Can you claim twice for Critical Illness Coverage?

Yes, you can make a claim twice on your Critical Illness Insurance Coverage; it depends on the policy. Some policies allow claims with respect to different illnesses on more than one occasion, while others are limited to only one claim. At Canadian LIC, in very many cases, it is found that clients need to claim a second illness. Example: Mark claimed a heart attack and later claimed using the enhanced policy for kidney failure. We would always advise that you check your policy terms or discuss with an advisor to see what’s covered.

There are special Critical Health Insurance Plans designed for multiple claims. These plans usually have specific conditions and put a waiting period between the claims. As Canadian LIC, with the help of such multi-claim policies, we helped clients like Sona, who had cancer and had a stroke later, to get extended protection. These plans will be suitable if you are at risk of developing more than one critical illness.

You will have to check your terms of condition to determine whether you can make more than one claim from the policy you bought from the Critical Illness Insurance provider. Note the clauses on multiple claims, waiting periods, and special requirements stipulated. If you have any questions, please get in touch with Canadian LIC. We are always at your service to help our clients understand exactly what their policies entail by making sure that they have appropriate coverage in case something goes wrong.

Waiting periods are agreed-upon time frames wherein you are required to wait between making a claim and when a further claim cannot be made on your Critical Illness Insurance cover. In other words, if you have a heart attack, you most probably will have to wait a few months before claiming for another illness. Here at Canadian LIC, we see our clients through these periods and help plan accordingly to ensure continuous coverage.

Indeed, premiums run higher for multi-claim critical health insurance schemes. Such products give greater coverage and peace of mind at an enhanced price. Our agents at Canadian LIC help ensure that clients compare Critical Illness Insurance Quotes that best suit their needs at a reasonable cost. For instance, Lisa had to switch over to the multi-claim policy after her battle against multiple sclerosis to make sure she was well covered despite the higher premium price tag associated with such policies.

Yes, you can switch to a multi-claim policy if your current policy does not allow multiple claims. At Canadian LIC, we often assist clients in transitioning to policies that better meet their needs. For example, Saba switched to a multi-claim policy after her initial diagnosis to ensure she had ongoing coverage. We can help you find the best options and handle the transition smoothly.

If you need to claim again on your Critical Illness Insurance, follow these steps:

Review your policy to confirm it allows multiple claims.

Gather all necessary medical documentation and proof of diagnosis.

Notify your insurer as soon as possible to initiate the claims process.

Consult with an advisor if you encounter any issues or have questions.

At Canadian LIC, we guide clients through this process daily, ensuring they receive the support and benefits they deserve. For example, we helped Manish navigate his second claim for kidney failure, providing clarity and assistance throughout the process.

You should check on relevance in relation to the current state of affairs from time to time and update your Critical Illness Insurance Policy. Your insurance should be adjusted according to the changes in your life. Canadian LIC often helps people like Lisa, who, upon diagnosis with multiple sclerosis, realized her coverage needed updating. Reviewing will help clear up any gaps and provide you with peace of mind.

Canadian LIC offers tailored advice based on your own health history, financial situation, and need for coverage. We take the time required to compare a number of various Critical Illness Insurance Quotes to ensure that you have the best value for your money. Our ongoing support includes helping you understand your coverage, navigate the claims process, and make adjustments as needed. For instance, we helped Sarah and Mark secure multi-claim policies and supported them through their claims.

The standard conditions that are usually covered under Critical Illness Insurance are cancer, heart attack, stroke, kidney failure, and major organ transplant. At Canadian LIC, we always review our clients’ specific policies to ensure they cover a broad range of conditions. For example, one client, John, had coverage that included both cancer and heart attack, allowing him to make a claim for each diagnosis separately.

Yes, you can be insured for critical illness despite having pre-existing conditions, but it may come with certain exclusions or higher premiums. For example, we have a client with diabetes. Although her policy excluded direct claims that were the result of her diabetes, she is still protected from other critical illnesses. That’s what our advisors at Canadian LIC do: help clients like Linda find the best possible plan given their health conditions.

Compare quotes to have the best Critical Illness Insurance Quotes available. At Canadian LIC, we work with our clients—comparing quotes—to ensure they get the best value for their money. For instance, we helped Tim get an affordable policy that would cover his extensive family history with regard to heart disease. Comparing quotes will let you decide on a plan that best fits your wallet and your needs.

Survival periods are part of Critical Illness Insurance Plans, stating the span one has to survive after diagnosis to be eligible for the payout. Normally, this is 30 days. We at Canadian LIC work to help explain all this to our clientele, like Emily, who had to know the survival period for claiming based on her cancer treatment. Knowing the terms helps plan and manage expectations.

Yes, some Critical Illness Insurance Plans do have a return on premium option. What this means is that part or full premium paid can be returned in case there is no claim during the policy period. For example, we had a client named Peter who opted for this option. It provided him, in effect, peace of mind—a knowledge that should a critical illness strike, he would have financial backing; otherwise, he would get a return on his investment. At Canadian LIC, we help clients evaluate whether this makes sense for their situation.

Age is a major determinant of the type of Critical Illness Insurance Coverage one will receive in terms of premiums and types of policies. In most cases, younger policyholders receive better premiums and have higher chances of obtaining policies. For example, Canadian LIC helped a young couple, Tom and Jane, to obtain inexpensive multi-claim policies. The premiums will increase when you are older, but we shall still pursue appropriate plans that give you maximum protection.

You may want to bear in mind several factors when switching to another Critical Illness Insurance Policy: multi-claim coverage, premium costs, exclusions, waiting periods, etc. Canadian LIC helps clients go through the process of switching. For instance, we assisted Mike in moving to a policy with better coverage for his medical history. Evaluating these factors ensures you make an informed decision that enhances your protection.

Most Critical Illness Insurance focuses on severe physical illness and might not extend their coverage to mental coverage. However, the more comprehensive policies do offer limited coverage for some mental health conditions. At Canadian LIC, our job, in this case, would be to help clients understand what’s all in their policy and, if they need it, find additional coverage.

To file a critical illness claim, follow these steps:

Notify your insurer as soon as you are diagnosed.

Complete the claim form provided by your insurer.

Submit all required medical documentation and proof of diagnosis.

At Canadian LIC, we help clients through each step of the claims process, ensuring they receive their benefits smoothly. For instance, when Anna was diagnosed with a stroke, we assisted her in gathering the necessary paperwork and liaising with the insurer.

Common exclusions in Critical Health Insurance Plans include pre-existing conditions, self-inflicted injuries, and illnesses resulting from illegal activities. At Canadian LIC, we make sure our clients understand these exclusions. For instance, we made it clear to Robert that his pre-existing condition, hypertension, was indeed excluded. If one clearly understands the exclusions, then it avoids surprises later on when the claim is processed.