Critical Illness Cover
Financial protection for you and your family in the event of you being diagnosed with a critical illness.
- Helps offset any shortfall on your medical aid costs.
- Pays out a tax-free lump sum that you can use to pay for your lifestyle adjustments.
- Automatically covers your children from birth until 18 years, at no extra cost.
What is Critical Illness Cover?
It helps pay for additional medical expenses and lifestyle adjustments.
Surviving a critical illness isn’t easy, but with the right cover, you can focus on recovery - instead of the medical bills. Critical Illness Cover offers financial protection against illnesses such as a heart attack, cancer, stroke, Alzheimer’s and Parkinson’s disease. It also covers injuries from accidents such as paraplegia, major burns, and brain damage.
This cover pays out a lump sum amount that you can use to pay for additional medical expenses and lifestyle adjustments.
Do I need Critical Illness Cover if I have medical aid?
Consider how you will pay for extra costs not covered by your medical aid.
Advances in medical care mean that people can now survive illnesses once thought to be fatal. Although many people lead relatively normal lives after suffering a critical illness event, you may require financial assistance to cover any lifestyle changes or extra costs not covered by your medical aid.
Medical aid schemes provide decent cover while you’re in the hospital. The problem starts with your out-of-hospital expenses and chronic medication and typically medical aids don't cover cutting-edge experimental treatments. Heart diseases, stroke, and cancer may leave you with a huge financial burden, even if you're on a relatively good medical aid.
How much Critical Illness Cover do I need?
Generally, you should get the most cover you can afford.
Because the financial impact of a critical illness will vary from person to person, there is no scientific way to determine the benefit amount of a critical illness benefit. You should get the most cover you can afford. By adding Longevity Protector™ - Critical Illness Benefit to your Critical Illness Cover you can ensure that your cover will never run out, no matter how long you live with a critical illness.
What am I covered for?
We offer you complete protection spanning the whole body.
Apart from the big four namely cancer, heart attack, stroke, and coronary artery bypass graft, the critical illness benefits cover numerous other life-changing conditions.
What conditions are covered?
- Cardiac and arterial system e.g. Heart attack.
- Connective tissue disease e.g. Rheumatoid Arthritis.
- Ear, nose and throat system e.g. Loss of speech.
- Endocrine and metabolic diseases e.g. Diagnosis of type 1 diabetes.
- Digestive system e.g. Chron's disease or ulcerative colitis with recurrent surgery.
- HIV and Aids.
- Major burns.
- Muscles, bones and joints e.g. Hip joint replacement.
- Brain and nerves e.g. Motor neuron disease.
- Lungs and breathing e.g. Respiratory failure.
- Severe aplastic anemia.
- Terminal illness e.g. Chronic lung problems.
- Trauma e.g. Coma.
- Kidney and urinary tract e.g. Kidney failure.
- Visual system e.g. Total and permanent loss of sight in one or both eyes.
Critical Illness Cover for children
Automatically covers your children from birth until they are 18 years old. This benefit amount equals 10% of the parents’ benefit amount and is limited to R250 000 per insured parent.
Covers you for conditions that may not be covered under a particular category, but would qualify as a result of the severity of the impairment it causes.
Want to know more?
Claims and payouts
When doesn't it pay out?
When the person insured or their biological or legally adopted child does not meet the requirements of one of the defined critical illness claim events.
Who gets paid?
The benefit amount will be paid out to the policyholder.
How long does it take to pay out a claim?
We will pay as soon as the relevant medical proof that the event falls under one of the defined critical illness claim events, has been received.
Is my claim payment taxable?
No. This benefit is tax-free.
How do you work out my premium?
The premium depends on the person insured's age, gender, smoker status, and health as well as the premium pattern chosen at the outset of the policy.
What if I skip a payment?
If you skip a payment, the policy won’t lapse as long as we receive a payment within the 30 days grace period.
Cover term and amount
Will the cover amount change over time?
If the person insured chose an increasing cover amount during the application process, the cover amount will increase annually and so will the policy
How long am I covered for?
The person insured can choose how long he/she wants to be covered for - either for life, for a specific term or to age 65.
Can I increase or decrease my cover amount?
Yes, the cover amount can be changed through an alteration process.
What is the minimum and maximum cover amount I can get?
Minimum: R100 000
Maximum: R5 000 000
Professionals: R5 500 000
You can add this benefit to your Critical Illness Cover.
Discuss the advantages of taking out any of our additional benefits with a certified financial planner.
Specified Claim Event Enhancer
When this supporting benefit is added to the Complete Critical Illness Benefit, it enhances the tiered payouts of the 25%, 50% and 75% severities for the four most common critical illnesses, namely cancer, stroke, heart attack and coronary artery bypass grafts, up to 100%.
Longevity Protector™ - Critical Illness Benefit
Your cover will never run out, no matter how long you live. If you claim, in addition to the normal lump sum payment under your critical illness benefit, this benefit pays 10% of the critical illness benefit amount every five years for moderate to severe claim events. If you never claim, it will pay you 20% of the critical illness benefit at age 80, through the unique Longevity Enhancer.