Ensure Your Critical Illness Cover Is Valid With Full Disclosure

 It has come to light over the last few years that one of the major reasons Critical Illness claims can be rejected is because the policyholder did not furnish the full information pertaining to a previous illness when the initial cover was taken out. Though there can be occasions when a fraudulent claim will be made by intentionally withholding information, the main reason for this kind of rejection is mainly owing to the policy applicant being not aware that the information they considered unrelated, to their new cover was in fact relevant. And that it should have been disclosed at the inception.

Feed All Relevant Information

To make it certain that your life cover and critical illness protection are valid, be sure that you feed all relevant information on any illness you have experienced, no matter how minor. This comprises any investigative work or tests you have undergone, pertaining to your health; and any discussions you have had with your doctor, regarding your personal concerns.

If you have any questions on what details to include or the exact nature of any illness that you have experienced, having a word with your GP about the finer details of any treatment; or even assessing your personal medical records can ensure that your application is complete. And that any claim that you may make in the future is valid.

While critical illness insurance companies are not given direct access to your medical records at the time of a policy being taken out, in the event a claim is made; then it is most likely the insurance provider will ask to view your full medical history at which time any discrepancy can be revealed.

Devote Additional Time On Application

Such a vital period in your life is not the point at which you like to find that not paying attention to detail on the application has led to a policy that will not give the cover you so badly need. So, make that additional time on your application, and ensure that your medical history details are full and complete.

In the same way as income protection claims the Critical Illness Cover is turning out to be essential for a lot of individuals. Because it provides the financial support, required to make sure that your standard of living, and that of any dependents, could continue should you be diagnosed with a serious or critical illness.

 

The Nut Shell

Including added information on your life cover and critical illness cover does not always imply that the cost of your insurance will multiply. In certain cases, extra details can in fact lead to policy prices dropping down. That being said, even if your premium will be a little higher when your full medical history is disclosed, this is far better than information getting revealed at the time of a claim. And you come to realize that the premiums you have been paying surprisingly become worthless. Anyhow, as the popularity of these policies go up so does the complexity, with which the application has to be made. If you are apprehensive about your application or feel that there may be, information that you should have added in your policy, then contact your insurance provider now, and make the needed revisions. Critical illness insurance policies are made to help you brave the changes which will be mandatory, should you be diagnosed with a qualifying medical condition. To be true, many of these policies will pay out after a diagnosis of heart disease, cancer, stroke, renal failure, paralysis, major organ transplant and coronary artery bypass surgery including a range of other conditions.