Posts Tagged ‘life critical illness’

What claims are paid out on critical illness insurance ?

Wednesday, October 8th, 2008

Obviously the claims paid on a critical illness insurance policy will relate directly to the company you decide to take the plan out with. As some providers will cover some illnesses that others dont. However there are core condtions in the majority of contracts that are the majority of claims that get paid out. The majorty of the claims made are on cancer. This then can be broken down into the different types of cancer that people can be affected by. The most claimed on type is breast cancer then malignant melanoma, prostrate, cervical, testicluar and bowel cancer. The second most popular claim is heart attack and this is mainly by males with stroke once again affecting the males a close thrid.

It is important to look at the claims statistics of the company you are considering taking a contract with as they can vary greatly. Afterall you dont want to take a contract with a company that has a poor record of paying out as it will be like wasting your money.