Critical Illness and Serious Illness insurance policies pay out a cash lump sum when you are diagnosed with a particular illness or suffer injury from a serious accident.
Policies vary depending on the provider, so it’s important to understand the differences. For example, the number of illnesses covered, definitions, partial payments and claims to pay-out ratios.
In the event of your diagnosis, money paid out from a Critical Illness policy could be used, for example, to help maintain your standard of living, pay off your mortgage and, if needed, pay for private healthcare.
Our insurance brokers offer insurance advice on a wide variety of types of insurance, more detailed information about the different insurance policies can be found below.