Windwaver Turbocharged February 28, 2012 Share February 28, 2012 Critical Illness as we all know can bankrupt families. Do you guys have any CI coverage? If yes, to what age and what kind of coverage? I'm currently reviewing my plan, does it makes sense to extend coverage to 99 or 100 years? Or just cover till 60 then after that rely on MediShield? ↡ Advertisement Link to post Share on other sites More sharing options...
Picanto 3rd Gear February 28, 2012 Share February 28, 2012 Critical Illness as we all know can bankrupt families. Do you guys have any CI coverage? If yes, to what age and what kind of coverage? I'm currently reviewing my plan, does it makes sense to extend coverage to 99 or 100 years? Or just cover till 60 then after that rely on MediShield? Does you company have health insurance plans for its staff? Link to post Share on other sites More sharing options...
Windwaver Turbocharged February 28, 2012 Author Share February 28, 2012 Does you company have health insurance plans for its staff? Me yes, my wife no Link to post Share on other sites More sharing options...
Davidklt 6th Gear February 28, 2012 Share February 28, 2012 If it worries you, then get it. Link to post Share on other sites More sharing options...
Windwaver Turbocharged February 28, 2012 Author Share February 28, 2012 If it worries you, then get it. No exactly but there are two camps with regards to CI coverage, so posting here to see if there're any experts Link to post Share on other sites More sharing options...
Windwaver Turbocharged February 29, 2012 Author Share February 29, 2012 Bump for experience and ideas Link to post Share on other sites More sharing options...
Matchy Neutral Newbie February 29, 2012 Share February 29, 2012 No exactly but there are two camps with regards to CI coverage, so posting here to see if there're any experts well, i am an agent myself but i never cover for early critical illness(able to contain)...but CI yes.... the simple reason is that the financial burden to bear is too much if the CI drag outside hospitals (kidney dialysis, stroke etc). For those contained in hospitals like cancer or heart attack, the basic medishield upgrade with private insurance company with rider (cover 100%) will be sufficient... even for those covered under coy insurance, if u contract CI, they might terminate you and hence u lose your coverage as well... just my honest opinion Link to post Share on other sites More sharing options...
Cheepo 3rd Gear February 29, 2012 Share February 29, 2012 (edited) Critical Illness as we all know can bankrupt families. Do you guys have any CI coverage? If yes, to what age and what kind of coverage? I'm currently reviewing my plan, does it makes sense to extend coverage to 99 or 100 years? Or just cover till 60 then after that rely on MediShield? Windwaver, I presume you also have taken up hospitalisation insurance? Very very important. And that is from me, a very anti-insurance person. Sometimes the best surgeon for a certain illness is in private practice and the cost of that procedure and hospital stay will wipe one's fortune out in a matter of weeks. Edited February 29, 2012 by Cheepo Link to post Share on other sites More sharing options...
Windwaver Turbocharged February 29, 2012 Author Share February 29, 2012 well, i am an agent myself but i never cover for early critical illness(able to contain)...but CI yes.... the simple reason is that the financial burden to bear is too much if the CI drag outside hospitals (kidney dialysis, stroke etc). For those contained in hospitals like cancer or heart attack, the basic medishield upgrade with private insurance company with rider (cover 100%) will be sufficient... even for those covered under coy insurance, if u contract CI, they might terminate you and hence u lose your coverage as well... just my honest opinion Hi, thanks for the post. I agree in the event if CI coverage under a company is lost due to termination, retrenchment, etc that can really be heavy on the pocket. Now, there's 2 camps of thought even on that matter. One camp is in support of getting CI, the other compares between paying for CI and using that money to invest for own CI expenditure. Having said that, what is your recommendation for duration of CI coverage? Some early plans only cover till age 60. Now there are plans that go all the way to 100. For people with old plans (cover till 60 only), what is your recommendation to extend CI coverage to say beyond 80 years old? Link to post Share on other sites More sharing options...
Toapayohkid 1st Gear February 29, 2012 Share February 29, 2012 Hi, thanks for the post. I agree in the event if CI coverage under a company is lost due to termination, retrenchment, etc that can really be heavy on the pocket. Now, there's 2 camps of thought even on that matter. One camp is in support of getting CI, the other compares between paying for CI and using that money to invest for own CI expenditure. Having said that, what is your recommendation for duration of CI coverage? Some early plans only cover till age 60. Now there are plans that go all the way to 100. For people with old plans (cover till 60 only), what is your recommendation to extend CI coverage to say beyond 80 years old? all depends on what you are comfortable. for me, ci very useful if got dependents. but once no more dependents as in kids start work, can stop ci and normal hospital insurance cover can already. so that means ci until about 60. no fixed rule one, up to individual Link to post Share on other sites More sharing options...
Mustank Hypersonic February 29, 2012 Share February 29, 2012 Critical Illness as we all know can bankrupt families. Do you guys have any CI coverage? If yes, to what age and what kind of coverage? I'm currently reviewing my plan, does it makes sense to extend coverage to 99 or 100 years? Or just cover till 60 then after that rely on MediShield? The cheapest CI cover i knows is as follows: 1) garmen people insurance - you must be garmen people then can buy 2) SAF Group Term Insurance 3) SAFRA GRoup Term insurance Link to post Share on other sites More sharing options...
Gearoil 1st Gear February 29, 2012 Share February 29, 2012 Critical Illness as we all know can bankrupt families. Do you guys have any CI coverage? If yes, to what age and what kind of coverage? I'm currently reviewing my plan, does it makes sense to extend coverage to 99 or 100 years? Or just cover till 60 then after that rely on MediShield? If one die....or about to die..becos of critcal illness then die... Don't drag and get more coverage to prolong it.. You're prolonging the pain, burden on others close to you and benefitting the axx hxles who are out to take a chunk of $$$ out of you ... That's my take... Link to post Share on other sites More sharing options...
Windwaver Turbocharged February 29, 2012 Author Share February 29, 2012 all depends on what you are comfortable. for me, ci very useful if got dependents. but once no more dependents as in kids start work, can stop ci and normal hospital insurance cover can already. so that means ci until about 60. no fixed rule one, up to individual How about covering youself for a spouse? As for CI till 60 and using hospital insurance to cover in the event if company don't cover or loss of job, how does that work out? I'm not very knowledgable in hospital insurance plans as company always cover Link to post Share on other sites More sharing options...
Rayleigh 6th Gear February 29, 2012 Share February 29, 2012 (edited) Critical Illness as we all know can bankrupt families. Do you guys have any CI coverage? If yes, to what age and what kind of coverage? I'm currently reviewing my plan, does it makes sense to extend coverage to 99 or 100 years? Or just cover till 60 then after that rely on MediShield? From my observation from friends and relatives 1. Have money and willing to spend: probability of recovering is higher 2. Have money but not willing to spend: probability of recovering is lower 3. No money and unable to spend: probability of recovering is lower Conlusion: I want to have a healthy longer life span. Yes CI is important to me due to logic S/N1 Edited February 29, 2012 by Rayleigh Link to post Share on other sites More sharing options...
Gearoil 1st Gear February 29, 2012 Share February 29, 2012 From my observation from friends and relatives 1. Have money and willing to spend: probability of recovering is higher..that's what you think..doctors now don't even know what cause many illness let alone making you recover! 2. Have money but not willing to spend: probability of recovering is lower..if what doctors don't know and can't cure anyway what is the difference of them helping you recover iregardless whether you have money or not except to give it to the doctor for hopes! 3. No money and unable to spend: probability of recovering is lower No money die ..got money die...die faster less suffering,there is NO recovering anyway! Conlusion: I want to have a healthy longer life span. Yes CI is important to me due to logic S/N1 A false belief that had imprinted onto your mindset without knwoing the real truth only serve to enrich the sly and cunning and deplete the fool.. Link to post Share on other sites More sharing options...
Rayleigh 6th Gear February 29, 2012 Share February 29, 2012 A false belief that had imprinted onto your mindset without knwoing the real truth only serve to enrich the sly and cunning and deplete the fool.. OK, noted your comments. Then what is your take on CI? Link to post Share on other sites More sharing options...
Windwaver Turbocharged February 29, 2012 Author Share February 29, 2012 Windwaver, I presume you also have taken up hospitalisation insurance? Very very important. And that is from me, a very anti-insurance person. Sometimes the best surgeon for a certain illness is in private practice and the cost of that procedure and hospital stay will wipe one's fortune out in a matter of weeks. Hi Cheepo, I do agree with you. However, may I know what age do your CI cover you to? I guess it only make sense to cover oneself to beyond 80 in Singapore. If that's the case, I'm very interested to know what sort of plans do that. Also the alternative to people having existing CI plans that cover till 60 only that wants to extend it beyond 80. The 3Ms can only cover when one is in hospital, beyond that, it's either covered by company or your own CI e.g. expensive medications, etc. That's why I'm concern with CI. Link to post Share on other sites More sharing options...
Vooth 2nd Gear February 29, 2012 Share February 29, 2012 If one die....or about to die..becos of critcal illness then die... Don't drag and get more coverage to prolong it.. You're prolonging the pain, burden on others close to you and benefitting the axx hxles who are out to take a chunk of $$$ out of you ... That's my take... When to kaput not up to individual lah and that includes euthanasia. ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Guide - Getting a preowned / 2nd hand car
Guide - Getting a preowned / 2nd hand car
Getting a foreign wife
Getting a foreign wife
COVID-19: Retrenchments
COVID-19: Retrenchments
I am diagnose with another incurable illness
I am diagnose with another incurable illness
Pump Petrol In JB - Worth it
Pump Petrol In JB - Worth it
Woman lashes out at tutor who asks for payment.
Woman lashes out at tutor who asks for payment.
Tutors getting private bankers pay
Tutors getting private bankers pay
Upgrading - Home Improvement Program HIP
Upgrading - Home Improvement Program HIP