The main difference between Critical Illness Cover and Terminal Illness Cover is that Critical Illness Cover is designed to payout if you are diagnosed with one of the specified critical illnesses that we cover. Terminal Illness Cover pays out if you are diagnosed with a terminal illness (when life expectancy is less than 12 months).
What’s more, Critical Illness Cover is added at an extra cost when taking out Life Insurance or Decreasing Life Insurance, whereas Terminal Illness Cover is automatically included with these policies at no extra cost.
Finally, a Terminal Illness Cover payout brings a life insurance policy to an end; in contrast, Critical Illness Cover can pay out separately to your life insurance. Learn more about the differences between terminal illness cover and critical illness cover.