Critical illness insurance pays a tax-free lump sum on diagnosis of a covered condition. The difference is in how it’s structured — here’s how each option works, and who it fits.
Affordable lump-sum cover for the years that matter.
A tax-free lump sum if you’re diagnosed with cancer, heart attack, stroke and other covered conditions — for a fixed 10- or 20-year term, at the lowest cost.
Best for: Most people protecting a specific window — a mortgage, young kids, peak earning years.
Cover that never expires — to age 75, 100, or life.
Lock in critical illness protection that doesn’t end when a term does. Ideal if you want certainty the coverage is there whenever illness strikes.
Best for: Those who want the certainty that cover is there whenever illness strikes, not just during a term.
Never claim? Get your premiums back.
Add a return-of-premium rider and, if you never make a claim, the premiums you paid can be returned — turning “use it or lose it” into money back.
Best for: People who dislike “use it or lose it” and want their money back if they never claim.
Keep your home if serious illness strikes.
A lump sum sized to your mortgage so a cancer, heart or stroke diagnosis doesn’t put your home at risk — and, unlike bank mortgage insurance, the payout is yours to use.
Best for: Homeowners who want their home protected — with a payout they control, unlike bank mortgage insurance.
Protect the business if a key person falls ill.
Fund continuity, buy-sell agreements, or key-person risk with a tax-free lump sum if an owner or essential employee is diagnosed with a covered condition.
Best for: Owners and partners whose business depends on one or two key people.
Be there for your child, without the money worry.
Affordable cover for childhood conditions so, if the worst happens, you can take time off and focus entirely on your child’s recovery — not the bills.
Best for: Parents and grandparents who want to be present for a child’s recovery without money stress.
See your price across 10 insurers in 20 seconds — then a licensed advisor helps you pick the right structure at no cost.