Critical Illness Insurance - Summary of Cover

A Critical Illness policy is an insurance policy, which pays out a lump sum upon diagnosis of a serious illness.

The term and sum to be insured are decided at the outset.

If a critical Illness is diagnosed during the specified term then the sum insured is paid out.

If you have not suffered any serious illness at the end of the term then the critical illness insurance plan ceases and nothing is paid out as this product has no cash in value at any time. If you are replacing an existing policy please ensure you do not cancel your current arrangements until your new policy is in force.

The plan can be set up on a single or joint life basis and can be added to either Level Term or Mortgage Protection Assurance.

For impartial information regarding this products please visit the FSA's consumer website by clicking here

Here you will find further details of Critical Illness Insurance and Critical Illness definitions. Please check with your chosen critical illness insurance provider's key features and technical details as cover can vary between insurers.

This is a general overview of the cover available, please read the insurance company's product key features for the specific cover and terms and conditions that apply.

The FSA offer an online explanation of insurance jargon:
Click here to view the FSA Insurance Jargon Explanations

Also available is a Financial Health Check from the FSA, which can be completed online:
Click here to complete the FSA Financial Health Check