Critical illness cover provides a lump sum payment if you’re diagnosed with a serious illness such as cancer, heart disease, or a stroke. This financial support can help cover medical expenses, mortgage payments, or other living costs during your recovery.

While life insurance pays out when you pass away, critical illness cover is designed to provide financial support while you’re still alive but facing a serious health challenge. The payout can help alleviate the financial stress associated with long-term treatment or recovery.

The specific illnesses covered vary by policy, but most include major conditions like cancer, heart attacks, strokes, and organ transplants. It’s important to review the list of covered illnesses when choosing a policy to ensure it meets your needs.

Anyone with financial dependents or significant financial commitments, like a mortgage, should consider critical illness cover. It’s also valuable for those without substantial savings to cover the costs of long-term illness.

The amount of cover you need depends on your financial obligations, such as your mortgage, living expenses, and any potential medical costs. A financial advisor can help you determine the right level of cover based on your personal circumstances.

Yes, many insurers offer the option to add critical illness cover to your life insurance policy. This can provide a more comprehensive safety net, ensuring you’re protected in both life-threatening and serious health situations.