Can my children go on my critical illness plan ?
With critical illness insurance, you also have the ability to protect your children. However, critical illness insurance will not make a payment if your child happens to pass away before the survival period of 14 days have elapsed. To undergo the survival period, an acceptable disease under the particular critical illness insurance policy has to be claimed first. Critical illness insurance may as well refuse a payout if the child has birth health defects or has contracted a disease prior to taking out the plan.
You should be careful to pay attention to all the stipulations found in your critical illness insurance policy documents. Missing out on something can cause confusion with your insurers in the future and you might even end up with no cash lump sum in hand at all. That would be a disaster if you really need money to cure your suffering child. Check out for exclusions and have a good look at the definitions for all the diseases covered. It is vital that you claim for an illness which is completely in rule with the definitions found in your policy. In case the claim matches the definition for the appropriate disease, proof from your doctor has to be obtained before the claim is assessed and classed as accepted.
Childrens cover is an added extra on the policy, this is given free of charge on most contracts and can offer a little bit of extra peace of mind. The childrens cover is one of the popular claims on critical illness insurance plans, there is no formal underwriting for childrens cover, however pre existing illnesses or problems are not covered in the plan. But if you natural child, legally adopted or step children were to suffer from a critical illness you would recieve a lump sum from the policy.
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