Specified Illness Cover provides payment of a capital sum if the life assured is diagnosed as suffering from a specified illness which is covered by the particular policy chosen. The policies are designed to make a single payout.
Types of Specified Illness cover
Independent Specified Illness cover
Where customers choose Life & Specified Illness insurance cover, in the event of a Specified Illness claim their life insurance cover is unaffected.
Accelerated Specified Illness cover
Where customers choose Accelerated cover, the life insurance cover chosen is either reduced or cancelled as a result of a Specified Illness insurance claim.