Choice of cover
Critical Illness Standard
Critical Illness Plus
Minimum entry age
18
Maximum entry age
60
Benefit expiry age
Plan anniversary after the insured person turns 80
After the insured person turns 70, cover is only provided for loss of independent existence
Minimum sum insured that can be applied for
$25,000
Maximum sum insured that can be applied for
$1,000,000 (at cover commencement)
$2,000,000 (in total over the life of plan)
Premium types
Stepped premium
Level premium to age 65 (reverts to stepped after the insured person turns 65)
Level premium to age 70 (reverts to stepped after the insured person turns 70)
Funding options
Critical Illness Cover is only available outside of superannuation
Product structure combinations
Stand-alone Critical Illness Cover
Critical Illness Cover attached to Life Cover
Critical Illness Cover linked to Life Cover
Provides a one-off, lump sum payment, if the insured person suffers a listed critical illness.
If Critical Illness Plus has been chosen, we’ll pay a portion of the sum insured if the insured person suffers a partial critical illness such as the permanent loss of sight in one eye or is diagnosed with early stage cancer (if listed under this cover type).
If the insured person suffers paralysis, we will pay two times the sum insured, up to a maximum of $2,000,000.
Indexation benefitTo help ensure cover keeps pace with the cost of living and maintains real value, we automatically increase the Critical Illness Cover sum insured each year by the higher of 5% or the percentage increase in the Consumer Price Index. Suspending cover benefitCover can be suspended for up to 12 months if the insured person is experiencing financial hardship. Accommodation benefitWe’ll reimburse an immediate family member’s accommodation costs, by up to $250.00 per day, if the insured person is confined to bed and a family member has travelled to be with them. Future increase benefitThe Critical Illness Cover sum insured can be increased after certain specified events without having to provide further medical or health information.
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Waiver of premium while involuntarily unemployed benefitWe’ll waive premiums for up to three months if the insured person becomes involuntarily unemployed. Financial advice benefitIf we’ve paid a Critical Illness Cover benefit, we’ll reimburse up to $3,000 for the cost of a financial plan from a qualified Financial Adviser. Grief support benefitIf we’ve paid a Critical Illness Benefit, we’ll reimburse up to $1,000 for the cost of grief counselling sessions. Child’s critical illness benefitWe’ll pay $10,000 if a child who is financially dependent on the insured person dies, is diagnosed with a terminal illness or suffers a critical illness event. |
In addition to the key benefits and valuable features, under certain circumstances a Disability Premium Waiver Option, Life Cover Buy Back Option and/or Accelerated Life Cover Buy Back Option can be added to Critical Illness Cover for an additional cost. See Product Disclosure Statement for details.