Sometimes even the healthiest people are diagnosed with illnesses they have little chance of preventing – like cancer. Critical Illness benefits are paid regardless of the life insured’s ability to work. The funds can be used for any purpose the Policy Owner chooses, whether for the reduction of debts, to seek specialist or alternative medical treatment, or make lifestyle changes (such as reducing working hours).
|Critical Illness cover|
|What is covered?||
Critical Illness cover can be added as an option to your Life cover policy.
The following 14 conditions are covered under Allianz’ Critical Illness cover:
Each condition is assessed against a specific definition before any claim can be paid. These definitions are located in the Product Disclosure Statement (PDS) and Policy Document.
Conditions marked with 10 such as Cancer, will not be paid if the condition occurs, is first diagnosed, becomes apparent or the recommendation for surgery is made within three months of:
Allianz Critical Illness cover pays a lump sum in the event that the Life Insured suffers one of the defined Critical Illness events. The minimum Critical Illness cover amount that can be applied for is $50,000 and the maximum cover amount is $500,000. If you wish to apply for Critical Illness cover you must also apply for Life cover and the cover amount of the Critical Illness benefit cannot exceed the Life cover amount. There are circumstances in which Allianz will not pay a benefit for Critical Illness. We will not pay a claim that arises directly or indirectly:
We may also decline a claim in circumstances of non-disclosure. For information on when we may refuse a claim due to non-disclosure please refer to “Important Information” section of the Allianz Life Plan Product Disclosure Statement and Policy Document (PDS).
All Australian permanent residents between the ages of 16 to 55 (inclusive) may apply for Critical Illness cover. We will ask you some questions about your health, lifestyle and family medical history to determine whether or not we are able to offer you cover.
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Australia is one of the most under insured nations in the developed world.
For terms, conditions and exclusions of our insurance, please refer to the Product Disclosure Statement (PDS).
10 Subject to conditions as outlined in the Product Disclosure Statement and Policy Document
The insurance is issued by Allianz Australia Life Insurance Limited ABN 27 076 033 782, AFSL 296559. The information contained on this website is general information only. It does not take into account your individual objectives or financial situation. You should therefore consider the appropriateness of the insurance having regard to your objectives, financial situation and needs. Prior to making any decision you should read the Allianz Life Plan Product Disclosure Statement and Policy Document (PDS). You should seek advice from your financial adviser before deciding on appropriate insurance cover.