Critical illness cover is a type of insurance policy that provides financial protection if you are diagnosed with a serious illness or medical condition listed within the policy. If you are diagnosed with a covered critical illness during the policy term, the policy pays out a lump sum benefit, which you can use as you see fit.

The illnesses covered by critical illness insurance typically include major conditions such as cancer, heart attack, stroke, organ failure, and other life-threatening illnesses. The specific list of covered conditions can vary depending on the insurance provider and the policy terms.

The lump sum payment from critical illness cover can be used to cover various expenses related to your illness, such as medical treatments not covered by health insurance, rehabilitation costs, modifications to your home or vehicle to accommodate your condition, or even to replace lost income if you’re unable to work due to your illness.