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criticalillness

Critical Illness Cover

Critical Illness Cover provides a lump sum payment if the insured person suffers a critical illness. It can help take away the worry of having to pay for day-to-day expenses while recovering from surgery or undergoing treatment.

overview

Overview

Choice of cover

Critical Illness Standard
Critical Illness Plus
Minimum entry age

18
Maximum entry age

60
Benefit expiry age

Policy anniversary after the insured person turns 65
Minimum sum insured

$50,000
Maximum sum insured

$1,000,000
Premium types

Variable age-stepped premium
Funding options

Critical Illness Cover is only available outside of super
Product structure combinations

Standalone Critical Illness Cover
Critical Illness Cover attached to Life Cover
Critical Illness Cover linked to Life Cover
keybenefits

Key benefits

Critical Illness Cover includes the below key benefits, valuable features and the ability to add optional benefits.

All Critical Illness Cover benefits and features are subject to the full terms and conditions outlined within the Encompass Protection PDS.

Critical illness benefit

Provides a one-off, lump sum payment if the insured person suffers a listed critical illness event.

Partial critical illness benefit

If Critical Illness Plus has been chosen, we’ll pay a portion of the sum insured if the insured person suffers a partial critical illness event, such as the permanent loss of sight in one eye or an early-stage cancer diagnosis (if listed under the cover type).
otherbenefits

Valuable features

INDEXATION BENEFIT

To help ensure cover keeps pace with the cost of living and maintains real value, we automatically increase the Critical Illness Cover sum insured each year by the higher of 3% or the percentage increase in the Consumer Price Index.

FUTURE INCREASE BENEFIT

The Critical Illness Cover sum insured can be increased after certain specified events without having to provide further medical or health information.

FINANCIAL ADVICE BENEFIT

If we’ve paid a Critical Illness Cover benefit payment, we’ll reimburse up to $5,000 for the cost of a financial plan from a qualified financial adviser.

CRITICAL ILLNESS DEATH BENEFIT

Provides a one-off, lump sum payment of $5,000 if the insured person dies. Note, this benefit is only available with Standalone Critical Illness Cover.

SUSPENDING PREMIUM AND COVER FEATURE

Provides the ability to suspend both cover and premium payments for up to 12 months.

CHILD SUPPORT BENEFIT

Provides a $10,000 benefit if the insured person’s child suffers from a listed child support benefit condition.

optionalextras

Optional benefits

In addition to the key benefits and valuable features, under certain circumstances a Premium Waiver Option, Life Cover Buy Back Option and/or Critical Illness Cover Reinstatement Option can be added to Critical Illness Cover for an additional cost. See the Encompass Protection PDS for details.