If you are looking for a critical illness health insurance plan, then you will have to look at the basic things that should be present in any policy is that the policy should have a cover for the time period and also should not have a minimum cover according to the government of Singapore as the expenses might even go above the minimum limit of the policy.
Critical illness policy should be taken by everyone from the age of year 18 years as no one knows when there might come a day where you will catch a critical illness, and you are very sick because of it and have to visit the hospital in order to treat you for that illness.
The treatment of illness and also diagnosing the problem what you are experiencing might be costly as the doctor uses high technology machines to scan your body and find out the area which is the most affected by this illness as in an illness called as cancer the lungs of the patient are full with a slimy block substance which is called as tar in any terms.
If you are experiencing side effects of any illness, then it is suggested that you visit a hospital and show the doctor as soon as possible as you do not want the illness to grow further in your body as this might cause many health problems and might even cause you to lose you money and also your life.
Also, if you are looking for the cheapest maid insurance policy in Singapore, then you have come to the right place as we will tell you about the company which provides cheap policy and also that particular company gives a different type of insurance policy to almost everyone.
It is made compulsory by the Singapore government that one should take a maid insurance policy before appointing a maid which either live in Singapore or you have requested the service of these maids from any other country.
These are the mandatory things that the insurance policy should have, and are namely called as personal accident coverage which should be provided for an amount of $60,000 and hospitalization cover of $15,000 for any emergency case and also a security bond of $5000 to be given to the government to make sure that the company is legit and is not committing any fraud and if they do then the CEO will be caught and be imprisoned and also fined.
Here is the list of things to consider when taking critical illness insurance:-
Check how critical illness plan works
The first thing is that you should check how your critical illness plan works as generally after you are diagnosed with a critical illness, then you have to submit the report to the insurance company.
Then they will give you the money according to which illness you are facing, and this money might be able to resolve any payment pending either in a hospital or the medical bill.
Look for maximum coverage
Whenever you are surfing the health care department in the insurance company and have planned to take a critical illness insurance policy, then you should keep in mind to take a policy which will offer you the maximum coverage for all the expenses.
This will include all the expenses that occur pre-hospitalization and also post hospitalization as the patient of this illness will take a time period of 60 months to recover from a critical disease.
This policy will have to cover expenses like diagnosing expenses, treatment expenses, medication expense, dialysis cover and also ambulance cover.
Amount of premium
You will have to calculate the amount of premium and if you don’t know what a premium is. Premium is the amount of money which you have to pay for the policy giving the company as you have taken a loan from them.
You will be told about the amount which you have to pay after regular intervals according to the premium calculator that is available online, and it gives you can get an accurate price which you have to pay a premium to complete the amount of your policy.
Check for exclusions
Whenever you are buying a critical illness insurance policy then you will have to check all the terms and conditions that are mentioned in the policy then only after reading the agreement paper, you have to decide whether you want to take the policy or not from them.
You also have to look out for the section in the agreement that says all the conditions from which you are not able to withdraw the amount of money then only you can sign the agreement and start paying the premium unless the amount has been completed.
Waiting period
Before you just buy any of the policy in the market you have to see the waiting time on the policy as some company offer a time of 90 days after you have been diagnosed by a critical disease.
There are also companies in the market which will give you the amount of policy only after 48 months of you getting diagnosed so you should take that policy which has the less waiting period than every other policy.
Sub-limits
Sub limit are of two types one is called as the hospital bed limit, and the other is called as the sub-limit on a specific disease this will tell you the amount of money which you will receive after the whole process of diagnosing the disease and sending the report to the insurance company from which policy is taken from.
Check the age
Before you just read the important part of the policy and sign the policy and take the amount of money from the insurance company and also you will have to pay a premium for the whole coverage.
Many of the policy out there in the market have the age limit of 60 years after which your policy is not valid, and the amount will be given after removing the charges.