Home Insurance FAQ's What is Critical Illness cover?
What is Critical Illness cover?
Critical Illness Insurance, also know as Trauma Cover provides a lump sum benefit on the occurrence of a specific illness or injury.

Benefit payments are made by Critical Illness policies, regardless of the Life Insured’s ability to work. The funds can be used for any purpose the Policy Owner chooses, whether for the reduction of debts, to seek specialist or alternative medical treatment, or make lifestyle changes (such as reducing working hours).

Major illnesses which are covered under Critical Illness policies generally include (but are not limited to):
Cancer;
Stroke; and
Heart conditions.

You must be between the ages of 16 and 55 to apply for Critical Illness cover and it is guaranteed renewable to age 70.
 

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