What it does: Pays a lump sum if you suffer a critical illness or a
serious injury.
How much it delivers: Depends on how much you applied for, and
can help pay for medical treatment, or life’s general expenses until
you get back on your feet.
How you pay for it: Annual or monthly premiums to an insurance
company. This cannot be paid by your superannuation policy.
When it’s claimed: In the event you become critically ill or injured
and satisfy one of the many definitions in the policy.