What is the Advance CI Care all about?
This critical illness insurance policy is set forth by Citibank and is underwritten by Manulife Insurance Berhad in the hopes of giving you more options when it comes to medical care and more financial coverage to ease the burden of rising medical costs. The plan offers you various benefits including stagnant premium rates and income tax relief.
How much does it cover?
Since it is a critical illness insurance, the policy will provide coverage for a number of dangerous illnesses that you might have or are genetically inclined to contract over the period of your life. Of course, cancer is one of the main things that it will offer coverage for, as it is one of the more expenses and taxing illnesses out there and can be draining, physically, emotionally, mentally and financially. Therefore, providing you with some kind of backing will help lessen the financial blow if not anything else.
There are also several organ-related illnesses covered by this policy, including kidney, lung and liver failure. It will also include coverage for organ transplants should you be eligible and need it as a last resort. CI Care also takes into account several brain-related illnesses and those are by far the most dangerous as they can most likely end in death or at best leave you in a vegetative state. But with the right care at the right time, you get to increase your chances of recovering tenfold.
However, no one winds up in critical care out of the blue all the time, there are some instances where bad life choices or unfortunate accidents can be contributing factors in your lack of health. Which means that this policy will also cover infection and accident related injuries and illnesses that might fall under the categories of critical illness.
What else do I need to know about the policy?
Weill besides the non-increasing premiums, this policy allows for multiple claims simply because critical illnesses can be a whole other ball game when it comes to medical care. The Advance CI Care will also pay-outs for illnesses discovered in the early stages, this is to help you snuff out the spread of disease before it has time to fester.
Finally, the list of benefits is non-exhaustive, so you might want to have an extensive talk with your insurance handler on all the things the policy covers.
Who can apply for this policy?
Anyone over the legal age of 18 can pick up the policy as and when you need. However, critical illnesses don’t hit us when we turn 18, so parents you can pick up this policy for your child as soon as they turn a year old, to give them a shield medically should anything arise.
The maximum entry age if 65 years old.