Capex Life Assurance Ltd

CRITICAL ILLNESSMany countries define critical illness differently. In Kenya critical illness has been defined to include; Cancer, Heart attack, Coronary artery bypass surgery, Stroke, Renal Failure, Aorta Surgery, Replacement of heart valve, Paraplegia, Blindness, Major Organ transplant.Payment of a critical illness is made on first diagnosis subject to opinion of more that on Doctor for the client and the insurance company’s side.The purpose of a critical illness payment is to enable the client obtain remedy in time before the situation becomes un-manageable.The amount of cover is usually a fraction of the death benefit up to a maximum of 30% but may also have a limit say 2 million, 3 million etc.Critical illness is insured only once in a lifetime, after first diagnosis, no critical illness insurance cover is required since the policy does not cover pre existing conditions.The client is therefore required to declare the existence of a critical illness at the time of insurance