Serious Illness Insurance pays a lump sum benefit if you are diagnosed with a specified serious illness including cancer, benign brain tumour, heart attack, diabetes, stroke or coronary artery bypass.
There are three levels of cover:
- Standard cover – $50,000
- Plus cover – $100,000
- Premium cover – $200,000
It also includes built-in features that give you more at no extra cost:
- We automatically increase your benefit amount each year by a minimum of 5% to ensure the value of your cover is maintained (your premium will also increase with this)
- Flexibility to put your cover on hold for up to 12 months