Is there a minimum or maximum premium for critical illness cover?

Minimum premiums vary from company to company but they can be as little as £5 per month.

STEP 1 of 2
Type of cover
Life Insurance       Mortgage Life Insurance
 
Cover Level (£)

Number of years
Do you want:  
Critical illness cover
Family income benefit
 

Hot Topics

Why do I need critical illness cover?
1 in 5 men suffer a critical illness before their normal retirement age. 1 in 6 women suffer a critical illness before their normal retirement age.
Why do you need to consider a new Critical Illness policy if you already have one?
Because older policies were often limited in the illnesses they covered; your own circumstances may have changed; you may now need to increase the sum insured.
Can You Include Your Children On A Critical Illness Policy?
Yes. Most insurers will automatically include children on your policy.
What level of critical illness cover could your children get?
Insurance companies normally impose a maximum limit on any claim under the policy’s provisions for children. Sometimes the limit will be lower of a percentage of your own sum assured (e.g. 25% or 50%) or a set amount (typically £15,000 or £20,000).
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.
There is no fixed maximum premium for these policies as your premium is determined by the amount of cover being arranged, combined with the details of your age and health etc.

Your main consideration should be to provide yourself with the level of protection you really need to maintain your lifestyle should you be diagnosed with a critical illness.

Only compromise if you think you will be unable to afford the monthly premiums.

Some companies will allow you to increase the sum insured at a later date and this may be exactly the type of flexibility you need.

Frequently Asked Questions related to the above topic.
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