Critical illness /
Accident Insurance
"Getting the right insurance is like packing the right clothes for a holiday. You don't want too much or too little, you just need to be prepared for what might happen."
What is it? Critical illness insurance is a type of insurance that provides a lump sum of money to help with financial costs if you are diagnosed with a serious illness or disability
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What it covers Critical illness insurance typically covers long-term, serious illnesses like cancer, heart attack, stroke, multiple sclerosis, and Parkinson's disease.
What it does
How it helps The money can be used for a variety of expenses, including medical bills, everyday expenses, and paying off a mortgage. It can also help cover additional costs like medications, rehabilitation, and home care.
How it works You can hold it independently or add critical illness insurance to your life insurance policy for an extra cost. If you are diagnosed with a covered illness, you'll receive a payout if you survive for a specified number of days.
Should I get it?
When it's useful? Critical illness insurance can be especially useful if you don't have disability insurance, have dependent children, or are the sole provider for your family.
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Cost The cost of critical illness insurance can be high compared to life insurance because simply put, you only die once.
