Barclays Critical Illness Insurance
Critical illness insurance provides financial support if you are diagnosed with a specified critical illness during the term of the policy.
Barclays, a well-established bank in the UK also offering a range of insurance products, has a comprehensive Critical Illness Cover. This guide will give you an overview of Barclays’ Critical Illness Insurance, explaining the policy, its benefits, and the process to make a claim.
What is Covered?
Barclays’ Critical Illness Insurance provides a lump sum payment if you’re diagnosed with a critical illness covered by the policy during its term. The illnesses generally covered include:
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Certain types and stages of cancer
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Heart attack
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Stroke
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Major organ transplant
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Kidney failure
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Alzheimer’s disease
Please refer to your policy documents for a complete list of covered illnesses, as not all types and stages of these conditions may be covered.
Benefits of Barclays’ Critical Illness Insurance
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Lump sum payment: A tax-free lump sum payment is made upon diagnosis of a covered critical illness.
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Children’s cover: Barclays’ policy automatically includes coverage for your children at no extra cost.
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Additional support services: You’ll have access to expert medical and emotional support services.
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Flexible policy terms: You can choose the length of your policy based on your needs.
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Simplicity: Barclays’ policies are designed to be straightforward, with clear terms and conditions.
How to Apply for Coverage
To apply for Barclays’ Critical Illness Insurance, follow these steps:
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Get a quote: Start by obtaining a quote online or by phone. You’ll need to provide some personal information, including your age, lifestyle habits, and medical history.
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Choose your cover: Decide how much cover you need and how long you want the cover to last. The cost of your premium will depend on these factors, as well as your personal circumstances.
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Complete the application: Fill in the application form. Be honest and accurate in your responses as incorrect information could affect a future claim.
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Review and pay: Review your quote, confirm your details, and pay for your policy.
How to Make a Claim
If you need to make a claim, contact Barclays’ claim team as soon as possible. You will need to provide:
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Your policy number
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Details about your diagnosis
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Information from your doctor or specialist
Once your claim is submitted, Barclays will review the information provided and keep you updated on its progress. If your claim is approved, the lump sum payment will be made to you or your estate if you pass away.
Considerations
Before purchasing Critical Illness Insurance, consider your personal circumstances, financial situation, and health. Discuss with your financial advisor if this type of cover is suitable for you. Remember, the policy will not provide cover for all illnesses and will not pay out upon death unless it is due to a covered critical illness within the policy term.
Conclusion
Barclays’ Critical Illness Insurance can provide essential financial support if you are diagnosed with a covered critical illness. It’s important to understand the policy’s coverage, benefits, and terms before purchasing. Always refer to your policy documentation for the full details of what is and isn’t covered.
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Frequently Asked Questions
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- We offer products from a range of insurers for life insurance and critical illness cover.
- We offer protection products from a limited number of insurers for Whole of Life and Over 50s plans. A list of insurers we offer insurance from is available on request.
- As we’re not tied to any ONE provider we are able to search our panel of insurers and find you the best price available to us.
- We sometimes get preferential rates on selling policies which we pass on to you.
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- We are authorised by the FCA to advise our client on their protection needs. Our advisers will assess your demands and needs and recommend a suitable product that will protect you and your family. We get to know our clients and help them to decide on the right cover for the right price from a panel of leading UK insurers.
- We will ask you a number of questions designed to make you think about the shortfall in your income in the event of the death of a partner or breadwinner. Our questions are simple and our advisers avoid jargon making it easy for clients to understand.
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- NOTHING – We do not charge a fee for our service; however, if you take a policy out through us we will be paid by commission from the insurer, but it still costs you nothing.
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