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What is a critical illness insurance plan?
A Critical illness policy will cover you in the event of a pre-determined
illness or disease. Not all Critical illness policies are the same and
policy conditions will vary. It is vitally important to understand
exactly which conditions are covered before you proceed with a
particular policy or insurance plan.
With most Critical illness policies a capital sum is paid out on diagnosis of a specified medical condition or occurrence
of some forms of heart attack, some forms of cancer, renal failure, major organ transplant, stroke
etc.
Types of critical illness insurance policy.
There are different types of critical illness policy available.
Critical illness insurance policies can be stand alone or added to whole of life, endowment or term
assurance plans. Please contact us to discuss your specific requirements.
Critical illness lump sum benefits.
The lump sum benefits derived from a critical illness insurance policy are not taxable.
Please contact us for more information on Critical Illness Policies.
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