What is Manulife Cover-Me-Again?
Worried about a recurring illness such as a heart attack? Manulife will ease your woes by giving additional financial help for those who need to claim for selected illness twice such as heart attack, stroke, cancer and major burns. This list is by no means exhaustive and these are just a few of the many, terms and conditions apply.
Manulife Cover-Me-Again can be purchased as a standalone policy or as an add-on to your regular Manulife investment-linked policy to enhance your protection.
Anyone who is aged 30 days to 59 years is encouraged to apply.
What is the coverage period for this insurance?
The coverage period for this insurance is up to 80 years old. No renewal is needed.
How much can I be insured for?
Manulife's Cover-Me-Again gets you covered starting at a minimum Face Amount of RM20,000 up to a maximum of RM500,000, depending on your medical condition.
Tell me more about how this insurance policy works?
Below is an example for someone claiming for the selected illness twice:
|Claim||Critical Illness||Benefit (RM)||Recovery Allowance (RM)||Claim Payout (RM)||Waiting Period Required|
|1st claim at age 51||Stroke||100000||5000||105000|
30 days (From policy issue date or reinstatement date, whichever is later)
|2nd claim at age 54||Stroke||100000||5000||105000||2 years from diagnosis of 1st claim|
You apply for the Manulife Cover-Me-Again with a Face Amount of RM100,000, at age 50. You first claim for stroke at age 51, at 100% of the Face Amount of RM100,000, plus RM5000 recovery allowance. Since this is your first claim, you'll also receive recovery benefit of RM750 cash vouchers which you can use to redeem medical items.
At age 54, you experience a stroke for the second time and you will once again be entitled to the full Face Amount of RM100,000 and the RM5,000 recovery benefit. All-in-all, you have successfully claimed RM210,000 and not forgetting the RM750 cash voucher from Manulife during the course of your policy.
Similarly, you may also claim for two different covered critical illnesses with the same mechanics above. Bear in mind that for multiple claims on the same critical illness, the second claim must be proved to be a new occurrence and not a progression of the prior condition.
In case if you don't know, Face Amount is the sum assured you decided when you first applied for your insurance.
Is there a waiting period between claims?
Yes, there is. Depending on the type of illness, the waiting period varies between 30, 60 and 120 days. There shall be a waiting period of 2 years in between each claim.
For Cancer, the waiting period for the second claim is two years from complete remission of the first claim. However, there’s no waiting period for early Cancer and Angioplasty.
Are there any other special benefits for this product?
Most certainly! There are actually three additional perks to enjoy:
Recovery Allowance - Additional 5% of the Face Amount, or a maximum of RM5000 for your first two claims.
Death Benefit - If you policy is a standalone policy, 10% of your basic Face Amount will be given to the beneficiary in the event of *knocks on wood* your death
Recovery Benefit - RM750 voucher to be used for expensive medical items on your first claim.
What should I do to make a claim?
Manulife's customer service is just a phone call away, contact them in case of a claim at 1300 13 2323 during their working hours and they'll be there to assist you on any claim inquiries. Alternatively, you can head to your nearest Manulife branch or visit their head office.