Is NatWest Critical Illness Insurance worth it in 2024?

NatWest critical illness insurance is offered by NatWest, a major retail and commercial bank in the United Kingdom.

Established in 1968 by the merger of the National Provincial Bank and Westminster Bank, NatWest offers a wide range of banking products and services to personal, business, and corporate customers.

These products include current accounts, savings accounts, credit cards, loans, mortgages, and insurance, which includes critical illness insurance.

What is NatWest critical insurance?

NatWest Critical Illness Insurance is a policy that provides a lump sum payment if you are diagnosed with a covered critical illness. This can help you with the financial costs of treatment, time off work, or other expenses.

There are two main types of critical illness cover:

1. Short-term cover: Pays out a lump sum if you are diagnosed with a covered critical illness within a certain period, such as two years.
2. Long-term cover: Pays out a lump sum if you are diagnosed with a covered critical illness at any point during your policy term.

The amount of coverage you can choose will depend on your circumstances. You should also consider the cost of the policy and whether there are any exclusions or limitations.

Can you get NatWest critical illness insurance in Canada? 

No, NatWest critical illness insurance is not available in Canada.  Natwest is a UK-based bank and insurance provider, and its products and services are typically only available to residents of the UK.

However, many critical illness insurance providers in Canada offer similar products. Here are some examples:

1. Blue Cross critical illness insurance
2. BMO critical illness insurance
3. Canada Life Critical Illness insurance
4. CIBC critical illness insurance

You can use our comparator below to compare critical illness insurance plans from these providers and other top companies in Canada, get free personalized quotes, and find a policy that meets your needs.

What does critical illness insurance cover?

If you're wondering if critical illness insurance is worth it, then take a quick look at the list of critical yet common illnesses it covers. Critical illness insurance in Canada provides financial protection by offering a lump sum payment if you are diagnosed with a serious illness. Commonly covered conditions include cancer, heart attack, stroke, and major organ transplant.

While coverage might change from one provider to another, critical illness insurance in Canada typically covers:

1. Cancer
2. Heart attack
3. Stroke
4. Major organ transplant
5. Kidney failure
6. Coronary artery bypass surgery
7. Multiple sclerosis
8. Paralysis
9. Blindness
10. Deafness

What does critical illness insurance not cover? 

Common exclusions include:

• Pre-existing conditions
• Mental health conditions
• Terminal illnesses
• Cosmetic or experimental treatments

Also, most plans don't cover certain critical illnesses, such as HIV/AIDS, substance abuse-related illnesses, and certain genetic disorders.

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Sunny Yadav Copywriter

Sunny has over six years of experience curating engaging content spanning across industries. Specifically in finance, his expertise is insurance reviews and lending and investment topics.