Critical Illness insurance is designed to pay out a lump sum benefit in the event that your client is diagnosed with a serious critical illness as defined by the insurance provider and survive 30 days. A critical illness insurance pat out helps policyholders avoid the financial strain a major illness can create so they can focus on their recovery and better manage their changed circumstances. It gives them the freedom to afford the treatment they need and keep their home and other assets.

 
Critical Illness insurance payments are made monthly, quarterly, semi-annually or annually, and the premium which your client can afford will dictate the level of benefit they will receive should they suffer from a covered illness.

This plan is issued between the ages of 20 and 60 with a maximum face amount of 10,000,000 GYD (XCD 1,500,000) and has coverage until the age of 70. The premiums are payable until the age of 70 and are split into 4 categories, Male, Female, Nonsmoker, Smoker.