Critical Illness Cover
About Critical Illness cover
Critical illness cover is designed to provide you with financial protection following the diagnosis or treatment of an illness deemed critical. Critical illness may be purchased standalone or in conjunction with a life insurance or accident and sickness policy to provide financial support in the event of an unexpected illness.
The finances received could be used to:
- pay for the costs of the care and treatment;
- pay for recuperation aids;
- replace any lost income due to a decreasing ability to earn;
- help keep up mortgage repayments; or perhaps
- fund for a change in lifestyle.
For employers
If you are an employer, you may wish to consider taking out critical illness insurance for your employees. This has become an essential strategy used by employers around the world to protect valued employees financially as well as being an attractive addition to your employee benefits package.
