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Critical Illness Insurance

Protect your Health, Protect your Income

Critical Illness Insurance (CI)

Critical illness policies are designed to provide a TAX-FREE LUMP SUM of cash to assist an insured in adapting to his changed circumstances caused by a life-threatening illness.

Individuals that suffer such catastrophic health events as a life-threatening cancer, heart attack or stroke may, or may not, eventually be able to return to work full-time, but they will almost certainly incur expenses or changes in their lifestyle that are not covered by conventional disability insurance. These individuals might require funds to permit them to make substantial lifestyle changes to accommodate the changes brought about by their medical condition.

A stand-alone contract, CI insurance offers insured individuals a lump-sum payout to be used at the discretion of the insured should he suffer any one of a broad range of life-threatening or life-altering conditions.

Covered Conditions

You receive a tax-free, lump-sum benefit after being diagnosed with a covered condition and meeting any applicable waiting period requirements.

C I contracts tend to fall into the below categories

  • Big 4
  • Basic Plan
  • Enhanced Plan

Depends on the types of plan opted, the nature and number of conditions covered will be varied.

Big 4 Conditions

  • Life-threatening cancer
  • Heart attack
  • Stroke
  • Coronary artery bypass surgery

Basic Plan 5 Conditions

  • Life-threatening cancer
  • Heart attack
  • Stroke
  • Coronary artery bypass surgery
  • Aortic surgery

Enhanced Plan - 25 Conditions

  • Heart Attack
  • Alzheimer's Disease
  • Bacterial Meningitis
  • Coronary Artery Bypass
  • Heart Valve Replacement
  • Loss of Limbs
  • Major Organ Failure on Waiting List for Transplant
  • Occupational HIV Infection
  • Severe Burns
  • Stroke
  • Aortic Surgery
  • Benign Brain Tumor
  • Coma
  • Kidney Failure
  • Loss of Speech
  • Motor Neuron Disease
  • Paralysis
  • Cancer
  • Aplastic Anemia
  • Blindness
  • Deafness
  • Loss of Independent Existence*
  • Major Organ Transplant
  • Multiple Sclerosis
  • Parkinson's Disease

Additional covered conditions for children until age 25:

  • Cerebral palsy
  • Congenital heart disease
  • Cystic fibrosis
  • Muscular dystrophy
  • Type 1 diabetes mellitus

* Loss of independent existence means a definite diagnosis of the total inability to perform, by oneself, at least 2 of the following 6 activities of daily living for a continuous period of at least 90 days with no reasonable chance of recovery.

The diagnosis of loss of independent existence must be made by a specialist.

Activities of daily living are:

  • 1. Bathing:  the ability to wash oneself in a bathtub, shower or by sponge bath, with or without the aid of assistive devices
  • 2. Dressing:  the ability to put on and remove necessary clothing, braces, artificial limbs or other surgical appliances with or without the aid of assistive devices
  • 3. Toileting:  the ability to get on and off the toilet and maintain personal hygiene with or without the aid of assistive devices
  • 4. Bladder and bowel continence:  the ability to manage bowel and bladder function with or without protective undergarments or surgical appliances so that a reasonable level of hygiene is maintained
  • 5. Transferring:  the ability to move in and out of a bed, chair or wheelchair, with or without the aid of assistive devices, and
  • 6. Feeding:  the ability to consume food or drink that already has been prepared and made available, with or without the use of assistive devices.

To get a quote, please contact us