What is Critical Illness Plan?

An essential part of any financial plan, Critical Illness insurance provides you with the resources and support needed while you recover from a serious illness. You receive a tax free lump sum payment if you are diagnosed with one of the covered illnesses.

Critical Illness insurance is a health insurance plan that guarantees that you and your family’s costs will be protected in the face of a life-changing diagnosis. Even if you’ve had a serious illness in the past or been notified of an underlying health condition – we have plans that can cover you. Critical illness protection is designed to pay you while you are alive. Typically 30 days after diagnoses of a covered condition if you are still alive you will receive the lump sum tax free payment. These funds can be used for any purpose you choose from paying for medical treatment, to paying down debt to taking a once in a lifetime trip. The funds are paid directly to you and you choose how you want to use them.