Critical Illness plan

By: Southern Cross Adviser  06-Dec-2011

Critical Illness is offered to members as an affordable add-on to their existing policy, providing for a one-off lump sum payment if members are diagnosed with a qualifying critical illness such as cancer or a stroke.

It is not designed as a substitute for health insurance, instead it is designed to meet the wider health and wellbeing needs of members should they experience a critical illness.  At that time, it is paramount patients look after their wellbeing in order to recuperate properly without unnecessary financial stress.

Policyholders can choose their level of cover, either $20,000, $50,000 or $100,000, and this amount is then the payout in the event a member suffers a qualifying critical illness.  Premium rates are competitive and based on the level of cover, age, gender, smoking status, Body Mass Index (BMI) and health history.

The information in this article was current at 02 Dec 2011

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