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Is there a waiting period to receive payment on a Critical Illness claim?: All Critical Illness policies require you to survive a specified number of days following diagnosis in order to have a valid claim. The typical survival period is 28 days but some insurance companies have reduced this to 14 days.
Can You Include Your Partner On Your Critical Illness Policy?: Yes, as with Life insurance, Critical Illness policies can insure one or two lives.
Will Critical Illness policies permit the use of alternative medicines?: After you have been diagnosed with a qualifying Critical Illness and the claim has been paid you can spend your money however you like. So if you want to spend some of your money on alternative medicines then that’s entirely your choice.
What happens if your condition deteriorates after making a claim on your Critical Illness policy?: As far as your insurance is concerned, it makes no difference. Your policy has already paid out and your ex- insurer has no further interest in your health.
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.

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.

Your age, health, sex, occupation and lifestyle particularly affect your premium. If your family has a history of serious illness such as cancer or heart disease this may also result in you paying a higher premium. All the Critical Illness insurance we offer insures you for Total and Permanent Disability. This means that if you contract any condition or have an accident that totally and permanently prevents you from working, then you have a valid claim.

Critical illness insurance can be chosen as either a “stand alone” policy or combined with Life Insurance.
You should be aware that in order to make a claim, all Critical Illness policies require you to survive for a minimum number of days following the diagnosis of a critical illness. This is known as the “survival period”.
It is usually 28 days but some insurers have reduced it to 14 days.

The advantage of having both Critical Illness AND Life Insurance is that if you were to die within the survival period, your policy would still payout under the provisions of its Life cover. Insurance premiums are not eligible for any personal tax relief although all payouts are tax-free.

Top Tip

It is highly likely that if you combine Life and Critical Illness insurance into one policy it will be cheaper than buying Critical Illness just by itself! How’s that for value!

It happens because the insurance companies can apply various internal company tax allowances to their pricing of combined Life and Critical Illness policies but these allowances are not available for stand-alone Critical Illness policies. It doesn’t always work out cheaper but for most people it is!

Frequently Asked Questions related to the above topic.
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Hot Topics

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.

Top Tip

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: -