This type of cover is also sometimes referred to as Specified Illness Cover or Critical Illness Insurance.

Irrespective of the term used it normally pays out a tax free lump sum on the diagnosis of certain specified major illnesses such as heart disease, stroke, renal failure, cancer, paralysis, major organ transplant as well as a range of other conditions. Over recent years the number of diseases covered by a typical policy has grown considerably but so too has the specific claim conditions that make such a payout possible.

Indeed such a claim payout normally requires the insured person to survive 14 days after the diagnosis of a serious illness. In some policies, a 28 day survival period is required.

Apart from being arranged on a standalone basis, Serious Illness Cover can be paired with life assurance to cover financial commitments in the event of death or a major illness. In this regard such a policy can be used for mortgage protection, family protection or even business protection.

For further information on whether this type of cover may be relevant to you, please ring us directly on 01-8455827 (+353 1 8455827 for international enquiries) or email us at











Eamon Porter, trading as Aspire Wealth Management, is regulated by the Central Bank of Ireland.