What is Critical Illness Insurance?
Critical Illness Insurance pays a lump sum Benefit upon diagnosis of a covered condition, such as, heart attack, cancer and stroke.
Critical illness insurance first emerged in South Africa in 1983 and was known as dread disease insurance.
Dr. Marius Barnard Founder of Critical Illness Insurance, the brother of the late world-renown South African heart transplant surgeon, Dr. Christiaan Barnard
How does Critical Illness Insurance work?
There is a 30 day survival period. If you are alive on the 31st day after diagnosis or surgery, then the benefit becomes payable.
How to Qualify?
- You must be healthy when applying for coverage
- Smokers will be rated higher than non-smokers
- Family history is very important
