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Critical Illness (FAQ)

Nobody likes to think of the worst case scenario, but the truth is that serious illnesses have become a part of reality for many people around the world. Though lesser known than Life or Health Insurance, in the event of a major health emergency, Critical Illness insurance might be the only thing standing between you and financial ruin.

1.What is Critical Illness Insurance?

In short, Critical Illness insurance will provide you with a lump sum of money should you be diagnosed with certain long-term and serious conditions such as a heart attack or stroke, or diseases like cancer, multiple sclerosis or Parkinson's disease. Because these illnesses require extensive medical care and treatment, having a Critical Illness insurance policy in place may alleviate financial worry in the event that you become too sick to have any sort of income. 

2.What diseases are covered by Critical Illness insurance?

This depends on the plan you choose. Our basic package here at Pitsas Insurances covers cancer, heart attacks or coronary heart disease requiring surgery, strokes, kidney failure, blindness/loss of vision, and transplant of a vital organ. Our premium plan covers all of the aforementioned conditions, plus aplastic anemia, end-stage kidney failure, heart-valve and aorta surgery, loss of hearing and/or speech, being in a coma, major burns, Alzheimer's and Parkinson's disease, multiple sclerosis, lupus and more. For an extensive list of all our covered conditions, please click here.

3.Why would I need Critical Illness insurance when I am covered by the Cyprus public health system?

Our Critical Illness insurance plan is designed to provide you with the financial resourses necessary to access products or services that may not be covered by the public health care system. While our health care system can provide you with access to first-class facilities and treatment, it cannot offer extensive support during the aftermath of serious illnesses, especially once you've been released from the hospital. In addition, our public health system has not been designed to cover the personal impact an illness and its treatment may have on either the patient or their family. For example, there might be a need for transportation, home care or other non-medical support a patient may need as they receive radiation treatment for cancer. There may also be a need to redesign your home to better accommodate the use of wheelchairs or other medical equipment. Critical Illness insurance can provide you with the money you need to adjust to a new kind of lifestyle following a critical illness.

4.How long can I be covered?

Pitsas Insurance offers coverage to adults aged between 18 and 64.

5.Will I need to undergo any compulsory medical tests before I am insured?

That is not necessary. In most cases, all you will need to do is to honestly answer some questions regarding your medical history. If you suffer from a pre-existing medical condition, however, we will also request for you to either bring us your most recent medical tests or undergo new ones.

6.What is Survival Period?

Survival period means that the insurance benefit is payable only if the insured is still alive after 30 days since the first diagnosis date of the illness or the first time undergoing illness-related surgery.

7.What is the waiting period under this policy?

There is a waiting period of 3 months after the agreement takes place before you can file a claim under this policy.

8.Do I need to also have medical insurance if I want to get critical illness insurance?

Most insurers in Cyprus do offer this policy as a bundle with a medical card. Our company, however, can give you the option of purchasing a critical illness insurance policy independently, without other provisions.


If you have further questions about Critical Illness insurance, email us at: [email protected]

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