Dread-disease insurance

Dread-Disease: Financial protection in the event of a serious illness

A serious illness can disrupt your financial planning. Dread-disease insurance pays out the full sum insured immediately upon diagnosis of a covered critical illness. You decide which health risks to include in your policy.

Savings plans vs. premium plans

• Savings plans cover only the most common serious illnesses, such as cancer, stroke, heart attack, blindness, and loss of speech.

• Comprehensive dread-disease plans also cover rare conditions, including pancreatitis, multiple sclerosis, chronic muscle weakness, as well as organ transplants, severe burns, and bypass surgery. With the right policy, you can insure against up to 55 different illnesses.

Dread-disease vs. occupational disability insurance

Unlike occupational disability insurance, dread-disease insurance pays the full contract sum immediately upon diagnosis of a covered illness. Occupational disability insurance, on the other hand, pays the agreed monthly pension only when you are actually unable to work.

Advantage of true occupational disability insurance: You receive the pension regardless of the illness causing the disability. Conditions such as mental health disorders, joint degeneration, or circulatory diseases are also covered under occupational disability insurance.