What happens if my health deteriorates after making a claim on my Critical Illness policy?

After a successful claim you will receive a cheque for the tax-free lump sum payout, and the insurance policy will automatically terminate.

It makes no difference if your condition deteriorates after making a claim. Your policy has already paid out and your ex- insurer has no further involvement in your case.

If you are concerned about increasing your financial protection in case of other unfortunate circumstances then it's worth getting Life Insurance or perhaps an Income Protection policy to offer an alternative to your Critical Illness plan. An Income Protection policy pays a monthly income if you are unable to work because of sickness, accident or unemployment. The premiums are usually very affordable.