Critical illness cover guarantees the payments of benefits upon diagnosis of one of the critical illnesses. The insurance companies differ from each other mainly by the amount of disease covered (8 to 160). Most includes the following: Cancer, heart attack, stroke, multiple sclerosis, open heart surgery, transplants and paralysis.
Benefits from the policy are intended to cover medical expenses or costs resulting from inability to work due to health.
This is a very important insurance, especially nowadays where the risk a disease such as cancer is 50%. (Source: Cancer Research, column 1)
Do you know that….
1 in 2 people born after 1960 in the UK will be diagnosed with some form of cancer during their lifetime? (Source: Cancer Research)
Do you know that….
Average age at claim for Critical illness policies is 48 years? (Source: Royal London, December 2015)
Critical illness policies prices starts from £10 per month (£0.33 per day)