Specified Illness Cover pays you a lump sum if you are diagnosed with an illness covered in the policy. This means that you and your loved ones are protected financially. A specified illness policy differs from life cover or mortgage protection, which provide financial benefits in the event of your death. Instead it provides essential financial support for medical bills, hospital travel, childcare costs and more. It means you can concentrate on getting better.
The specified illnesses covered depends on the policy which you take out. These can include illnesses such as heart attack, cancer or stroke. For the full list of illnesses covered, please contact us on (01) 408 6288.
Life stages come and go, bringing changes in your circumstances which will impact on the type of cover you need. A review will make sure you change your cover to fit your needs.
There are hundreds of specified illness policies on the Irish market – with new types of cover, at better prices, becoming available monthly. So shop around and review.
You may find you’re over or under-insured, or that you can make great savings.
Standalone Specified Illness
- This pays a lump sum if you are diagnosed with one of the specified illnesses listed on the policy
- The premium and benefits are fixed
Accelerated Specified Illness
- The premium and benefits are fixed
- It is often taken out in addition to Life Cover or Mortgage Protection
- A claim for a Specified Illness reduces the amount of Life Cover that you have remaining
