Personal Insurance

Critical illness cover is designed to pay out a tax-free lump sum in the event that you are diagnosed with a specified illness or medical condition during the term of the policy, therefore providing you with peace of mind during your difficult times.

It gives you cash lump sum if you were to become seriously ill and could not earn a living. So if you think you and your loved ones would struggle to pay the mortgage or meet the cost of other household bills, you must consider critical illness insurance. You can spend the money how you wish, so you could use it to clear any debts, pay for medical bills or to adapt your home to your particular needs. In other words, it can offer a financial lifeline in a time of crisis. You could also invest some or all of the lump sum to generate an income for your family to live on.