Sentences with phrase «dread disease policy»

Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.

@kyith I would never buy a dread disease policy; typically the claim pmt / premiums ratio is low.

Choose our Disablement Premium Waiver option, which pays the premiums of your pure life and dread disease policy on your behalf for a period of up to five years if you become disabled and the full cover amount of your disablement policy is paid out

Employers should be utmost clear of hospital indemnity policies and dread disease policies.

Dread disease policies cover particular illnesses, but turn out to be lot more expensive than is warranted by the probability of contracting one of these diseases.

Not exact matches

Most people decline to continue the policies at this point unless they have contracted a dread disease and expect to die soon.

While financial planners are of the view that one is better off buying a critical illness cover, which covers several major ailments in one policy, industry insiders say that a disease - specific policy like cancer cover should be considered as it offers more comprehensive cover against this dreaded ailment at an affordable price.