Hot Topics
- What could Critical Illness cover be used for?
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Anything you want. Medical expenses, repaying the mortgage, making your home easier to live in, school fees, general living expenses, but to name a few.
- Why, when you only want Critical Illness cover, should you consider combining it with Life Insurance?
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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.
- What other benefits can be added to a Critical Illness policy?
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Life cover is a must. Then consider Waiver of Premium and Indexation.
- What is “Total and Permanent Disability”?
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“Total and Permanent Disability” means that if you are diagnosed with any illness, or have an accident, that totally and permanently prevents you from working, you have a valid claim.
- What happens if your condition deteriorates after making a claim on your Critical Illness policy?
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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.
What information will be needed at the time of a Critical Illness claim?
For a Critical Illness claim to be successful the insurance company’s claims department will need evidence that you have been diagnosed as having one of the listed critical illnesses. This evidence will normally come from a Hospital Consultant who is a specialist in the illness which has been diagnosed.
Claimants may also be asked to undergo a further medical examination in order for the insurance company to ascertain more precise information about the nature of your condition. The costs for all medicals are paid the company concerned and will not be deducted from your claim.
The insurance company will also want to see your birth certificate to confirm your age and possibly your marriage certificate.
Frequently Asked Questions related to the above topic.
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