Critical illness insurance has become one of the most popular forms of insurance policy in the UK and also in the world. As a result, nowadays there exist thousands of insurance companies in the UK offering critical illness insurance. Let's have a look at the AXA insurance company and find out how they treat critical illness cover.



When AXA will pay

The AXA insurance affirms that they may only make a payout if before the cover end date the insured person is diagnosed with a critical illness. Furthermore, they will also award the tax free lump sum if either the person is diagnosed as suffering from a terminal illness or being totally or permanently disabled.

They also mention that the critical illness policy may contain certain exclusions. Additionally, they make it clear that all diagnoses about a specific claim must be made by a consultant at a UK hospital who is specialised in the critical illness claimed for. Also, their chief medical officer will afterwards confirm the diagnosis. If everything goes according to the rules, a payment will be made only once and consequently the cover will cease.

When AXA will not pay

The AXA insurance company will not pay a claim if the critical illness claim was caused due to failure of medical advice, due to intake of alcohol or solvent abuse and drugs except under the supervision of a registered doctor. Additionally, one may not get a critical illness claim if he claimed for self inflicted injury and also claimed directly or indirectly for HIV/AIDS. A claim may also be rejected if the insured person died within 14 days of diagnosis of the critical illness or total and permanent disability. Another reason why a claim can be declined if the person covered does not match policy definition for a terminal illness, critical illness or total and permanent disability. Finally, if the insured person does not show up in on of the permitted countries to prove his critical illness or total and permanent disability, his claim could be turned down.

That was how AXA defined its critical illness policy. There are many companies out there that may have different critical illness policies. The list of exclusions can sometimes be lengthier than expected. That is why you have to be careful before taking out a critical illness cover. The policy's fine print might seem boring to read but it can be important as it is there that you may find useful data concerning these exclusions. One simple line missed may cost you the lump sum. You should also be attentive while making a choice about which critical illness company or policy to choose. Some companies might provide you with low price tagged policies. But not all of them may give you benefits. Some might even have too much exclusion. If you are in doubt about something you come across in the critical illness policy, you may also contact qualified persons to ease you out.

If you want to be sure that your family is looked after or your medical charges be paid if you fall prey to a critical illness, critical illness insurance might be the right answer. Critical illness insurance may not only look after your family but may also pay your mortgage if you have one.