Critical Illness Insurance
We hopefully won’t need it, but if we do – there will be someone to help us!
Serious illnesses also involve serious consequences, and not only those that harm the body and soul, but also those that affect the pocket. While the patient and their family have to deal with the situation physically and emotionally, they also have to pay a high financial price. This is a highly distressing situation, since in addition to the economic consequences of the serious illness, which manifests itself in a significant damage to the income of the patient and their family members due to the loss of working days – there are also a host of new expenses for transportation, medication, treatments, special accessories, assistance at home, emotional support and more.
It is precisely for such situations that critical illness insurance is intended, which significantly relieves the patient and their family members. Purchasing critical illness insurance entails a promise of financial stability for the family when dealing with a serious illness – and this is a very big relief.
Critical illness insurance will provide immediate financial compensation to the insured party, who has been diagnosed with one of the critical illnesses listed in the policy. The compensation, the amount of which is determined at the time of entering the insurance, can be used to finance medical expenses or for any other purpose that will make it easier for the patient and their family. The compensation is intended to assist the insured party in adapting to the new situation, to allow them to maintain as much as possible the quality of life and standard of living to which they are accustomed, so that they can focus all their energy and efforts solely on recovery.
Important facts to know about critical illness insurance:
- Maximum entry age for insurance – 60
- Age of end of insurance coverage – 75
- Maximum insurance amount – 600,000 NIS per adult
- Insurance rates can be changed every 5 years
And of course, at El-Ad we will adapt the insurance to the personal needs of each and every one.