Critical Illness Insurance

Coping financially with a serious illness

Have you ever thought about the financial side effects of a serious illness? From stroke and heart attack to cancer and kidney disease, serious illness can occur without warning and require major changes in family life. Critical Illness Insurance / Trauma Cover is designed to pay a lump sum if you are diagnosed with a specific critical condition. It helps you to survive financially while you take the time you need to recover.

Benefits of Critical Illness Insurance / Trauma Cover

Pays a lump sum of up to $2 million, depending on the level of cover you choose, if you suffer from any one out of 50-70 specified conditions.

Some insurers also pay up to $2,500 for professional financial advice, to ensure you get the most benefit from a lump-sum payout.
You can also choose to have this benefit accelerated to your Life Cover. In this case, a Critical Illness claim can be treated as an early (accelerated) payment of your life cover policy.

Life Cover buy-back option allows you to have life cover reinstated after an accelerated Critical Illness claim, without having to provide further medical evidence. Some insurers also offer Critical Illness buy back option. You’re covered anywhere in the world, 24 hours a day.

Some insurers can also offer you an option to upgrade the early-stage cancer benefit (which is 10% of sum assured or maximum of $20,000) to 25% of sum assured subject to a maximum of $50,000 without reducing the base sum assured.
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While parents having Critical illness/Trauma Cover, some insurers provide a free cover for their children aged between 2 to 18 (50% or maximum of $50,000 of sum assured) or you can choose to have Children’s and maternity benefit (50% or maximum of $50,000) with low cost.

**Please check with adviser or insurer as terms are updated for new cover regularly.