Five tips to buy the most suitable critical illness cover

Are you covered

Are you in the market for the best critical illness policy to cover you in the event you become ill and are unable to work? Different providers offer different policies with a varying list of insurable conditions. This can be quite confusing to choose the most suitable cover for you and your loved ones. But don’t worry if you have no idea where to start. We’re here to help.

The following are simple tips to help you choose the most fitting critical illness cover today.

Evaluate your family’s situation

If you’re still single and young, that’s great. This is a perfect time and setting to secure a critical illness cover. The reason is insurers usually do not consider you to be a health risk and therefore they’re ready to charge you low premiums should you not already have any previous health conditions.

Have a young family? No problem as most reliable providers often include an option to cover your children in the same critical illness policy.

Compare multiple providers

The most effective way to find a good insurance policy is to compare different providers. You don’t want to settle for the first plan you come across only to find out later that there’s a better critical illness provider you never explored.

Compare widely and take special note of insurers that offer plans explicitly targeted at multiple categories of people, e.g., young, middle-aged, and seniors. The good news is you don’t have to go through the hassle of traversing different companies all by yourself. You can use experts like Caspian Insurance to help with your research. They have immense market knowledge and can help you choose the best insurer for your specific needs.

Assess your current health status

Current health status and medical history are two of the most fundamental underwriting factors that insurers consider before giving you a policy. Besides affecting your premium rates, your health condition also determines the level of coverage you may be granted.

If you have a pre-existing critical condition, most providers will deem it uninsurable. Those that include it in the cover tend to charge higher premiums. Also, if you’re a smoker or heavy drinker, insurers deem you to be more prone to health complications in the future, thereby resulting in you getting charged higher premiums.

Consider your current financial status

What keeps the cover valid is your ability to pay regular premiums. Failure to keep up with these payments may lead to it being declared inactive which means you’re not eligible to make a claim.

Before taking out a policy, be sure you can afford the premium charges during the contract term for as long as you’re healthy and working.

If you have long-term obligations such as a mortgage liability, we recommend that you purchase a cover that guarantees ample support to take care of such loans while you’re unable to work.

Check out the critical illnesses covered

As we mentioned earlier, different providers have a company-specific list of conditions they cover. The trick is to go for a policy that covers illnesses you suspect you may be more vulnerable to. Thoroughly review the policy’s terms and conditions to look out for any exclusions or added benefits available.

For instance, most providers only cover some stages of cancer. It’s also worth noting that the longer the list of covered illnesses, the higher the premiums.


So it all boils down to considering your current health, financial standing, family’s situation, the claim process, illnesses covered, and diversifying your options. Implement these actionable tips the next time you’re in the market for a critical illness cover and you can rest assured of finding a good policy!