Critical Illness cover

Critical Illness cover is also known as Trauma cover and pays a lump sum benefit if the life insured suffers one of the defined Critical Illness events.

Sometimes even the healthiest people are diagnosed with illnesses they have little chance of preventing – like cancer. Critical Illness benefits are paid regardless of the life insured’s ability to work. The funds can be used for any purpose the Policy Owner chooses, whether for the reduction of debts, to seek specialist or alternative medical treatment, or make lifestyle changes (such as reducing working hours).

What is covered?Critical Illness cover can be added as an option to your Life cover policy.

The following 14 conditions are covered under Allianz’ Critical Illness cover:

• Cancer*
• Open Chest Surgery*
• Coronary Artery By-Pass*
• Triple Vessel Angioplasty*
• Heart Attack*
• Stroke*
• Multiple Sclerosis

• Motor Neurone Disease
• Parkinson’s Disease
• Muscular Dystrophy
• Lung Failure
• Kidney Failure
• Liver Failure
• Major Organ Transplant

Each condition is assessed against a specific definition before any claim can be paid. These definitions are located in the Product Disclosure Statement (PDS) and Policy Document.

Conditions marked with * such as Cancer, will not be paid if the condition occurs, is first diagnosed, becomes apparent or the recommendation for surgery is made within three months of:

• The commencement of the benefit; or
• Any increase in the benefit (but only in respect of the increase); or
• The reinstatement date where Allianz has agreed to reinstate the benefit after it has lapsed.