Recently
I have been receiving quite a number of queries from friends regarding medical
conditions and whether their policies cover. It is a fact that in Singapore,
healthcare inflation generally rises faster than normal inflation. And there is
a S$124 million shortfall between the medical treatments that people need and
those they are prepared to pay for. In this month’s article, we introduce AIA’s
latest attempt to bridge that gap – SCC.
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The Issue at Hand…
More people are diagnosed with
critical illnesses every day. More than 1 in 4 Singaporeans die of critical
illnesses such as cancer. These illnesses are unpredictable. They can
potentially wipe out all our savings and cause unnecessary stress to our family,
both emotionally and financially.
Only with adequate coverage, can
we not be a financial burden to our family when it comes to treatment. And we can
focus on the one thing that is truly important — making sure that we can still
carry on with our daily activities including spending quality time with our
family.
Introducing the AIA’s Secure Critical Cover
Protection against the unforseen
The insured amount will be
paid out upon diagnosis of any of the 30 critical illnesses (listed in the
table of critical illnesses) or upon death or total and permanent disability
(TPD), whichever is earlier. This helps to ensure your family is not
financially burdened, and their quality of living is not affected should the
unimaginable occur.
Conversion privilege for more flexibility
Should your needs change at
any point, you may convert AIA Secure Critical Cover to any of AIA’s whole life
or endowment plans with no underwriting required.
Affordable premiums for peace of mind
For a male non-smoker aged 25,
paying premium annually, it only costs S$1.60 a day to receive S$100,000 amount
of coverage.
In a Nutshell…
The Secure Critical Cover is
an excellent addition to our Risk Management Portfolio as it boosts all three
of the major personal risks (Death, TPD and Critical Illness) at very
affordable and competitive premiums.
Contact your personal
Financial Services Consultant for a review to determine if this is suitable for
you.
