A Critical Illness plan is designed to pay out a lump sum on the diagnosis of certain specified illnesses. The plan will pay out a tax free lump sum that can be used however you like. This type of plan is designed for those individuals or families who want a lump sum if they are diagnosed with a serious illness. You can use this however you like – to repay a loan, to cover mortgage payments, to support health care costs or to pay for time off work.
*The policy may not cover all definitions of a critical illness. For definitions of illnesses covered please refer to the Key Features and Policy Documents.
*The policy may not cover all definitions of a critical illness. For definitions of illnesses covered please refer to the Key Features and Policy Documents.