Old Mutual Critical Illness Benefit

Definition:

Critical Illness benefit pays a lump sum when a specified critical event occurred. Critical Illness is an accelerator on the member’s GLA benefit, i.e. the GLA benefit will be reduced by the amount of the Critical Illness claim if the claim is admitted.

Options available:

Standard cover – A claim is payable only once in the event of a traumatic illness.

Waiting period:

1, 3, 6 or 12 month survival period if selected at inception.

Pre-existing conditions:

  • No claim for a specific traumatic disease, which the member suffered within 24 months after the commencement date, shall be admitted if that disease has been directly or indirectly caused by or can be traced to a disease condition of which the member had been aware or had experienced symptoms or for which he/she received medical treatment 24 months prior to commencement date.
  • Attempted suicide.

For more information and a detailed list of traumatic illnesses and injuries covered by Old Mutual please contact your Associate or the office.

Thank you and regards,
The TSA Team

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