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Product profile
Description
Serious Illness Cover provides a tax free lump sum payment should you be diagnosed with a serious illness or permanent disability
Encourages you to actively manage your health by rewarding you with great discounts at Vitality partners and by enabling them you help manage your future premiums.
It includes Serious Illness Cover which is more comprehensive than most traditional Critical Illness Covers because it:
Covers more illnesses, so you are more likely to get a payout when you have a serious illness.
Pays out based on severity, so youmay also get a payout at an earlier stage of illness or disability. There are a few illnesses however, where a full payout may occur at a later stage of illness.
Provides for the possibility for multiple claims – so you could continue to be covered if your illness progresses or if you are diagnosed with an unrelated illness.
Automatically includes Vitality and must also include either Life Cover and/or Serious Illness Cover.
For
Aged 17 to 65
Critical Illnesses covered
93 illnesses
131 severities
Maximum amount payable
£500,000 per person per claim
£ 1 million per person on multiple claims
3 times cover on multiple claims
Children 50% of adult Cover (maximum of £25,000)
Not covered
Period of cover
Benefits
- You choose the amount
Payout depend on severity of illness, injury or condition
Pays a benefit of 25%-100% of Cover, depending on severity of illness or condition.
Four levels of severity
Options
- Whole of life or fixed term
Guaranteed or reviewable premiums
Life
Income Protection
Disability Cover
Unemployment Cover
Serious Illness Cover for Children
Minimum Protected Account
Waiver of Premium on Incapacity
Waiver of Premium on Death
Waiver of Premium on Serious Illness
