Critical Illness Insurance for Juveniles
Critical illness insurance for juveniles offers peace of mind and financial support in case of serious illness. It provides a lump-sum payment for medical costs, experimental treatments, travel expenses for specialized care, and can also cover lost income or everyday expenses while caring for their child, helping families maintain stability during difficult times. Obtaining this insurance early ensures lower premiums and long-term protection, prioritizing the child’s well-being without financial concerns.
Obtaining this insurance early not only secures lower premiums but also offers long-term protection, granting families peace of mind and the capacity to concentrate on their child’s health and recovery without financial worry.
In summary, critical illness insurance for juveniles is indispensable for families confronting potential health crises. It provides essential financial relief and support, covering medical expenses and alleviating the strain on families.
Examples of Covered Conditions
- Acquired Brain Injury
- Aortic Surgery
- Aplastic Anaemia
- Bacterial Meningitis
- Benign Brain Tumour
- Blindness
- Cerebral Palsy
- Coma
- Congenital Heart Disease
- Coronary Artery Bypass Surgery
- Cystic Fibrosis
- Deafness
- Heart Attack
- Heart Valve Replacement or Repair
- Kidney Failure
- Life-threatening Cancer
- Loss of Limbs
- Loss of Speech
- Major Organ Failure on Waiting List
- Major Organ Transplant
- Motor Neuron Disease
- Multiple Sclerosis
- Muscular Dystrophy
- Paralysis
- Severe Burns
- Stroke
- Type 1 Diabetes Mellitus
Examples of Plans
10-Year Renewable to Age 75:
- Offers coverage until age 75, with stable premiums over a ten-year period. Subsequently, at the commencement of each new 10-year interval, premiums rise by a fixed amount until approaching age 75.
20-Year Renewable to Age 75:
- Offers coverage until age 75, with level premiums over a twenty-year period. Subsequently, at the commencement of each new 20-year interval, premiums rise by a fixed amount until approaching age 75.
Term to Age 75, Payable for 15 Years:
- Offers coverage until age 75, that becomes fully paid-up after a 15-year premium payment period.
Term to Age 75, Payable for 20 Years:
- Offers coverage until age 75, that becomes fully paid-up after a 20-year premium payment period.
Level Premium Term to Age 25:
- Offers level premiums until age 25. When coverage ends, convert some or all of your coverage to an available critical illness insurance policy without showing proof of health. At conversion rates based on age 25.
Level Premium Term to Age 75:
- Offers coverage with level premiums until coverage expires at age 75.
Level Premium Lifetime Coverage, Payable for 10 Years:
- Offers lifetime coverage that becomes fully paid-up after a 10-year level premium payment period.
Examples of Riders
Return-of-Premium at Death Rider:
- Refunds total eligible premiums paid if the insured passes away without making a critical illness claim, ensuring a death benefit for beneficiaries. Subject to qualification criteria.
Return-of-Premium at Expiry Rider:
- Refunds total eligible premiums paid if the insured survives the term without a critical illness claim, providing a return of the premiums at policy expiry.