CRITICAL INSURANCE

No one plans to fall ill — but when life takes an unexpected turn, are you financially prepared? Critical Illness Insurance is your financial shield, supporting you when you need it most.

No one plans to fall sick — but what if life takes an unexpected turn? Are you prepared for the financial impact it could have on your family? Illness can strike at any age and time, affecting not only your well-being but also your financial stability.

That’s where Critical Illness Insurance from Instant Life Insure steps in — your shield against the financial setbacks that come with serious health conditions.

This specialized health insurance provides a lump-sum payout if you’re diagnosed with a covered critical illness. The benefit can serve as a replacement for your lost income while you recover, and help cover medical bills, travel expenses, or any other costs — giving you the freedom to focus on your recovery without added financial stress.

n Canada, the Critical Illness Insurance covers a full benefit payout of 25 critical illnesses for adults and 5 child critical illnesses. In addition, there 8 more illnesses that are eligible for a partial payout which are as follows: 

  • Alzheimer’s Disease 
  • Aortic Surgery 
  • Aplastic Anaemia 
  • Bacterial Meningitis 
  • Benign Brain Tumour 
  • Blindness 
  • Cancer (Life-Threatening) 
  • Coma 
  • Coronary Artery Bypass Surgery 
  • Deafness 
  • Heart Attack 
  • Heart Valve Replacement 
  • Kidney Failure 
  • Loss of Independent Existence 
  • Loss of Limbs 
  • Loss of Speech 
  • Major Organ Failure on Waiting List 
  • Major Organ Transplant 
  • Motor Neuron Disease 
  • Multiple Sclerosis 
  • Occupational HIV 
  • Paralysis 
  • Parkinson’s Disease 
  • Severe Burns 
  • Stroke 

In addition to the above, the Critical Illness Insurance also includes 5 childhood illnesses that are eligible for a full-benefit payout. Coverage for these conditions expires once the kid reaches the age of 24.  

  • Cerebral palsy 
  • Congenital heart disease 
  • Cystic fibrosis 
  • Muscular dystrophy 
  • Type 1 diabetes 

There are 8 critical conditions eligible for a partial payout covered under the Critical Illness Insurance. The treatment for these illnesses is considered to be less severe in comparison to others, yet very effective. 

The illnesses covered under partial payout are eligible for a benefit payment up to 15% of the CI coverage or a maximum of $50,000. Each illness can be claimed once to a maximum of 4 illnesses.  

  • Cancer – chronic lymphocytic leukemia (CLL) Rai stage 0 
  • Cancer – ductal carcinoma in situ of the breast 
  • Cancer – gastrointestinal stromal tumors classified as AJCC Stage1 
  • Cancer – grade 1 neuroendocrine tumors (carcinoid) 
  • Cancer – papillary or follicular thyroid cancer stage T1 
  • Cancer – stage 1A malignant melanoma 
  • Cancer – stage A (T1a or T1b) prostate cancer 
  • Coronary angioplasty 

travel insurance will save you from any unforeseen expenses

  • The money received from a Critical Illness Plan is a tax-free living benefit. 
  • The coverage amount received from a Critical Illness Insurance involves no restriction on its usage and can thus aid in covering up for any financial burdens. 
  • The insurance can be personalized as per an individual’s specific needs and can enable you to seek the best-suited treatment or accommodations you require without jeopardizing your family’s financial security. 
  • There are options available for the coverage of your spouse and dependent child. 
  • The insurance coverage also aids in providing financial support in case there is need for a professional medical help at home. 
  • Most products of critical illness insurance comprise of a free medical second opinion service. 
  • The critical illness insurance plan is available to use till the age of 75. If nothing happens before that, your critical illness insurance matures for its Money Back Plan, which comprises of 2 components or scenarios: 

 

  • ROPD – Return of Premium on Maturity 
  • ROPM – Return of Premium on Death 

 

Here, the premium amount is completely returned to you or your family on either death or maturity of your plan. It is just a forced saving that involves nothing to lose. 

At Instant Life Insure, we connect you with the best plans and exclusive offers on Critical Illness Insurance. Backed by partnerships with Canada’s top insurance providers, our expert advisors are here to help you find a plan that fits your budget and unique needs.

The best part? You can get started with a free initial consultation — no pressure, just personalized guidance to protect your future.