Why is it important to have critical illness coverage in the UK

The answer may seem obvious as to why having a critical insurance cover is always a good idea and, in some cases, a must. But we’d like to make things a bit more clearer.

There are many types of insurance as we know, covering a wide area of sectors from vehicles, travel, buildings, and right up to illnesses. Out of these, health and well-being is sure to be at the top of the list. Here we’ll look at critical illness insurance cover and why it might be a good idea to get one, also why it might be even considered important.

Why critical illness cover?

Not just in the UK, but wherever in the world you are, sickness and ill health can strike at the most unexpected of times and it’s at these times, having a critical illness cover can make all the difference.

Financial assistance with expenses is crucial to help with unforeseen expenses such as medical emergencies. Critical illness cover ensures you are covered for types of diseases or illnesses that can leave a patient in a helpless state when they are rendered helpless with a debilitating illness such as stroke, heart attack, certain types and stages of cancers, or even trauma.

Unlike other types of medical insurance covers, critical illness cover ensures that the patient is provided with a total lump sum payout in the case he or she is diagnosed with these types of illnesses, or likewise. Usually, illnesses such as these take a lengthier time for the patient to recover from. The payout therefore is greatly beneficial to the family and the carers where they can be assured there is enough money available to be used for continued specialized treatment.

While some insurance covers may include certain regulated payouts, others may have minimal conditions depending on the structure of their company. It's therefore a good idea to speak with a professional insurance adviser before you embark on a policy. At BVS, our insurance agents are well experienced personnel, who will be able to easily and professionally guide you to reap the better benefits and entitlements as per the critical cover that you’ve been insured for.

Before and after hospitalization

Most people think of the cost that comes about when a patient is in a hospital setting, but in reality, the costs begin before the patient is actually hospitalized and then continues after the patient is released and is at home.

When an illness such as cancer is suspected, the patient might be required to undergo a plethora of tests that can be quite a burden on their financial situation. While these might be manageable on the onset, it can significantly put a strain on a patient’s financial resources. Along with the hospitalization that follows, this strain is bound to be even more. Then comes the follow up treatment and medication. Which can be a long road of rest and recovery coupled with ongoing medication and frequent hospital visits.

Having a critical illness policy working for you at this point can be a ‘lifesaver’ literally. The lump sum payment can act as a backup and provide peace of mind at a difficult time such as this knowing that you are still able to deal with the upcoming financial commitments. With financial gloom and doom seemingly unavoidable around the world and currencies crashing with little or hardly any notice, investing in a critical illness insurance cover can be considered a good form of saving for the future when times are harder. And the money set aside for the premiums can be put to worthy use when you really need financial assistance. 


Critical cover insurance policies have proved to be the ideal ‘good Samaritan’ at times of need and is growing in popularity every day. According to a study carried out by Globaldata.com, the   critical illness insurance market in the UK is expected to reach a Compound Annual Growth Rate (CAGR) of 7% or more during the period of 2021-2026. This is considered a significant growth rate when compared to many sectors and industries.

Goes to prove how people in the UK have come to recognize it as an important component in their lives that can contribute to a safer and secure tomorrow.

* Approved by The Openwork Partnership on 13 May 2024

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