Critical illness
A Critical Illness plan provides a lump sum payment if you are diagnosed with one of the specified serious illnesses. It is commonly added to a life insurance policy as an extra benefit, though it can also be taken out as a separate policy on its own.
- Lump Sum Payout
- Wide Range of Illnesses Covered
- Financial Support During Recovery
- Available as Add-On or Standalone
The Importance of Critical illness cover
Financial Support During Illness
Provides a lump-sum payment if diagnosed with a serious illness such as cancer, heart attack, or stroke.
Helps Manage Living Costs
The payout can be used for medical expenses, mortgage payments, or daily living costs while unable to work.
Customisable Coverage
Customers can choose the level of cover and which illnesses are included, based on their needs and budget.
Peace of Mind for the Future
Offers reassurance that a major illness won’t lead to financial stress, protecting both the individual and their family.
Documents Required for Critical illness
To process your Critical illness application smoothly, you will need to provide several documents. These may vary depending on your employment status and personal circumstances
Proof of Identity
Valid passport
UK/EU photocard driving licence
National identity card (if applicable)
Proof of Address
Recent utility bill (within 3 months)
Bank or building society statement
Council tax bill
Mortgage or tenancy agreement
Proof of Income
Latest 3 months’ payslips (for employed)
P60 (annual income summary)
For self-employed: SA302 forms or HMRC tax returns and business accounts (1–2 years)
Medical and Health Details
Full medical history and any pre-existing conditions
Current medication or treatments
Height, weight, smoking and alcohol habits
GP contact information (insurer may request a medical report or exam)
Bank Details
Bank account details for monthly premium payments (Direct Debit setup)
Mortgage Information
Mortgage offer or agreement document
Property address and loan amount
Lender’s name and mortgage term
Existing Insurance Details (if applicable)
Details of any existing life or critical illness policies
Things to Consider
Cover Amount
Make sure the payout is enough to repay your mortgage or cover remaining payments if you become seriously ill.
Type of Cover
Choose decreasing cover for repayment mortgages (reduces with your balance) or level cover for interest-only mortgages.
Illnesses Covered
Check the list of conditions — most policies cover major illnesses like cancer, heart attack, and stroke, but definitions differ by insurer.
Premium Type
Pick between guaranteed premiums (stay fixed) or reviewable premiums (can rise over time).
Health and Lifestyle
Your medical history, age, and lifestyle (e.g. smoking) affect cost and eligibility.
Exclusions
Understand what’s not covered — such as pre-existing conditions or less severe illnesses.
Added Benefits
Look for children’s cover, partial payouts, or waiver of premium during illness.
Find Out Answers Here
Critical illness policies vary between insurers — not all types of cancer, heart attack, or stroke may be covered. It’s important to review the policy details carefully.
Be honest and open about your medical history so your adviser can help you choose the right cover.
- Repay a loan or mortgage
- Cover time off work
- Pay for home adjustments or specialist care
It’s not legally required, but highly recommended. It helps you repay your mortgage or cover bills if you can’t work due to a serious illness.