Protection Against Serious Health Problems
Critical Illness Insurance cover is made to ease the monetary pressures by paying a tax-free lump sum if you become seriously ill or disabled. You should generally survive at least one month after becoming critically ill before the policy will pay out.
What Does It Protect Against?
Critical Illness insurance pays benefits on the diagnosis of specified critical health problems. The range of conditions covered has actually increased to more than 30, though the definitions of illnesses covered could vary from one company to another.
- They will also pay if an insurance policy holder ends up being permanently disabled as a result of injury or illness.
Earnings protection offers the security of knowing that crucial payments will be made…