Critical Illness Cover: What's Covered?

Your Smart Insurance Life Policy will pay out a lump sum benefit to your loved ones if you die of natural causes, or were diagnosed with a terminal illness by a medical practitioner, with 12 months or less to live.


That gives you tremendous peace of mind that your family will be taken care of financially after you die, and that they can cover the cost of your funeral and other expenses - even your mortgage, depending on the type of policy you’ve taken out. 


However, it doesn’t take a death for things to fall apart financially. That’s why we offer Optional Critical Illness cover, so you can keep the wheels turning if you’re not able to work, and keep your heads above water while you get yourself back to health. 


What is critical illness cover? 


Critical illness cover is an option on our Family Life policy. It pays out a lump sum to you and your family if you fall seriously ill.


By Critical Illness, we mean the handful of life-changing conditions that will make a significant impact on your life and earning potential.


That means cancer, coronary artery by-pass grafts, heart attack, and any stroke that results in permanent symptoms. If you were to suffer one of these illnesses, it’s unlikely you’ll be able to carry on working for quite some time, so you’ll be glad for the extra cover to keep the bills paid. 


How does critical illness cover work?


You can choose a Critical Illness benefit amount of up to 50% of your selected Smart Life Insurance benefit amount. You don’t have to give up the latter, so your family will still receive the Life Insurance benefit if you die, but you can spend the Critical Illness benefit as you choose.


Some people use it to keep the bills paid, others put it towards rehab or recuperation. However, your Life Insurance benefit will be reduced by the amount of your Critical Illness benefit (with a corresponding reduction in your premium).


In effect, you’re cashing in a portion of your Life Insurance benefit amount early. 


Who can get critical illness cover? 


Our Optional Critical Illness cover is available to anyone with a Smart Life Insurance policy. To avail of this cover, you must be a UK resident aged 18 and under 60 .


Please be aware that this is an optional extra, meaning you can't get critical illness cover by itself.


What is not covered under critical illness?


Because the Critical Illness cover is payable while you’re still alive, we do have to be more prescriptive than usual about what is and what is not covered (unlike our Life Insurance cover, for which we don’t require a medical).


For example, some types of cancer are not covered, typically those that are not classed as malignant, as well as prostate cancer, skin cancer and thyroid tumours (with some exceptions).


We also can’t cover any critical illness that is the result of a suicide attempt or self-inflicted injury, or one which occurs during the first three months of the policy. 


When does critical illness cover end? 


Critical illness cover ends when one of the following events occurs - your death (at which point your Life Insurance benefit will be paid), payment of the Critical Illness benefit, cancellation of your payment, or the policy anniversary after you reach 64.


Your Optional Critical Illness cover would  also end if you cancelled your Smart Insurance Life policy. 


None of us knows when our time will come to an end. That’s why we have Life Insurance.


We can never be sure that we won't have to face a critical illness at some point in our lives. Critical illness cover allows us to prepare for the worst if the time should come. It can give us the peace of mind we need, even when we're physically unwell.