As the number of diabetic patients and individual with chronic conditions such as high blood pressure and high cholesterol skyrocketed over the last decade, more insurers have jumped on the bandwagon to offer specific solutions. The latest product in the market is Manulife Select Critical Care, a product which acknowledges the fact that purchasing a protection plan after 40 years old can be difficult due to the prevalence of chronic diseases affecting this specific age group.
If you are looking for affordable critical illness coverage and you, your friends or relatives belongs to the following profile
This plan may be suitable.
But before you jump in, let’s find out some important aspects of the plan.
The Manulife Critical Select Care provides advance stage Critical illness protection for the 6 most common diseases
In addition, the plan also provides lump sum coverage for fractures on specified sites suffered due to accidents.
2 Special conditions are also within the scope of protection, they are
In such instance, Manulife Critical Select Care will payout 25% of the sum assured subject to a cap of $25,000
As long as you are between the ages of 40 – 70 and even though you have existing health conditions such as high blood pressure, high blood sugar, high cholesterol or diabetes. Manulife Critical Select Care is available for you.
With the exception of diabetic retinopathy, the Critical Select Care covers individual with all types of diabetic conditions. This applies for patients even with type 1 diabetes, making it the only insurer that provides critical illness coverage to type 1 diabetic patient.
Manulife weed out unnecessary underwriting questions to make it simpler for you to apply. Here are the three questions that will be asked during your application for this policy:
Qns 1. Do you have any investigation, test, consultation, follow-up, surgery or procedure recommended by a doctor which is still pending? (treatment and follow up for high blood, high cholesterol and diabetes mellitus are not required to be declared)
Qns 2. In the last 5 years, have you ever been hospitalized or undertaken surgery based on doctor’s advice or investigation?
Qns 3. Have you ever been diagnosed with cancer (including carcinoma-in-situ), angina (chest pain), heart attack, stroke, kidney failure, dementia or mild cognitive impairment, chronic lung disease, Alzheimer’s, Parkinson, diabetic retinopathy, rheumatoid arthritis or osteoporosis
If you have stayed healthy throughout your policy term till the age of 85 and have not made any claims from the policy, Manulife will refund 25% of your total premium paid to you.
Sounds good? Of course! But there are also certain limitations to this plan. In particular if you’re concerned about diabetic complications arising from diabetes, this plan do not provide diabetic complication coverage whilst there are plans in the market that does. Also, if you fall below the age of 40, this plan has yet to be made available to you.
If you or your loved ones are suffering from chronic illnesses and wish to find out more about Manulife Critical Select Care and other similar plans, do leave us your details. A licensed representative will contact you and draft you a solution tailored to your needs.
Comments are closed.