Specified Illness Cover

This insurance ensures you are financially equipped to face into a serious illness diagnosis.

Specified Illness Cover

Being diagnosed with a serious illness is not exclusive to the elderly. Serious illness’s do not discriminate age or gender and effects people all over the country every day.

Specified illness cover pays you a lump sum payment on diagnosis of a specified illness.

If you find yourself sitting unexpectedly opposite a Consultant about to receive news of a serious diagnosis. You’re going to need a fund of money to help you navigate through your illness and recovery.

Everyone’s illness and recovery will present differently and how they use their rehabilitation fund will differ.

Throughout your recovery, you are unlikely to be able to work, your fund can supplement your lost income.

You will likely incur new illness related expenses. Being sick can come at an expense.

It is common that you may need to make alterations to your home or how you travel.

The money can be used to plan life’s nice to haves and some needed R&R as you have navigated through what will be one of the toughest times you will face. Your experience of a serious illness could be drastically different if you do not have the financial comfort of this insurance policy.

Finally, life post your illness may be different, having a fund of money will allow you navigate back into life post recovery in a way that suits your new needs.

Frequently Asked Questions:

FAQ: What does specified illness cover include?
Answer: Specified illness cover (also called serious illness cover) pays out a lump sum if you are diagnosed with a serious illness covered under the policy. This typically includes conditions such as cancer, heart attack, stroke, and multiple sclerosis, but each insurer has a specific list of covered illnesses. It helps with medical costs, mortgage repayments, and general living expenses during recovery.

FAQ: How is specified illness cover different from life insurance?
Answer: Life insurance only pays out when you pass away, whereas specified illness cover provides a lump sum if you are diagnosed with a serious illness during the policy term. The payout is designed to help you financially while you recover, covering medical bills, lost income, or other expenses.

FAQ: Can I claim on my specified illness cover more than once?
Answer: This depends on the policy. Some policies offer partial payouts for certain illnesses, meaning you may still be covered for a full claim later. However, in most cases, once you receive a full payout, the policy ends. Always check the terms of your policy to understand how claims work.