How do I compare policies?

There are various ways you can compare critical illness policies and there is value in not settling with the first one you come across, since you could potentially save a lot of money and increase the level of cover you get. If you are hoping to take out an insurance policy it is advisable to look at policies offered by different providers, rather than going for the first quote you get. Providers offer different plans and policies and shopping around may find you a better deal, as well as a plan that better suits your needs and preferences.

Finding quotes

Finding an insurance policy can be a bit of a minefield because there are so many different policies and insurance companies out there. Fortunately, it is now very easy to find out about providers and their policies and there are a variety of ways you can go about getting quotes. The easiest and quickest way is to use an online comparison site. All you have to do is log on to a comparison site on the internet, enter your search criteria into the site and it will bring up hundreds of different options. You can carry out an advanced search to ensure that you only get relevant results and you can tailor the search to meet your needs; for example, if you want to add a partner or increase the level of cover.

Using the Internet is straightforward and it will save you a great deal of time. Sites also present the information in a way that is simple to understand and you can see what you are getting for your money.

Using the Internet is beneficial but not all providers are listed on comparison sites, so it is worth visiting their individual websites or telephoning them to get a quote. Some providers offer incentives for new customers and you may also save money if you already have other insurance policies with a provider (vehicle, home or health insurance, for example) so it is worth enquiring about multi-policy discounts.

It is also worth looking at insurance leaflets as they provide detailed information about the policies, as well as additional information, such as whether you need to inform your insurance company about any changes to your health and details of any exclusions that apply.

Different policies can cover different illnesses, so make sure you are aware of the illnesses covered by your insurance plan. Often, companies list their core illnesses as well as a section of extras, and it is usually advisable to go with the policy that offers the best level of cover for core illnesses, since these are much more common.

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