Understanding what you are covered for is imperative. One of the main misconceptions that our customers encounter, occurs between Terminal illness cover and Critical illness cover.
Terminal illness is a free inclusion with almost all life policies. It aims to payout on the diagnosis of a terminal illness where life expectancy is less than 12 months. This is, essentially, an advance of the life cover payment and provides you with the financial freedom to organise your affairs before death.
Critical Illness however, is far more comprehensive. It is designed to payout on diagnosis of a range of serious illnesses including - but not limited to - cancer, stroke and heart attack. This cover provides you with the financial freedom to repay any debts, cover the cost of medical treatment, or simply relieve the pressures that are attached to being diagnosed with a serious illness.