Best Critical Illness Insurance Plans Singapore We have said this and we will say it again, hospitalisation plans covers your bill, and the best critical illness insurance plans…
Premium Waiver
A premium waiver can be added or embedded in most multi-claim early critical illness insurance policies. This feature will waive off the remaining years’ premium in the event of the first critical illness claim and allow multiple subsequent claims for the remaining policy term.
Special Conditions
Early critical illness insurance policies will come with special benefits that cover adult or juvenile conditions like diabetic conditions or rheumatoid arthritis, which may or may not be a subset of critical illness. If you are diagnosed with such an illness, the severity of the condition will be assessed. Once this is complete, the insurance provider will pay out a percentage of the amount of critical illness sum that you have assured based on the result of the assessment. Such claims will not reduce the sum assured by the plan.
Pre-Early Stage Critical Illness Cover
Some companies provide early critical illness insurance as special coverage. This critical insurance plan allows the insurance policyholder to claim payment for the treatment for the diagnosis of a benign condition that may not be officially classified as a critical illness. The feature is usually a percentage paid out in addition to the total critical illness sum assured and will not reduce the total sum assured for the plan.