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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.
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.
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.
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).
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.

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.

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.
Click below if you wish to read them: -

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Hot Topics

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.

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: -