For many people the risk of becoming seriously ill is higher than the risk of death, therefore it is worth to protect oneself in case such a thing happens, especially that the majority of insurance providers take into account issues such as a heart attack or cancer which unfortunately have been occurring even among young people.
The term ‘critical illness’ means a serious disease which in most cases does not result in death but causes temporary or permanent inability to work and requires significant financial expenses. The pay-out of the amount of insurance is usually used to pay off any outstanding debts and helps people to adapt to new circumstances.
As with many life cover policies, critical illness is a fixed-term policy.
It is important to remember that there are many insurance providers on the market and it is vital to shop around in order to choose the option most suitable for us. Many insurance providers automatically take into account critical illness cover for children; usually it is up to 50% of the amount of the client’s insurance without any additional costs.
Did you know that…?
Critical Illness Cover for £50,000 can be purchased from £13.91 a month?*
*This quote from 09/03/2023 is an estimate only for a 30-year old non-smoking male. Occupation: factory worker. Duration of policy: 25 years, guaranteed premiums. The actual premium will depend on individual circumstances. Provider Zurich.
What’s usually covered?
- Aorta graft surgery – for disease and trauma
- Aplastic anaemia – with permanent bone marrow failure
- Bacterial meningitis – resulting in permanent symptoms
- Benign brain tumour – resulting in permanent symptoms or specified treatment
- Blindness – permanent and irreversible
- Cancer – excluding less advanced cases
- Cardiac arrest – with insertion of a defibrillator
- Cardiomyopathy – of specified severity
- Coma – with associated permanent symptoms
- Coronary artery bypass graft
- Creutzfeldt-Jakob disease
- Deafness – permanent and irreversible
- Dementia including Alzheimer’s disease – resulting in permanent symptoms
- Encephalitis – resulting in permanent symptoms
- Heart attack – of specified severity
- Heart surgery – with thoracotomy
- Heart-valve replacement or repair
- HIV – caught from a blood transfusion, a physical assault or at work
- Interstitial lung disease
- Kidney failure – requiring permanent dialysis
- Less advanced cancer of the breast – with surgical removal (partial payment)
- Less advanced cancer of the prostate – of specified severity and treatment (partial payment)
- Liver failure – end stage
- Loss of hand or foot – permanent physical severance
- Loss of speech – total permanent and irreversible
- Major organ transplant – from another donor
- Motor neurone disease and specified diseases of the motor neurones – resulting in permanent symptoms
- Multiple sclerosis
- Paralysis of limb – total and irreversible
- Parkinson plus syndromes – resulting in permanent symptoms
- Parkinson’s disease – resulting in permanent symptoms
- Pneumonectomy – for disease or trauma
- Primary pulmonary arterial hypertension – resulting in permanent symptoms
- Pulmonary artery replacement – with surgery
- Removal of an eyeball as a result of injury or disease – permanent physical severance
- Respiratory failure – of specified severity
- Spinal stroke
- Stroke – resulting in specified symptoms
- Systemic lupus erythematosus – of specified severity
- Terminal illness – where death is expected within 12 months
- Third-degree burns – covering 20% of the body’s surface area or 20% of the face’s surface area
- Traumatic brain injury – resulting in permanent symptoms
The above list is only an example of a list of conditions and illnesses that may be covered by Critical Illness Cover in the UK. The final scope of conditions as well as definitions may differ depending on the provider and policy upgrades chosen.
When choosing Critical Illness Cover in the UK or any health insurance, it is worth consulting an experienced adviser in this field who will advise on the policy to your needs, ensuring that you and your family receive the most suitable financial support.
Would you like to find out more or to purchase critical illness cover?
Call us on: +44 203-488-1751
Or send a query