Can I hire life insurance that covers serious illnesses?

Life insurance with coverage for critical illnesses: How does it work?

The life insurance is usually contracted with the basic coverages: Death, Absolute and Permanent Disability (IAD) or Total and Permanent Disability (ITP). This means that, in the event of any of these claims, the insured person or their beneficiaries receive the contracted capital.  

The amount paid aims to cover the expenses resulting from the claim, in order to ensure quality of life and financial stability through the contracted capital.

But life insurance can include other coverage options, such as critical illnesses. 

According to Real Vida Seguros, some insurers allow contracting the coverage of Critical Illnesses as an additional protection.

Therefore, if the insured is diagnosed with a serious illness during the term of the contract, they receive the contracted capital in life.

According to the insurer, these are the diseases covered by this coverage:  

• Stroke;

• Cancer;

• Coronary bypass surgery;

• Myocardial infarction;

• End-stage renal failure;

• Main organ transplant; 

If the beneficiary is diagnosed for the first time with one of these diseases, they receive the insurance capital from the main coverage, up to the maximum limit of 150,000 euros to cover expenses for specific needs.

There is also the possibility of hiring a complementary coverage for Waiting List in certain coverages. In this case, by activating the coverage, you receive a fixed capital of 2,500 euros if you are diagnosed with a disease that requires the following procedures:

• Prostate hyperplasia;

• Gallbladder and bile duct disease;  

• Abdominal wall hernia;

• Varicose veins in lower limbs;

• Waterfalls;

• Pelvic or knee prosthesis.

This annually renewable capital will allow for a more agile solution, avoiding the long waiting lists of the National Health Service (SNS).

Being protected against this risk can be a financial cushion for both yourself and your family in the future. So, if you want to purchase this life insurance with coverage for serious illnesses, the insurance brokers from Poupança no Minuto find the ideal insurance proposal for you, with the conditions you are looking for. All of this in a process without any cost to you.

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