Critical Illness Cover for Type 2 Diabetics has only become available in the past several years. It is only available through a handful of insurance providers.
Some providers will offer Type 2 Diabetes Critical Illness cover with no medical exclusions. Some will offer Critical Illness cover with some exclusions such as cardiovascular related conditions. Most applications for Type 2 Diabetes Critical Illness cover will require a medical report to support your application. This could be a screening, GP Report or a telephone medical appointment.
Unless your diabetes is very well controlled, and you have great health (i.e. no other medical conditions) then you should expect to pay a higher premium for your Diabetes Critical Illness cover. Moreover, providers may exclude some medical conditions from your cover that Type 2 Diabetics are prone to, for example eye problems.
Some reasons why you may be declined Critical Illness cover with Type 2 Diabetes are:
- Hba1c levels too high (e.g. above 8.0)
- Diabetes complications (e.g. Retinopathy, Neuropathy or Nephropathy)
- High Blood Pressure or High Cholesterol
Currently Critical Illness cover for Type 2 Diabetes is available to a relatively small percentage of applications. This is where there are no major related issues. Life Insurance providers are constantly developing underwriting criteria.
The Insurance Surgery works with a number of major insurance providers to improve products and underwriting. This includes Type 2 Diabetes Critical Illness cover.