What is AXA Affin Critical Illness?
AXA Affin's Critical Illness policy will ensure that you have access to enough funds to help you with your treatment and recovery for a critical illness. At a glance, there are a few key benefits for this insurance policy. First of all, you will have the choice of 2 different critical illness riders as add-ons according to your needs and affordability:
- Critical Illness Rider - additional cover that does not effect your basic protection
- Accelerated Critical Illness Rider - advances your basic cover to meet your immediate needs
I see. Care to explain more about these benefits?
For the Critical Illness rider, you will receive a one lump sum payout when you are diagnosed with one of the 36 critical illnesses. After this amount has been paid to you, your basic plan sum insured will remain intact. You will have complete control of how you spend the payout money - you can use them to pay your mounting loan repayments, or pay for your children's education fees.
As for the Accelerated Critical Illness Rider, to meet your immediate financial needs, you will receive an lump sum advancement of your basic cover sum assured when you are diagnosed with a critical illness. Your sum insured will then be reduced. Compared to the Critical Illness rider above, this is the cheaper choice.
Will cancer and diabetes covered with this CI?
Yes, you will be covered against cancer and surgical procedures for diabetes and kidney related diseases. It is also as important to have yourself covered against illnesses such as Parkinson's and Alzheimer's diseases, which the AXA Affin Critical Illness protection provides.
Can I cancel my policy if I am not happy with it?
If you are not happy with the policy, you may cancel the policy within 15 days from the date the policy is delivered to you. Your premium paid will be refunded, taking into account any medical expenses incurred.