What is critical illness cover?
Critical Illness Insurance / Takaful is a protective cover that is usually paid out a lump sum to the policy holder, in the event that you are diagnosed with an illness or medical condition predetermined the policy terms and conditions. On some occasions the payment might be paid out as regular income or in accordance to scheduled surgical procedures related to any illnesses or conditions covered by the policy.
Once the money is paid out, it can be used however the policy holder deems fit, you can use it to pay for medical bills, and debts, any leisure/activities or needs that you may want to take care of.
How does it work?
Critical illness cover sees payment/s issued when a policy holder is diagnosed with a listed condition. This product effectively offers a financial lifeline in times of crisis.
For more information on Critical Illness insurance and Takaful products please contact us so that we may assist with you queries and requirements.