Critical illness Insurance pays out a lump sum of money in the event of death diagnosis of a terminal illness (a condition where the critical illness insurance provider and medical professionals deem that a person has less than 12 months to live) but also covers many other conditions that are specifically defined by each insurer and pays out on clinical diagnosis.

90% of critical illness cover claims come from cancer, heart disease, stroke or a multiple sclerosis diagnosis. This also includes critical illness providers that cover children as part of the policy as well.

Terminal illness cover can also cover many other conditions such as blindness, deafness, ulcerative colitis, Crohn’s disease and even dementia. It’s always important to review your critical illness insurance policies to make sure they are up to date with the standards that you require or prefer.