Critical illness plan

Exclusively for AARP Members. What does critical illness insurance cover? What is critical illness insurance and do I need It? Why do you need critical illness insurance plans?

Help protect your finances during life-changing events.

Critical Illness can strike at any time. Pays a yearly benefit when one of screening exams is performed. This is a modal window. Generally, critical illness insurance plans cover the following illnesses : Cancer up to specified stage. Heart attack (first time).

Open heart coronary artery bypass grafting. Coma of specified severity.

Kidney failure that requires regular. It can help with the treatment costs of covered critical illnesses, such as a heart attack or stroke. More importantly, the plan helps you focus on recuperation instead of the distraction of out-of-pocket costs. With rising treatment costs and deductibles, you may want to consider insurance protection to help cover unexpected expenses. A critical illness plan is a policy that pays the insured a lump sum following the diagnosis of an illness covered under the plan.

The amount of the cash benefit is based on the condition, covered expenses and treatments covered by the employee’s plan. Any payment the plan makes is in addition to the benefits your employees receive from their health plan. Common critical illnesses covered include major cancers, heart attack and stroke. These covered illnesses are typically very severe and likely to render the affected person incapable of working. Because of the financial strain these illnesses can place on individuals.

That’s where a critical illness plan comes in. The financial cushion from a critical illness policy can reduce the financial impact of having a critical illness and coverage becomes an important financial safety net, designed to give a lump sum payout. What this means is that in addition to the hospitalisation cost, there will be other costs like doctor visits, medical expenses, etc. The good thing is that this lump sum payout is in addition to any mediclaim. It is one of the most critical insurance policies one should opt for these days.

In a critical illness insurance policy, the insured person is provided a financial compensation in case the person is diagnosed with any of the critical illnesses that are pre-defined in the policy.

When a serious illness strikes, help your employees focus on getting better, and worry less about medical bills. Even with medical coverage, out-of-pocket expenses such as travel, room and boar childcare or treatment options can quickly add up. You can spend this lump sum on anything ranging from paying gaps in your health insurance to everyday life expenses. It may also result in loss of income due to incapacity to work. The plan pays out the corresponding sum assured in one lump sum upon diagnosis of any of the covered LSCIs.

The insurance plan will pay cash directly to you in the event that you or a covered family member is diagnosed with one of the covered critical illnesses. Think of critical illness insurance like vitamin supplements. You get most of your nutrients from the food you eat, and supplements help fill in the holes. Likewise, where your major medical insurance takes care of the bulk of your costs following a diagnosis, your critical illness policy from Aflac helps with your uncovered expenses.

Use your benefits to pay your deductibles or copays. Pay your mortgage, car payments or other bills. Covered conditions include common critical illnesses such as heart attack, stroke, cancer, and major organ failure. Each critical illness is covered separately — your cash benefits remain. Plan -Provides comprehensive protection against critical illnesses which covers.

A critical illness such as a heart attack, stroke or major organ failure can impact anyone, from the least health-conscious to the most fit. Every seconds, someone has a heart-related event, and every seconds, another person has a stroke. Heredity and lifestyle affect your risk factors, but even if you’re in perfect health, life can change in an instant. But unlike most other plans, our plan is backed by a company with more than a century of benefits experience. Meeting Your Needs Our group critical illness coverage helps offer financial peace of min should a covered critical illness be diagnosed.

Our vision is to become a leading pan-Asian insurer that changes the way people feel about insurance. Since FWD was launched in our established markets of Hong Kong, Macau and Thailan we have added Indonesia, the Philippines, Singapore, Vietnam, Japan and Malaysia to our portfolio of companies.