Life insurance
Critical Illness Plan
A lump sum if you are diagnosed with one of 20 listed serious illnesses and survive 30 days after diagnosis.
- Sold in
- Guyana
- Currency
- GYD
- Plan
- 9000
- Underwritten by
- Demerara Mutual Life Assurance Society Limited
Who it suits
Who should consider Critical Illness Plan
For people who want money to pay for treatment, replace lost income and keep up the mortgage while they recover.
Cover
What it pays
If you are diagnosed with one of the 20 illnesses listed in the policy and survive 30 days after the first diagnosis, the sum insured is paid to you. How you spend it is up to you. The benefit is paid once.
The illnesses covered are: Alzheimer's disease, blindness, cancer, coma, coronary artery bypass surgery, deafness, heart attack, heart valve replacement, kidney failure, loss of limbs, major burns, major organ transplant, motor neurone disease, multiple sclerosis, paralysis, stroke, aortic surgery, benign brain tumour, loss of speech and Parkinson's disease. Each has a medical definition in the policy; some early-stage or less severe cases are not covered.
No benefit is paid for an illness diagnosed within six months of the policy start or reinstatement date. For cancer, there is also no cover if the cancer is diagnosed, or symptoms and investigations leading to it begin, within 90 days of the start or reinstatement date.
If you die while the policy is in force and no illness benefit has been paid, 10% of the sum insured is paid as a death benefit. Cover runs to age 70. Maximum cover is GYD 10,000,000 (XCD 1,500,000).
At a glance
Key features
- Lump sum paid to you, to use as you choose
- 20 covered illnesses, defined in the policy
- Six-month waiting period; 90-day exclusion window for cancer; 30-day survival period
- 10% of the sum insured paid on death if no illness benefit has been claimed
- Level premiums to age 70, payable monthly, quarterly, half-yearly or yearly
- Exclusions apply, including self-inflicted injury, criminal acts, war, drug or alcohol abuse and hazardous pursuits
- Also available as a rider on Life Lines and the whole-of-life plans, with a 90-day waiting period and 30-day survival period
Eligibility
Who can apply
Issued to people aged 20 to 60. Fully underwritten. Premiums are set by your age at issue, sex and smoking status.
Maintained by Life OperationsUpdated
Compare
Other life insurance plans
- Future BuilderLevel term life insurance for a fixed number of years or to a set age. There is no savings element, which keeps the premium low.Plan details
- Future Builder SuperLevel term life insurance that returns 60% of the premiums you paid if you are alive at the end of the term.Plan details
- Super Life ProtectorWhole-of-life cover with level premiums payable to age 100, a guaranteed death benefit and a guaranteed cash value.Plan details
Talk to an agent
Not sure which plan fits? Ask an agent in Guyana.
Tell us what you want to cover or save for. An agent from your local office will call you back to explain the options and the cost.
Request a callback