Critical Illness Benefit

Why choose the Critical Illness Benefit?

The Hollard Group Risk Critical Illness Benefit enables an insured to fund lifestyle changes in the unfortunate event of being diagnosed with a critical illness. We’ve recently updated our product with what we consider to be more relevant and valuable.

We now offer our Critical Illness Benefit on a stand-alone basis which means that it no longer needs to be attached to an existing death benefit, although the original death and Critical Illness Benefit option is still available.

Critical Illness Benefit options

• Death and Critical Illness Benefit: the insured is covered for a death benefit underwritten by us. The death benefit must be greater than or equal to the critical illness benefit. If we pay a critical illness benefit for an insured, we will reduce the insured’s death benefit by the amount we paid for the critical illness. If the insured survives for a specified period after being diagnosed, we will restore the death benefit back to the level it was before the diagnosis. This period is called the survival period and clients can select a survival period of 30, 90 or 120 days.
• Stand-alone Critical Illness Benefit: the insured does not have to have a death benefit in place. We will only pay the benefit if the insured survives for a period of 14 days from the date of the occurrence of the critical illness.