Critical-illness-insurance

This is also known as critical illness cover (CIC) or serious illness cover (SIC). It can offer a degree of financial security in the event of you becoming seriously ill. It typically pays out a lump sum if you are diagnosed with a defined critical illness during the plan term. It can be set up on a standalone basis or with the combined benefit of life cover (accelerated benefit). It can also be level, decreasing or severity based. It can be set up on a standalone basis or with the combined benefit of life cover (accelerated benefit). It can also be level, decreasing or severity based.

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