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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What decisions will you have to make before you can get a quotation?: You will have to make four decisions:
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.
What is “Total and Permanent Disability”?: “Total and Permanent Disability” means that if you are diagnosed with any illness, or have an accident, that totally and permanently prevents you from working, you have a valid claim.
Are Critical Illnesses In Pregnancy Covered?: Pregnancy does not affect any claim under critical illness insurance. It would be hard to make a case that pregnancy was a ‘self-inflicted injury’!
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.

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.

Hot Topics

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: -