WHAT IS THE CRITICAL ILLNESS RIDER?
The Critical Illness Rider is an individual living insurance benefit that covers 5 critical illnesses.
These include:
- Cancer
- Heart Attack
- Stroke
- Major burns
- Paralysis
See table below for monthly premiums and age bands for the Critical Illness Rider Insurance.
| Age Band | Monthly Premiums | |
| **Years | Coverage $500.000 | Coverage $1,000,000 |
| 18-29 | $145.00 | $290.00 |
| 30-34 | $155.00 | $310.00 |
| 35-39 | $210.00 | $420.00 |
| 40-44 | $355.00 | $710.00 |
| 45-49 | $590.00 | $1,180.00 |
| 50-55 | $1,040.00 | $2,080.00 |
| 56-60 | $1,250.00 | $2,500.00 |
| 61-65 | $1,500.00 | $3,000.00 |
| 66-70 | $2,500.00 | $5,000.00 |
| 71-74 | $3,500.00 | $7,000.00 |
Benefits:
- You will receive up to $1,000,000 coverage should you be diagnosed with any of the following covered critical illnesses: cancer, heart attack, stroke, paralysis or major burns.*
- You may sign up for the Critical Illness Rider once you have enrolled in a Family Indemnity Plan.
- You are not required to do a medical when you sign up.
- You may apply for the Rider once you have not reached age 60.*
- You have to wait six months after enrollment to be able to benefit from the Rider, unless you become diagnosed with a covered critical illness as a direct result of an accident.*
- You are entitled to receive only one lump sum payment for the life of the Rider.
- Your family will receive a refund of your Critical Illness Rider premium payments should you pass away without making a critical illness claim before age 75.*
Your Critical Illness Rider Premium:
- Your first premium will be determined by the age you have attained when you sign up for the Rider.
- Your premium will increase throughout the life of the Rider as you move into a new age band.
Coverage Under The Critical Illness Rider Will Discontinue:
- If you choose to terminate coverage.
- If you do not pay your Family Indemnity Plan Critical Illness Rider premium during the grace period provided.
- When you have reached the age of 75.
- After you have received payment from a Critical Illness Rider claim.
- Once you have passed on.