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Slim33
Guest
I have had a serious illness policy for a n umber of years but I am told that if I did actually have a serious illness then it is very hard to claim against these policies. Has anyone any advice on this type of policy
You need to read the terms & conditions of any specific policy carefully to see in what circumstances and for how long they would pay out. Often the list of illnesses is very, very specific - e.g. not simply cancer but specific types and so on. Sometimes the policy will only pay out for a limited period of time. You need to shop around very carefully for such cover.I have had a serious illness policy for a n umber of years but I am told that if I did actually have a serious illness then it is very hard to claim against these policies. Has anyone any advice on this type of policy
My brother-in-law was diagnoised with prostrate cancer 9 months ago. He has had radium treatment and has made a good recovery. He is self employed and had serious illness insurance with BOI. He was paying approx €112 per month.
My sister made enquiries in July as to how much he would receive if they were to claim and was told €35,000. One thing with another she didnt get the forms filled out until February 2007 and has now received a cheque for the exact amount she was told in July even though they have being paying the monthly amount up to March 2007 which is approx €1,000. She made enquiries from BOI and was fobbed off with some story that they make up the amount every quarter and had the claim not being paid out until May they would have got another €2,000. It just doesnt make sence or are we missing something here.
I dont think so as they were told if the claim wasnt paid out until May they would have got another €2,000 that is €37,000 in total.SI cover usually is for a defined sum. If the sum was €35K, then it does not matter when the claim was made, the benefit is €35K.