QFA Life Assurance Practice Test

To successfully claim on a serious illness cover as part of a Term Assurance policy, Alex needs to be diagnosed with a serious illness, which is typically specified in the policy. Many policies cover specific conditions, and cancer is a common inclusion. Therefore, receiving a diagnosis of cancer by a qualified medical professional fulfills the criteria set forth by the insurance policy for making a claim.

Being off work sick, attending a medical examination, or giving up work may be associated with the illness or the claims process in general, but they are not absolute requirements for initiating a claim on serious illness cover. The primary determinant hinges on the medical diagnosis aligning with the terms listed in the policy.