Affordable and cost-effective insurance that pays out your mortgage balance should you contract a disease/medical condition covered under the policy whether you survive or not.

These policies pays out a lump sum on the diagnosis of certain life-threatening illnesses specified in the policy. Direct Sources of Insurance Business Insurance transacted where no intermediary is involved, including marketing sources (e.g. newspaper advertisements), telephone sales, the internet and business through branch offices. Endorsement This is a written amendment to an insurance policy that becomes a legal part of the insurance documentation.

Covers an individual for life or for a set period against a number of serious illnesses, diseases and medical conditions. It pays out a single tax-free lump sum on the diagnosis of one of the illnesses specified in the policy details. The most common of these included in a policy of this sort are: Heart attack, Stroke, Cancer, Kidney or liver failure paralysis and multiple sclerosis. AIDS is not usually included.

An insurance policy where the insurer will pay the sum insured in the form of a lump sum to the policyholder in the event of diagnosis of a life threatening disease. The insurers have a standard set of diseases that they will provide cover for they include; cancer, heart attack, stroke, coronary artery disease, kidney failure, paralysis, a major organ transplant, heart valve surgery, multiple sclerosis, blindness in both eyes, total and permanent disability, loss of hearing, stage one Hodgkin's disease, terminal illness, AIDS but only via infected blood transfusion.

Is an enhancement to mortgage life insurance offered by some lenders. It provides coverage to assist with paying off a mortgage in the event of critical illness (cancer, heart attack and stroke).

An insurance policy that pays out a capital sum if the Life Assured is diagnosed as suffering from certain critical illnesses.

A form of health insurance designed to protect people against the economic hardship that can result from serious health problems. Typically, these policies cover a variety of serious illnesses (such as heart attack, stroke, life-threatening cancer, kidney failure, blindness, deafness and multiple sclerosis) and pay a lump sum to the policyholder 30 days after diagnosis of one of the specified conditions.

An individual insurance plan specifically to help offset the unexpected costs that can arise if you're diagnosed with a critical illness. Basic coverage includes cancer, heart attack, stroke, and coronary artery by-pass surgery, which will be clearly defined in the policy for benefit purposes.

Also known as 'dread disease'. It pays out a lump sum on the diagnosis of certain life-threatening illnesses specified in the policy. Such policies can be stand alone or written as an add on to a variety of other contracts e.g. whole of life.

A policy that pays out a lump sum on the diagnosis of life threatening illnesses indicated in the terms of the plan.

a policy that pays the benefits on the diagnosis of one or more critical illnesses under the terms of the plan.

this type of insurance pays out if the policyholder is diagnosed with a critical illness specified in his or her policy. Critical illness insurance can often be included as an optional extra with mortgage protection life insurance. Read more about critical illness cover here.

A type of individual health insurance that pays a lump-sum benefit when the insured is diagnosed with a specified illness. Also known as critical diagnosis insurance. Contrast with specified disease coverage.

Critical illness insurance is an insurance that makes a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed on the insurance policy and survives a minimum number of days (the “survival period”) from the date the illness was first diagnosed.