What Is Specified Illness Cover

Specified illness cover is sometimes referred to as critical illness cover or serious illness cover but they all refer to the same thing.

Specified illness cover is a form of insurance that pays out a tax-free lump sum if you’re diagnosed with a serious illness during the term of the policy. Specified illness cover can be purchased as standalone cover or combined with life cover or mortgage protection under the one policy. Please click on link ‘What illnesses are covered’ under a modern day plan.

Standalone Specified Illness

• This pays a lump sum if you are diagnosed with one of the specified illnesses listed on the policy
• The premium and benefits are fixed

Accelerated Specified Illness

• The premium and benefits are fixed
• It is often taken out in addition to Life Cover or Mortgage Protection
• A claim for a Specified Illness reduces the amount of Life Cover that you have remaining

With this cover in place, you can just focus on getting better – Let us Guide you on what best suits your needs