Types of critical illness cover

Critical illness cover can come in a variety of forms. Here’s a brief breakdown of some of the options and how they work:

  • Critical illness insurance – this option might be suitable for you if you already have life insurance. With the critical illness cover in place, you could claim if you are diagnosed with a serious illness and keep your life cover
  • Combined life insurance and critical illness cover – broadly speaking, this type of cover will pay out a lump sum if you die or are diagnosed with a critical illness. This will be a one-off payment, after which your life insurance cover will end
  • Critical illness cover within a decreasing term life insurance policy – you might choose this type of cover to ensure that your mortgage debt will be paid off in full if you die or are diagnosed with a critical illness

Read more about our critical illness cover

Get more information about the critical illness cover we offer.