Serious Illness Protection
Serious illness insurance pays out a tax-free lump sum if you are diagnosed with one of the specific illnesses or disabilities that your policy covers.

Types of Cover
Specified Illness Cover comes in two standard packages – standalone cover and accelerated cover.Standalone Cover: will give you a predetermined lump sum if you or one of your children is diagnosed with a specified illness during the term of your policy. You will only be paid the lump sum if you survive for at least 14days after your illness is diagnosed and certified. If you die before you have made a claim on your specified illness cover, your family will receive a death benefit of 5% of the lump sum. You decide the term of your policy – normally between five and 40 years. Standalone specified illness cover can be arranged on a single, dual or joint life basis.
Accelerated Cover: provides a lump sum payment on the earlier of two events:
• The death of the person named on the policy
• The diagnosis and certification of a prescribed, specified illness as defined in the policy
• With accelerated cover, the lump sum is payable once i.e. on death or specified illness. Accelerated specified illness cover can be arranged on a single, dual or joint life basis. If one of your children becomes seriously ill or dies as a result of a specified illness, your policy will pay out a percentage of your benefit.