Changes in CI Definitions & MINDEF-MHA Group vs Individual Insurance: What you need to know

Changes in CI Definitions & MINDEF-MHA Group vs Individual Insurance: What you need to know

If you have not heard, all insurers would have to adopt the new 2019 Critical Illness (CI) definitions set out by the Life Insurance Association Singapore (LIA) from 26 August 2020. The new 2019 definitions are more specific and have added exclusions. For Major Cancers, it requires more evidence and it excludes more minor cancers. […]

Common Questions on the Implications of the Amended Standard CI Definitions Answered

Common Questions on the Implications of the Amended Standard CI Definitions Answered

Critical Illness (CI) policiesprovide insurance against the diagnosis of the severe stage of medical conditions, using well-defined wordings. However, before 2003 it was up to individual insurers to define the CIs covered. The language used was relatively difficult to understand and potentially created uncertainty in the minds of consumers. 2003 CIs Definition Standardisation Addressing this […]