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MIND THE GAP

Critical illness cover: Read the fine print

New definitions issued by the Life Insurance Association in August 2019 have resulted in enhanced benefits and pricing, but the devil is in the details

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An AXA survey found only one in two working adults in Singapore are insured against CIs Only one in four feels confident the coverage will give enough protection.

INSURANCE protection against critical illness (CI) is one of the major building blocks of a sound financial plan. Whatever your age, a major CI diagnosis is a heavy financial burden unless you have ample financial assets.

The good news is there is a wealth of standalone CI plans in the...

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