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.

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
 

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Why, when you only want Critical Illness cover, should you consider combining it with Life Insurance?
Two good reasons: You are likely to save money! And if you died within the survival period (see below), the claim would still be paid under the terms of your Life Insurance.
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).
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.
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.
After you have passed the survival period, payment on a claim can be made promptly after your insurance company has received satisfactory evidence that: -

  • you are the policyholder
  • your date of birth has been verified
  • and they have received the necessary medical report from a consultant, who is a specialist in your diagnosed condition.

The money you receive would be tax-free.

Frequently Asked Questions related to the above topic.
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