Critical Illness Cover

Critical illness insurance pays out a lump sum in the unfortunate event of being diagnosed with a serious illness.

Ease the worry about making ends meet if you become seriously ill

Critical illness cover is a type of insurance policy that offers protection in the event of a being diagnosed with a serious illness. If you, unfortunately, suffer from a specific illness, the insurer will pay out a lump sum, which can be tax-free.


A critical illness can include heart attacks, strokes and non-terminal cancer. Critical illness can also cover you if you’ve suffered a physical disability following an injury, such as after an accident at work.

How would you and your family cope financially?

Critical illness cover can help ensure that you and your family are financially protected if the worst happens.


The plan pays out a cash sum if you’re diagnosed with one of the critical illnesses covered by your policy.


Policies can include cover for your children too – both children’s critical illness cover and children’s life cover.


You can combine critical illness cover with life cover, so you’re also covered if you die during the term of your policy, and pay just one monthly premium.

Add cover for your children

It’s hard enough knowing what life would be like for you with a critical illness, so it is extremely difficult to imagine your child falling seriously ill.


Children’s critical illness cover – your policy can include cover for your children if they are diagnosed with a critical illness that is covered by your policy.


This means that if your child is ill and you have to take time off work, you don’t have to worry about the financial impact this might have.


More about Critical Illness

Critical illness cover pays out a lump sum if you are diagnosed with a condition that is described in your policy.

The three most common conditions that claims are for:


  1. Cancer
  2. Heart Attack
  3. Strokes


Many policies will cover you for between 40 and 120 conditions depending on the insurer. Other common conditions that are claimed for are – Multiple Sclerosis, loss of vision or hearing, loss of limbs, HIV Infection, Motor Neurone Disease.

No one knows if or when they will be affected by a serious or critical illness and being unable to return to work or the stress caused for you and your family by having to take time off from work to recover. This can put extra pressure on you as you worry about meeting financial commitments such as your mortgage or paying the bills.


Critical Illness insurance can be a valuable support if you are unfortunately diagnosed with a serious illness and are unable to work. The cover pays out a lump sum that you choose how you wish to use it. You can use it to repay a mortgage, pay your day-to-day bills or help with your recovery and treatment.


If you don’t have savings, critical illness cover can provide valuable financial support in the event that you become seriously ill.


Don’t assume that if you don’t have dependants you don’t need cover. If you live on your own, for example, you will need to ensure any rent or mortgage commitments are paid each month. You don’t want to have to worry about keeping up with your financial commitments when you are unwell, recovering from injury or adapting to incapacity.

  1. You are diagnosed with a critical illness
  2. You make a claim directly with the insurer, you may need to supply medical evidence of your diagnoses
  3. The insurer will then pay-out the claim, once this is complete the policy terminates
  4. You use the pay-out how you wish

The cost of the monthly premiums is determined by several factors, including how long the cover lasts, your age at the time the policy starts, your health, your lifestyle and your family medical history.


An insurer will assess your risk of suffering a critical illness and will typically look at these main areas:

  • Age – You are at a higher risk of suffering a serious illness the older you are
  • Medical history – insurers will want to know about your previous medical history to know if you have suffered from illness in the past.
  • Family – Insurers will also want to know about your family’s medical history, including serious illness and ages your family suffered from these conditions.
  • Your current health – some factors that will considered when determining the monthly premiums are – what is your height and weight, do you currently or have you been a smoker, how much alcohol you regularly drink, any drug use.

Children’s Critical Illness cover is offered by a number of insurers as an addition to your critical illness plan. Some insurers will even offer this cover included at no extra cost.


Many plans will cover natural, legally adopted and stepchildren, as well as any children that you may have in the future.


Typical the child must be aged between 30 days and 18 years old, or 21 if in full time education.


When a child is diagnosed with a critical illness or has an accident, the parents often have to take time off work, or even leave work, to focus on looking after them. Typically this involves daily hospital visits, child care for any other children in the family, or making adaptions to the home or family car, all of this can have a huge emotional and financial impact.


Children’s critical illness cover can help reduce any extra stress by supporting with these additional costs.

Experience you can trust

Speak to us to discuss your requirements and the options available, book a call (no obligation) to speak to one of our advisers here.