Critical illness affects the lives of millions of people. Not surprisingly, therefore, critical illness remains one of the most worrying health concerns.
The Critical Illness Insurance has been designed for people under 65, to offer a degree of peace of mind after diagnosis. It provides some financial support to sufferers during the initial period while their families adjust to the new circumstances.
The policy is available at different levels of benefit and can be tailored to cover universal cancers.
Product highlights:
- Financial assistance in the aftermath of the diagnosis
- Varying premium/benefit levels to suit all pockets
- Cover adaptable during the life of the policy
A typical cover includes:
- Lump sum payment on diagnosis
- Benefit for hospitalization
- Convalescence benefit
Target Market:
Cover is usually purchased through brokers and affiliated or sponsoring organizations.