What is critical illness insurance?

Critical illness insurance is a living benefit that pays you a direct and tax-free lump sum benefit if, while insured, you are diagnosed with a covered condition and survive.

There are no restrictions on how you use the money. You decide how it will best help with your recovery. Spend it on:

  • Additional costs related to your diagnosis.
  • Treatment options your medical insurance doesn't cover.
  • Your family and planning for your future.

Octopus holding forms

You choose your coverage

Select the coverage you need. Choose between PARACHUTE Essential and PARACHUTE Complete, and then select the amount of coverage that's right for you.

Ill octopus

It pays when you need it most

Medical advances mean more and more people are surviving illnesses once thought fatal. However, this comes at a price: expensive treatments, costly lifestyle changes, and lost income. Critical illness insurance helps cover these costs.

Octopus lying on the beach

It's a living benefit

We pay your benefit directly to you if you are diagnosed with a covered condition while insured and survive. It's designed to help you financially and emotionally.

Critical illness insurance supports you and your family when you need it most.
Please confirm your preference