Critical illness insurance pays out a sum that is assured in the event the insured is diagnosed with a specific illness such as a heart attack or cancer during the term of the policy. The insured may receive up to 5 pay-outs once diagnosed with a critical illness listed under the policy.
Why is Critical Illness Insurance important?
A critical and major illness might change your life drastically if you are diagnosed with it. The hospitalization and medical fees will be so high that you might not even have an adequate amount of savings to pay. As such, the lump-sum-tax-free benefit will help you through these times of trouble.
What are some common examples of critical illness?
Some examples of critical illness are cancer, stroke, kidney failure, and even major burns. However, not all critical illnesses are covered by every single critical illness insurance. Thus, you will need to read through the insurance company's policy wording to know more about the coverage.
Manulife Singapore was established in 1980, providing one-stop solutions to meet the financial needs of clients at different stages of their lives. When other plans cease its cover after you have claimed for your condition, Ready CompleteCare covers you again and again.
Covers Early, Intermediate and Advanced stages of Critical Illnesses, up to 106 conditions
Restarts your coverage even after you have made a claim, up to 500%
Free child cover
Recurring Cancer Benefit pays 100% for subsequent advanced stage major cancer
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