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Critical Illness Insurance

Critical Illness insurance lets you face illness without the financial worry. Upon diagnosis of a critical illness covered by your policy, you receive a lump sum payment that you can use as you see fit and thus focus on your recovery.


Critical Illness insurance does not replace your medical insurance and it is not a disability insurance policy. Rather it helps survivors manage the costs associated with recovery.

The best policies give you the option to get your money back, access to best doctors or if you wish to just get the coverage – a basic term policy is also available.

This is one of the most important coverage’s to own – you need it. It provides you a safety net for the future because as modern medicine improves, you chances of survival improve.

This type of policy pays in 3 ways:

  • You get sick – all you have to do is survive the illness (which most people do). 30 days after you get sick you get a lump sum tax-free (up to $2 Million)
  • You stay healthy – you live out the term of the policy = you get your money back tax-free!
  • Death – if you don’t survive – your beneficiaries receive a financial payout tax-free

The primary coverage under most plans is:

  • Cancer
  • Heart Attack (Myocardial Infarction)
  • Stroke

Depending on the plan, additional illnesses can be covered such as:

  • Multiple Sclerosis
  • Alzheimer Disease
  • Paralysis
  • Coronary Artery Bypass
  • Kidney Failure
  • Parkinson Disease
  • Major Organ Transplant and Major Failure on Waiting List
  • Motor Neuron Disease
  • Bacterial Meningitis
  • Aortic Surgery
  • Heart Valve Replacement
  • Aplastic Anaemia
  • Loss if independence
  • Blindness
  • Deafness
  • Major Burns
  • Loss of Speech
  • Brain Tumour
  • Dismemberment
  • Occupational HIV Infection

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