Critical Illness

A person running along a mountain trail — representing the importance of critical illness insurance for maintaining financial stability during unexpected health challenges.

Critical illness insurance pays you a tax-free lump sum if you’re diagnosed with a covered condition such as cancer, heart attack, or stroke. (Depending on your specific policy) This money can be used for anything — recovery, family bills, time off work, childcare, or even alternative treatments. It gives you financial breathing room during one of the hardest moments of your life. With coverage in place, you can focus on getting better instead of worrying about expenses.

A parent lifting a baby — representing young families protecting their financial future with life insurance.
A woman with curly hair smiling and holding a keychain with a house-shaped key and a small house pendant in an outdoor setting with buildings and trees in the background.
A young woman in a light blue shirt and pastel apron smiling at the camera in a kitchen or bakery setting, with baking supplies around her.
A woman and a young girl sitting on a white sofa in a bright living room, smiling. The woman has brown hair and is wearing a pink and orange traditional dress with embroidery. The girl has dark hair, is wearing an orange top and a pink skirt, and is smiling at the camera.

Who it’s for

  • Individuals and families

  • Homeowners with financial obligations

  • Parents who need stability during a health crisis

  • Business owners or self-employed individuals

  • Anyone without long-term savings to cushion a diagnosis

  • People with a family history of serious illness

A young boy and a man, likely his father, lying on the floor surrounded by moving boxes, with a toy car and a teddy bear in the background. The boy is pointing at a framed photo or artwork held by the man.

Different Kinds of Critical Illness Insurance

Term Critical Illness Insurance

  • Covers you for a set period (10, 20, or 30 years)

  • More affordable and ideal for temporary needs (mortgage, kids at home, etc.)

  • Pays a tax-free lump sum on diagnosis

  • Great for people wanting strong protection at a lower cost

Permanent Critical Illness Insurance

  • Coverage lasts a lifetime, as long as premiums are paid

  • Your coverage amount stays the same — even if your health changes later

  • Builds long-term financial stability

  • Ideal for people who want lifelong protection and guaranteed peace of mind

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  • Coverage varies by insurer, but commonly includes these 25 illnesses:

    Life-threatening cancer
    Heart attack
    Stroke
    Coronary artery bypass surgery
    Major organ failure
    Organ transplant
    Kidney failure
    Multiple sclerosis
    Parkinson’s disease
    Alzheimer’s disease
    Dementia (advanced)
    Motor neuron disease (e.g., ALS)
    Benign brain tumour
    Loss of limbs
    Loss of independent existence
    Severe burns
    Blindness
    Deafness
    Paralysis
    Coma
    Aortic surgery
    Heart valve replacement or repair
    Severe infection (e.g., bacterial meningitis)
    Occupational HIV
    Pulmonary hypertension (primary)

  • Anything you need. Income replacement, mortgage payments, travel for treatment, medication, childcare, home care, or simply taking time off work — the money is yours, tax-free.

  • No. Disability insurance replaces monthly income, while critical illness pays a one-time lump sum as soon as you're diagnosed. Many people choose both for full protection.

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