What's Manulife CI Early Advantage all about?
Looking for extra insurance coverage? Manulife CI Early Advantage is a critical illness investment-linked rider that you can add on to a basic investment-linked policy for more comprehensive protection!
Who is eligible to sign up for Manulife's CI Early Advantage?
Anyone between the age of 30 days to 64 is eligible to apply for this critical illness plan.
Can I make a claim for the same illness more than once?
Yes. The multiple claims system works like a reducing balance. You can make multiple claims across various severity levels of the same or different Critical Illness, up to 100% of the Face Amount, that means your agreed sum assured when you first applied for your insurance.With that said, the higher your Face Amount, the higher your premium.
Depending on the severity of your medical condition, Manulife’s CI Early Advantage will provide critical illness coverage for all 3 levels of severity:
- Severity 25 - This is a 25% payout of your Face Amount for early stage illnesses
- Severity 50 - This is a 50% payout of your Face Amount for intermediate stage illnesses
- Severity 100 - This is a 100% payout of your Face Amount for severe stage critical illnesses
Besides that, you’ll also receive a Get Well Benefit which gives you an additional 5% of the Face Amount during your first claim. This additional amount can reach up to a maximum of RM5000.
How much can I be insured for?
It largely depends on ‘how much’ you can afford. You will have to consult an insurance advisor from Manulife to advise a premium that is suitable for you in order to determine the appropriate Face Amount which is suited for your budget. These of course will be subject to the underwriting terms of Manulife Insurance Berhad.
Is there a waiting period between claims?
There is no waiting period between critical illness claims provided that the initial waiting period has been satisfied. The initial waiting period varies for different type of critical illnesses and severity level, the shortest being 30 days and the maximum goes up to 120 days.
No claims can be made during the waiting period if you are diagnosed with any of the covered critical illnesses. There is a survival period of 30 days which is the span of time you have to survive upon detection of a critical illness before any claims can be made.
How do I make a claim?
Give a call to Manulife's friendly customer service at 1300 13 2323 during their business hours from Monday to Friday and they will guide you step by step on your claim submission. Alternatively, you can visit your nearest Manulife branch or make your way to their head office at the following address:
Manulife Insurance Berhad
12th Floor, Menara Manulife
6, Jalan Gelenggang, Damansara Heights
50490 Kuala Lumpur
Will I need to pay for GST?
Yes, like any other critical illness insurance plan in Malaysia, this critical illness insurance plan is subject to 6% GST.