Critical Illness Cover (CIC) is designed to pay the insured a lump sum on diagnosis of a critical illness. Payment is made regardless of whether or not the insured makes a full recovery from the illness.

Each life insurance company has a list of illnesses which they consider to be a critical illness and which they will, in normal circumstances, insure against.

The life company will agree with the insured which illnesses they are covered against prior to any policy starting and going into force. Critical illness cover is also known as serious illness insurance, crisis cash and living assurance. Funds from a Critical Illness payout may include:

 

 

Insurance Details

paying for the cost of treatment or care

paying for recuperation aids

Pay off debts that may occur due to loss of income

Replace lost income due to decreasing ability to earn a living

Fund a change in lifestyle