Group critical illness insurance

Critical illness insurance helps employees protect their financial security when diagnosed with a serious illness by providing them with a lump-sum cash benefit.

Who pays the insurance premium?

Employees pick up the entire cost of the premium with voluntary critical illness insurance. They choose the level of protection that’s right for them and pay the premiums through payroll deduction.

Critical illness insurance can help alleviate financial worries during a serious illness. A lump-sum cash benefit is paid to the insured person when they’re diagnosed with a specific critical illness. This benefit provides cash at a time when it may be needed most.

Life doesn’t always go as expected. Serious illnesses happen. And while medical insurance helps pay for medical expenses, and disability insurance replaces a portion of lost income, they don’t cover all the costs associated with having a serious illness. Critical illness insurance helps employees be financially prepared to handle those expenses with a lump-sum cash benefit.

When an insured person is diagnosed with a specific critical illness, they receive a lump-sum cash benefit to use any way they choose, regardless of other insurance they have or actual expenses incurred. This includes expenses such as medical deductibles and copayments, travel costs for medical treatment, child care, lost income of spouse or caregiver, home healthcare needs, and more.

What illnesses are covered?

Our critical illness insurance covers some of the most common serious illnesses like cancer, heart attack, stroke, and more.