Critical Illness Benefits - Altrisk

By: Altrisk  11-11-2011

Critical illness insurance is exactly that – insurance that offers cover to the life insured should they develop or contract a critical illness. Why's it important? Because people don't always know what's lurking in their family trees, and many critical illnesses are actually inherited.

The 4 main critical illness conditions – which incidentally account for 75%-90% of all critical illness claims – are heart attack, cancer, stroke and coronary artery bypass graft (CABG).

We cover all 4 of these conditions under our 3 critical illness benefits: Basic, Core and Comprehensive. Our Basic benefit covers the above mentioned 4 main critical illnesses while our Core and Comprehensive benefits cover a total of 33 conditions and 54 conditions respectively.

All 3 of these benefits offer:

  • 2 payout options: maximum (100%) or severity based (25-100%)
  • Maximum cover of R4 million
  • 2 guarantee periods: fixed (15 years) and experience rated (annually reviewable)
  • Standalone or accelerated options
  • A 14-day survival period
  • Term up to age 65 or for life
  • A minimum entry age of 18
  • A maximum entry age of 65

Our Comprehensive Critical Illness benefit not only includes a catch-all benefit and automatic reinstatements, but even has a children's benefit, allowing the insured to claim for their children should they suffer from any of the conditions included under this benefit. And children's claims under this benefit don't affect the insured's cover.


Benefits in this range:


Other products and services from Altrisk

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Ancillary - Altrisk - for life

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Disability benefits - Altrisk - for life

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Income replacements - Altrisk - for life

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Specialist benefits are those products that generally fall outside the normal range of benefits we offer.


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Guaranteed Insurability - Altrisk - for life

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