Investments

FTLife creates novel medical cover

FTLife has launched its MediSave Medical Account to help customers prepare for the possibility that serious illness could strike a breadwinner, or other family member, at any time.

This is the firm’s response to the fact that unaffordable medical expenses are often the first consequence following a critical illness such as cancer or heart disease. 

MediSure provides all-round medical protection that includes cover for hospitalisation and surgical treatment up to the unusually-high age of 128 years, after premiums have been paid for a limited period. 

In addition, an inflation protector option, plus family and health bonuses, help hedge against the ever-soaring cost of medical expenses, said the firm. 

It also reimburses the cost of treatments after a hospital stay. An overriding MediSave feature is that comprehensive medical coverage is provided at the same time as helping the policyholder to grow wealth.