Critical Illness Cover

Critical illness cover – also referred to as critical illness insurance – offers the insured a lump sum payment if they are diagnosed with a specific illness or health problem.  The lump sum is payable at the time of the diagnosis and it helps the policyholder to pay any living expenses while they are being treated for the illness.

This type of insurance is for specific illnesses or certain critical surgical operations.

A critical illness plan will only pay out a lump sum when the insured is suffering from one of the specified illnesses on the policy.  The cost of the coverage will range from person to person and it is based on the sex, health, occupation, type of coverage required, how long it is needed and whether or not the potential insured is a smoker.  The premium will be higher if the illness is considered hereditary.

For more information on critical illness cover, please contact your PK Group Advisor. Or, if you have not worked with us before, please do get in touch and one of our consultants will be happy to assist.