1 Major Cancers
A malignant tumour characterised by the uncontrolled growth and spread of malignant cells with invasion and destruction of normal tissue. This diagnosis must be supported by histological evidence of malignancy and confirmed by an oncologist or pathologist.
The following are excluded:I am not legally or medically trained so my apologies if I have failed to misunderstand any of the terms clearly. It is stated above that Carcinoma in situ is excluded from the definition of the critical illness. A search on Google for this term reveals that it is cancer that involves only the place in which it began and that has not spread. Thus, if you have cancer which have not spread, do not be surprised if you cannot receive any payout from your critical illness plans.
• Tumours showing the malignant changes of carcinoma-in-situ and tumours which are histologically described as pre-malignant or non-invasive, including, but not limited to: Carcinoma-in-Situ of the Breasts, Cervical Dysplasia CIN-1, CIN-2 and CIN-3;
• Hyperkeratoses, basal cell and squamous skin cancers, and melanomas of less than 1.5mm Breslow thickness, or less than Clark Level 3, unless there is evidence of metastases;
• Prostate cancers histologically described as TNM Classification T1a or T1b or Prostate cancers of another equivalent or lesser classification, T1N0M0 Papillary micro-carcinoma of the Thyroid less than 1 cm in diameter, Papillary micro-carcinoma of the Bladder, and Chronic Lymphocytic Leukaemia less than RAI Stage 3; and
• All tumours in the presence of HIV infection.
14 Major Burns
Third degree (full thickness of the skin) burns covering at least 20% of the surface of the Life Assured’s body.
As such, you may wish to take a closer look at the critical illness riders or plan if you are buying one and ask your financial adviser for a more detailed explanation.
Posts
Hi kay,
ReplyDeleteCancer that had not spread usually is non-malignant or non-invasive. thus under normal critical illiness policy is considered not a covered event. If ppl are looking for policy that cover early stages of cancer, i think Great Eastern have a policy that covers early stage of cancer treatment.
Liang
Hi Liang,
ReplyDeleteThanks for the information. From the point of the insurers, cancers that have not spread and are confined to their location are highly curable thus it is not deemed to be critical. But the point is that not all people who buy such critical illness covers are aware that the definition of critical illness may be rather strict and if an illness does not meet the definition, it may result in non-payment.
Kay
Hi,
ReplyDeleteFYI TM Asia Life has that too. compare the premium that needs to be paid and usually TM would be price at a better rate for the same payout.
thank you
Suen
Notice that prostate cancer and breast cancer (the two most common types) are not really included as a definition. Some policies in the UK will pay proportionate benefits for either of these two so so it's worth reading the sales literature carefully before you buy cover.
ReplyDeleteInsurance is like any other investment - we need to do our homework before we plunge ourselves into getting one. It's good that the author pointed out that we need to take a closer look at any critical illness riders embedded in our policy. We need to make sure that we are to read the fine print in the contract and we have to let our broker explain in detail what's in it for us. If his explanation does not satisfy our questions, we ask more questions. Doing due diligence at this early point will help save us a lot of headaches in the long run.
ReplyDeleteIf one is ben ridden thats a serious illness
ReplyDelete