Thursday, March 24, 2011

Failed To Claim From Your Critical Illness Insurance Policy?

Recently, I came across friends and relatives who suffered some form of critical illness. I guess as we age, more people will fall ill sooner or later as our sedentary lifestyle will affect our health eventually, for the worst.

Some of them have insurance coverage while some had inadequate insurance coverage.

Most frustrating of all is when they have insurance coverage, they could not claim against their policies due to technical reasons.

One of them is when the illness falls outside the definition of the illness by the insurance companies.

Since 1 July 2003, all the insurance companies in Singapore have agreed to follow a standardised definition of critical illnesses.

Do not hesitate to use this definition to check if you have been fairly treated.

Just give me a call at 63738797 if you need independent financial advice.

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