FutureChoice Critical Illness Cover


Recover from a critical illness without money worries

Metropolitan FutureChoice Critical Illness Cover eases the financial burden of suffering a critical illness and allows you to recover with peace of mind. Critical illness cover can give you the freedom to take time off from work to recover from your illness, get ongoing healthcare and therapy or modify your home to make your life more comfortable.

FutureChoice Critical Illness Cover has two options:
  • Core - cover for the four major critical illnesses namely: stroke, cancer, heart attack and coronary artery bypass
  • Comprehensive - cover for the four major critical illnesses plus a wide list of other serious illnesses

You can customise your critical illness cover by either taking a separate policy or adding it as an accelerated benefit to your Metropolitan FutureChoice Life Cover policy or Metropolitan FutureChoice Occupational Disability Cover policy.

The critical illness cover starts from R150 000 for a standalone critical illness cover policy and 20% of the cover when you add it as an accelerator benefit to a life cover or disability policy. The maximum critical illness cover available is R1 500 000.

For more information, call the Metropolitan Call Centre on 0860 724 724.

Who can take out the policy?

You can take out a FutureChoice Critical Illness Cover for yourself or you can make the payments on your loved one’s critical illness policy.

How much will it cost?

The monthly payment for FutureChoice Critical Illness Cover starts from R100.

What are the features and benefits?

Benefits included

If you experience financial difficulty, the Flexi-premium benefit allows you to decrease your cover that in turn reduces your payment to a more affordable level. When you are in a better financial position, you can increase your cover and payments again. If this is done within six months, only a declaration of health is needed to increase the cover again.

Optional benefits

Free January benefit
Allows you to skip your January payment and make up for it by paying slightly higher monthly payments during the rest of the year.

Premium waiver on disability
Will pay your monthly payments, for the rest of the premium waiver benefit term, if you become disabled.

Premium waiver on retrenchment
Will pay your payments for 12 months in the event that you are retrenched.

Premium waiver on death
Will pay your monthly payments if the premium payer passes away. The premium waiver on death is only available if you (the life insured) are not the premium payer.

CashBack benefit
Will give you a cash payout every five years, if your policy is still active and all monthly payments have been made.

Escalation options
Allow you to increase your benefit and premium amount to keep up with inflation (the rising costs of living)..

Monthly Support Payout benefit
Allows your beneficiaries to spread the payouts. Instead of a once-off payout, they may receive a monthly pay out for up to 60 months.

What are the rules?

Entry age
Anyone between the age of 15 and 65 years old can apply for critical illness cover.

Term benefit
The minimum term is five years.

Cooling off period
You have the right to cancel the critical illness cover within 30 days of receipt of the policy summary. You will receive a refund of any payments you made less the cost of any cover enjoyed before you cancelled the policy.

Survival period
A 14-day survival period is applicable to all illnesses. This means that a claim will only be considered if the life insured has survived at least 14 days after the diagnosis of the condition or illness.

Waiting period
A three month waiting period applies to cancer. This means that a claim will only be considered after three months from the start of the policy.

The critical illness cover policy can be ceded and used as security for a loan.

Underwriting requirements
An AIDS test is required. Metropolitan may require further medical tests depending on your circumstances. A medical and lifestyle questionnaire also needs to be completed.

Get financial advice

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Or call us on 0860 724 724


Need to claim?

Call us on 0860 724 724

or visit your nearest Client Service Office