Hot Topics

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.
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’!
Are future children included on a Critical Illness policy?: All natural, step and legally adopted children are insured under a Critical Illness policy so long as they are aged between 1 and 18 years (although some companies only consider children from aged 3).
Will you need a medical if you apply for a critical illness policy?: In order to correctly assess the risk they are being asked to accept an insurance company may require further information from your GP or request that you undergo a medical. In most cases these medicals only take five or ten minutes.
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.

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.

For a claim to be valid, a policyholder has to be diagnosed as having a serious illness which is included in the list of insured illnesses issued by their insurance company. This list will be found in their Key Features Booklet which you will receive within the Application Pack we send to you.

Please note that all insurance companies require you to survive for a specified number of days following your diagnosis in order to make a valid claim. This “survival period” is normally 28 days although some insurers have reduced it to 14 days.

The proceeds of an insurance claim are free of income and capital gains tax. There are no deductions. This means the entire amount of your claim is available for you to spend in any way you decide.

Frequently Asked Questions related to the above topic.
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Hot Topics

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.

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: -