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Why Buy Critical Illness Insurance?

Created: 21 September 2020

With the alarming statistics of Malaysians being diagnosed with critical illnesses (CI) such as diabetes, heart diseases, cancer and other non-communicable diseases, coupled with the sky-rocketing costs for treatment, buying a critical illness plan is more of a necessity these days, to provide a financial safety net when the unexpected happens.

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What is a Critical Illness Insurance?

Critical Illness insurance is designed to provide financial support when you are diagnosed with any of the covered critical illness stated in the policy. The financial support will usually be a lump sum cash payment based on the severity of your ailment or at which stage of illness you are at. Critical illness usually leaves devastating impacts to lives; with some no longer able to work and having to fork out huge sum of money to commute for frequent, long-term treatment and being able to afford medication. 

CI plan is different from medical insurance in at that, the plan pays directly to you, whereas medical insurance pays the hospital where you seek for medical treatment or surgery. 

Typically, CI plans do not provide coverage if detected in early stage and coverage ends upon a single claim made. However, there are certain types of CI plans that provide coverage for early stage and multiple claims.

What is considered a critical illness?

The 36 critical illnesses stated in CI plans are of the most prevalent among Malaysians. Nevertheless, there are also plans that cover more or less than 36 CIs, based on different affordability range.

Also, for a more comprehensive coverage  instead of just getting a standalone CI plan, you may want to consider purchasing an investment-linked insurance plan that covers death, total and permanent disability (TPD), medical and CI, to give you needed protection while gaining potential upsides from funds to grow your wealth.

This plan may suit your needs

Critical Illness

A revolutionary critical illness plan designed with you in mind

 

 

 

 

 

 

 

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Dear valued customers, Effective 1 January 2021, the fund mandate for Manulife Managed Fund will be enhanced. Find out more

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Important Notice

The current situation will not stop us from supporting you. In view of the Movement Control Order (MCO), you can now email your claims to us!
Here’s how you can do so
https://www.manulife.com.my/en/individual/services/file-a-claim.html
For further enquiries, please email MYLife_CustomerService@manulife.com or call us at 1-300-13-2323. Our customer service team will be pleased to assist you.
We are here for you & with you 

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Manulife Managed Fund: ENHANCEMENT TO FUND MANDATE

Dear valued customers, Effective 1 January 2021, the fund mandate for Manulife Managed Fund will be enhanced. Find out more

View more
Important Notice

The current situation will not stop us from supporting you. In view of the Movement Control Order (MCO), you can now email your claims to us!
Here’s how you can do so
https://www.manulife.com.my/en/individual/services/file-a-claim.html
For further enquiries, please email MYLife_CustomerService@manulife.com or call us at 1-300-13-2323. Our customer service team will be pleased to assist you.
We are here for you & with you 

View more
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