Dread disease cover, also known as critical illness cover, gives the insured financial protection should you fall victim to a serious illness like cancer or a heart attack.
A 1Life Dread Disease Cover policy pays out a tax-free lump sum if the insured person is diagnosed with one of the illnesses listed in his/her policy document. This pay-out can be used to cover medical expenses not covered by a medical aid, especially out of hospital expenses, or to pay basic living expenses while the insured recuperates.
For some, a critical illness might mean a reduced life expectancy. Your pay-out gives you the funds you need to work less, or even stop working completely, and spend time with family members without worrying about medical bills.
Female dread disease cover gives women financial protection against female-specific cancers such as breast or cervical cancer. Up to four children can also be insured against cancers like leukaemia and brain tumours.
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