Critical Illness
Standard
Option
Overview
The Critical Condition Benefit is an advance lump sum payment of all or part of the Death Benefit and provides financial protection in the event of certain critical illnesses (dread disease). 16 Diseases are covered on the standard option.
Reinstatement options
Reinstatement options available for schemes with the Death Benefit and the Critical Condition Benefit are:
No reinstatement option
Allowing reinstatement when a member survives 31 days after a critical condition incident
If the reinstatement option is selected and the member meets the reinstatement option requirements, the Death and Critical Condition Benefit will be reinstated. The Critical Condition Benefit claimed for any associated incident, which is predefined in the policy are not reinstated, but all other conditions are.
Accelerated/stand
alone option
Either option may be selected.
ASISA Critical
Illness disclosure
Our dread disease benefits are aligned with the critical illness definitions recommended by the Association for Savings and Investment South Africa (ASISA). This ensures that the products are objective and consistent with the minimum industry standards.
Reinstatement options
Reinstatement options available for schemes with the Death Benefit and the Critical Condition Benefit are:
No reinstatement option
Allowing reinstatement when a member survives 31 days after a critical condition incident
If the reinstatement option is selected and the member meets the reinstatement option requirements, the Death and Critical Condition Benefit will be reinstated. The Critical Condition Benefit claimed for any associated incident, which is predefined in the policy are not reinstated, but all other conditions are.
Comprehensive
Option
Overview
The Critical Condition Benefit is a lump sum paid in full or in part to a member who has a stated critical condition event.
An additional 27 Disease are covered under the Comprehensive option. Payouts are dependent on the severity level of the disease, 100% being the worst severity and 25% being the least severe.
Reinstatement
options
These options are available in schemes with group life benefits. The reinstatement will occur when the member survives 31 days after a critical event.
Accelerated/
stand alone
option
Either option may be selected.
Benefits
- *Stroke
- Multiple sclerosis
- Motor neuron disease
- Coma
- Blindness
- Heart attack
- Coronary artery disease requiring surgery
- Heart valve surgery
- Cancer
- Diplegia
- Paraplegia/paralysis
- Quadriplegia
- Major burns
- Kidney failure
- Major organ/bone marrow transplant
- Alzheimer’s disease
- Parkinson’s disease
- Progressive Dementia
- Intracranial aneurysm
- Arterio-venous malfunction
- Renal failure
- Respiratory failure
- Chronic liver failure
- Aplastic Anaemia
- Pericardial disease
- Arrhythmias
- Peripheral Vascular disease
- Aortic Aneurysm
- Inflammatory Bowel disease
- Chronic Pancreatitis
- Muscular Dystrophy paralysis
- Rheumatoid Arthritis
- Leukaemia
- Loss of hearing
- Loss of sight
- Traumatic Brain Injury
- Loss of and loss of use of limbs
- HIV due to:
- Occupational needle stick injury (medical or dental)
- Practitioner or registered nurse
- Rape or indecent assault
- Organ transplant
- Blood transfusion