Critical Illness Insurance

What is Critical Illness Insurance?

The current way of life, diet, fast pace of everyday life, stress and anxiety are often the cause of serious diseases. The aim of critical illness insurance, is the financial support of the insured and his family, after the diagnosis of a serious disease or critical illness, a serious injury or a serious state of health. After the occurrence of a critical illness or serious health condition, despite the psychological support, the insured person needs immediate capital for survival and costs for changes in his everyday life.

The insured value that has been agreed is paid regardless of whether there is hospitalization of the insured or not and usually is paid either in lump sum (one installment) one month after the date of diagnosis, or gradually (in installments). It is not compulsory for a public service to verify the seriousness of the insured’s state of health.

How much critical illness insurance cover can someone get? 

The amounts that someone can be covered for critical illness insurance starting from 10.000 € and can overcome 1.000.000€.

Critical Illness insurance can be a stand-alone policy?

The insurance for critical illnesses can be incorporated into a health/ life insurance policy or can be a standalone contract. Additionally, if someone has a health insurance policy and coverage for critical illnesses, beyond the hospital expenses that will be covered for the improvement of his health condition, he will also receive the agreed capital from the cover of serious diseases.

Which cases are covered:

Cases of serious illness covered by a serious illness insurance policy are indicative: Myocardial infarction, Coronary heart disease requiring surgery (at least double bypass), Stroke, Cancer, Blindness, Basic organ transplant, Cardiac valve surgery, Aortic surgery, Systemic scleroderma, Εnd-stage liver cirrhosis, Heavy burns of 3rd degree, Multiple Sclerosis, Parkinson’s Disease, Alzheimer’s Disease, Severe Dementia, Paralysis (unable to use limbs), Major head trauma, Loss of limbs, HIV, deafness, renal failure, paraplegia, quadriplegia etc.

What ages can be insured with a Serious Illness Insurance policy?

The ages covered by a serious illness insurance policy are usually 18 to 65 years old, with a maximum age of onset of 60 years. In addition, is possible to give coverage to children from 1 year to 17 years old (CNP insurance)