Serious Illness Insurance is similar to Critical Illness insurance. This policy pays a tax free lump sum benefit if you are diagnosed as suffering from one of the serious illnesses specifically covered by your policy. The main difference to Critical Illness is that this policy pays out for many more illnesses and the amount paid out varies depending upon the severity of the illness.
If your condition gets worse, or you’re diagnosed with a different illness, you could get more than one payment. And since this covers more conditions than traditional critical illness policies, you are more likely to receive a payment when you need it.
We are happy to explain the differences in more details we want you to be happy that you have the cover that is right for you.