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criticalillness

Critical Illness Cover

Critical Illness Cover provides a lump sum payment if the insured person or their child (where applicable) suffers a specified critical illness event, partial critical illness event or pregnancy complications event that they’re covered for.

overview

Overview

Cover level available

Critical Illness Standard
Critical Illness Plus

From the plan anniversary after the insured person turns 70, we’ll only pay Critical Illness Cover for loss of independence (permanent and irreversible).

The maximum Critical Illness Cover available from the plan anniversary after the insured person turns 70 is $2,000,000 across all plans issued by us.
Minimum entry age

18
Maximum entry age

62
Benefit expiry age

Plan anniversary after the insured person turns 80
Minimum sum insured that can be applied for

$25,000
Maximum sum insured that can be applied for

$2,000,000
Premium type

Variable age-stepped premium
Funding options

Critical Illness Cover is only available outside of super
Product structure combinations

Standalone Critical Illness Cover
Critical Illness Cover attached to Life Cover
Critical Illness Cover linked to Life Cover
keybenefits

Key benefits

Critical Illness Cover includes the below key benefits, valuable features and the ability to add optional benefits.

All Critical Illness Cover benefits and features are subject to the full terms and conditions outlined within the Futura Protection PDS.

Critical illness benefit

Provides a one-off, lump sum payment if the insured person suffers a listed critical illness event.

Partial critical illness benefit

If Critical Illness Plus has been chosen, we’ll pay a portion of the sum insured if the insured person suffers a partial critical illness event, such as the permanent loss of sight in one eye or an early-stage cancer diagnosis (if listed under the cover type).

Pregnancy Complications Benefit

If Critical Illness Plus has been chosen and the insured person is female, pays a portion of the sum insured if the insured person or their child suffer a listed pregnancy complications event such as eclampsia of pregnancy or Down’s syndrome.

Death Benefit

If standalone Critical Illness Cover has been chosen and the insured person does not hold any Futura Protection Life Cover, we’ll pay $10,000 if the insured person dies.

Indexation Benefit

Automatically increases the sum insured on each plan anniversary by the higher of 5% or the percentage increase in the Consumer Price Index (CPI), ensuring cover keeps pace with the cost of living.

Suspending Cover Benefit

Suspends cover for up to 12 months if the insured person is experiencing financial hardship.

Future Increase Benefit

Allows the sum insured to be increased after certain specified events without having to provide further evidence of the insured person’s health, occupation and pastimes.

Financial Advice Benefit

Reimburses up to $5,000 for the cost of a financial plan from a qualified financial adviser if we’ve paid the full Critical Illness Cover sum insured.

Waiver of Premium While Involuntarily Unemployed Benefit

Waives premiums for up to three months over the life of the plan if the insured person becomes involuntarily unemployed.

Accommodation Benefit

Reimburses an immediate family member’s accommodation costs up to $250 per day if the insured person is confined to bed and a family member has travelled to be with them.

Grief Support Benefit

Reimburses the insured person or their immediate family member up to $1,000 for the cost of grief counselling from an accredited counsellor if we’ve paid the full Critical Illness Cover sum insured.

Child’s Critical Illness Benefit

Provides a lump sum payment of $10,000, if a child who is financially dependent on the insured person dies, is diagnosed with a terminal illness or suffers a specified critical illness event.
optionalextras

Optional benefits

In addition to the key benefits and valuable features, under certain circumstances a Disability Premium Waiver Option, Life Cover Buy Back Option and/or Critical Illness Cover Reinstatement Option can be added to Critical Illness Cover for an additional cost. See the Futura Protection PDS for details.