Effective protection in place is the best way to obtain peace of mind

At IMS Financial, we understand that health is deeply personal. To ensure you receive comprehensive coverage under your critical illness policy, insurers will assess your lifestyle, existing medical conditions, and overall health status. It’s essential to know which illnesses are covered by your policy and which are not. If you have pre-existing medical conditions, we can assist in finding insurers willing to provide coverage, although premiums may be higher.

Critical illness cover is designed to provide financial support upon the diagnosis of a serious medical condition. It offers a lump sum payment to help cover medical expenses and maintain financial stability during your recovery. We simplify this complex topic by explaining policy details in clear, straightforward terms, ensuring you understand the extent of your coverage and its benefits.

You might not have considered critical illness cover if you already have life insurance. However, it’s important to note that life insurance doesn’t provide coverage during periods of critical illness, which can pose financial challenges if you’re unable to work.

Combining critical illness cover with your life insurance policy means you’ll typically receive a single lump sum payout upon diagnosis. This integrated approach can be beneficial but limits you to one payout per term. For instance, if you claim for a critical illness, your policy will end after the payout. Starting a new life insurance policy after illness can be expensive and complex.

Alternatively, opting for ‘additional’ critical illness cover allows you to maintain separate policies. This means you can make two independent claims—one for critical illness and another for life insurance—providing more comprehensive financial protection during challenging times. If you’re uncertain about your current coverage or considering separate critical illness cover, our expert team can provide clear guidance tailored to your needs.