Dread disease cover is a long term insurance policy that provides a lump sum pay out in the event of you contracting a dread disease like cancer. It can be used to help fund any additional expenses that arise from contracting the disease (e.g. medical expenses)
This type of cover mustn’t be confused with medical aid. Medical aid covers specific expenses incurred (i.e. hospital expenses) whilst dread disease insurance pays out a lump sum benefit depending on the severity of the illness. The payout has no relation to the expenses you’ve incurred during your illness.
