When you are well and have an income, all is good. Unfortunately, life doesn't always go to plan and a serious illness can change your life dramatically.
Specified Illness Cover pays you a lump sum amount if you suffer from one of the specified illnesses covered on your plan. You can spend the lump sum however you like, towards medical costs, to help you and your family cope financially during a difficult time, etc.
There are full payment specified illnesses and partial payment specified illnesses. The main illnesses are covered, i.e. Heart, Cancer, Stroke, and many more illnesses.
There are a number of ways a Specified Illness payment can help. You can choose, there is no restriction:
Specified Serious Illness Cover is subject to terms and conditions which are contained in a policy document. It is important to note that not all serious illnesses are covered under these policies. In order to make a valid claim, policy specific conditions must be met and certain exclusions apply. You should refer to the relevant policy document which is available on request and which will be provided where a policy is requested/proposed.