Critical illness cover is a valuable form of life insurance that provides essential protection in case you experience a severe illness or injury.
With critical illness cover, if you receive a diagnosis for an illness specified in your policy, you will typically receive a tax-free lump sum payment. This payment can be utilized in any way you deem necessary, providing flexibility and support during challenging times. It can help ease financial concerns and facilitate necessary adjustments to your life. For instance, you can use the funds to pay off your mortgage, cover lost earnings during your recovery, make modifications to your home for improved accessibility, or ensure that your dependents receive the financial support they need.
Critical illness cover offers peace of mind by offering a financial safety net when you need it most, allowing you to focus on your well-being and the well-being of your loved ones.