminal Illness cover. 1 in 5 men and 1 in 6 women suffer a critical illness before their usual retirement age.
How will a critical illness claim be paid?: If you have a claim a Critical illness policy pays you a tax-free lump sum normally by cheque. Then, as soon as you receive the payment. the policy will terminate.
What if you develop another critical illness or have a reoccurrence of a Critical Illness ?: After a successful claim the insured sum will be paid to you and that ends the policy. There can be no further claims.

If your policy is renewable then this means that you can alter your policy's benefits but often only within specified limits. There may also be the ability to increase the sum insured or even add other types of insurance such as life cover. Sometimes these changes can be made without further medical reports.

If the policy is not renewable then you simply have to take out a replacement or additional policy. (If you apply for a replacement policy do not cancel your existing policy until you have received the "On Risk" Notice for your new policy. You never know there could be a hitch with your new policy and if you finish your existing policy you can't restart it).

Frequently Asked Questions related to the above topic.
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Can you extend or increase your Critical Illness cover at a later date?

If you have a policy with a renewable option then yes, you can increase, or sometimes extend, your cover. If you do not have a renewable option then you cannot change your cover. These days only a few insurance companies offer policies with a renewable option.

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Frequently Asked Questions related to the above topic. Click below if you wish to read them: -

Frequently Asked Questions related to the above topic.
Click below if you wish to read them: -