Critical illness cover pays out a lump sum if you are diagnosed with a condition or illness listed on the policy.

Policies typically cover between 10 and 100 different conditions or illnesses, with the average policy covering around 40. Conditions can include kidney failure, heart attacks, strokes and certain types of cancer.

Critical illness cover can often be added to a life insurance policy or you can take out standalone cover. Having this protection can help relieve financial pressure at a time when life can be extremely challenging.

Critical illness and COVID-19
COVID-19 is not one of the illnesses listed in any critical illness policy but having this type of cover can still prove valuable. If you contracted the virus and it led to severe complications, these conditions may be defined as a critical illness on your policy and you could make a claim.

Pay out rates
Each year the Association of British Insurers publishes the average pay out rate statistics across all insurers. Figures for the whole protection market in 2019 show that a total of 91.6% new critical illness claims were paid, equating to over £1.2bn.

If you’re not sure which policy is best for you, get in touch, we can help you find the right cover.

As with all insurance policies, conditions and exclusions will apply

Catch up on our other blog posts:

Your guide to home insurance

Your guide to home insurance

Engaging with your home insurance requirements can be challenging but running the risk of not tuning in and getting the most suitable cover - and the right level of cover - could be financially devastating if an unwelcome event were to occur.  Although home insurance...

read more

(Your home may be repossessed if you do not keep up repayments on your mortgage)

We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)

For Lifetime Mortgages/Equity Release the fee will be £799.

Our mission is to provide honest mortgage advice, whilst helping you save money.

Get in contact

Flexible appointments

Or call —02380224925


Providing helpful and friendly mortgage advice in Southampton

First Floor, 9 Salisbury Road, Totton, Southampton, SO4O 2HW

02380 224 925

South Coast Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: 59 The Avenue, Southampton, Hampshire, SO17 1XS. Registered Company Number: 08414746 Registered in England & Wales.