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Comparing illness insurance

Comparing illness insurance

Having a heart attack is not the best time to find out that you could have claimed a lump sum cash payment, if you had taken cover through another insurance company. Different insurance companies have different ideas of what triggers a claim for trauma cover. Generally in terms of how advanced an illness should be.

There are fairly transparent and although policy details can be vast, there are different comparison tools available for insurance advisers. Please note many insurance advisers may only be able learn the ins and outs of a limited number of insurance companies. Hence the comparison your adviser makes may have a different set of companies to another adviser.

Some of the areas where we see a difference

Here are some key areas where insurance providers can vary.

Angioplasty seems to be very fashionable these days, however some insurance companies may only pay partially or nothing if the number of stents is low.

Cancer 0 or carcinoma in situ, or a growth before it has spread or become cancer, could mean some type of payment from some companies, although it might have to be more serious before a full payment.

Blindness and hearing are both areas where there can be distinction between if there is loss of one or two.

You can always contact our in house adviser for a review of what you have.

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