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Critical Illness Protector

The Critical Illness Protector is a non-medical plan that provides a lump sum cash benefit in the event that you are diagnosed with cancer, heart attack, coma, paralysis and major burns.

Full definitions for the purpose of the plan are given in Section 8 of this brochure.

Purpose of the Critical Illness Protector Plan

The Critical Illness Protector Plan provides a living benefit directly to the insured. The amount paid out can be used for any purpose, from immediate health-related costs to more general financial concerns such as looking after business, assets, or family — freeing the insured to concentrate more closely on getting healthy.

While advances in medicine may mean that you are likely to survive for some time after being diagnosed with one of these conditions, coping with a critical illness will not be cheap.

The technology that may save your life can destroy your financial well-being. Recovery is often lengthy and expensive, involving loss of income in addition to the costs of treatment. The lump sum paid by the Critical Illness Protector is tax-free and will help to ease your financial worries while you undergo treatment and recuperate.

Coverage Available

Ten (10) options for coverage are available to suit your needs:

  • $500,000
  • $500,000
  • $750,000
  • $1,000,000
  • $1,250,000
  • $1,500,000
  • $1,750,000
  • $2,000,000
  • $2,250,000
  • $4,000,000

The maximum sum insured per life insured is $4 million.


The Sum Insured less any indebtedness is paid on the first diagnosis of most forms of cancer, a heart attack, coma, paralysis or major burns, provided that the diagnosis does not occur during the first 180 days after the date of issue. Where the diagnosis occurs during the first 180 days after the date of issue, the benefit is restricted to the return of all planned premiums paid. Claims must be made no later than 6 months after the diagnosis.

Premium Payments

Premiums are payable either monthly or annually for 20 years, the expiry date. A policy fee as determined by the company from time to time will be added.

The company has the right to change the premium rate and the policy fee at any time, with the new rate taking effect 45 days after due notice of the change is given in writing by the Company.

No Claim Bonus

A full refund of all planned premiums will be paid upon the death of the life insured, provided that all premiums have been paid.

Fifty percent (50%) of all planned premiums will be paid on the expiry date, provided that all premiums and policy fees have been paid in full. The expiry date is the 20th anniversary of the date of issue.


Once the policy is in force it cannot be cancelled by the company. However, the policy shall cease to be in force if any premium is outstanding for longer than 30 days. The policy also ceases on the payment of any benefit.


Cancer means a malignant tumour characterised by the uncontrolled growth and spread of malignant cells and invasion of tissue. Cancer includes leukaemia and Hodgkin’s disease but excludes all tumours which are histologically described as pre-malignant, as non-invasive or as cancer in situ; all forms of lymphoma and Kaposi’s sarcoma in the presence of any Human Immunodeficiency Virus; and any skin cancer other than malignant melanoma.

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