Update to Critical Illnesses definitions and coverage

Life Insur­ance Asso­ci­ation Singa­pore (LIA) has just made two changes to the Crit­ical Ill­nesses (CIs) bene­fits offered under new indi­vidual and group insur­ance policies. These changes take imme­di­ate effect.

Firstly, the defin­i­tions to the “severe stage” of the cur­rent 37 CIs are updated. This is to reflect the advances in clin­ical prac­tices, med­ical sci­ence and technology.

Secondly, LIA now allows more than 30 CIs to be covered in a crit­ical ill­ness plan. Cur­rently, only 30 out of the 37 CIs are selec­ted by each insurer to be included in a life insur­ance plan.
Addi­tional crit­ical ill­nesses out­side the 37 stand­ard CIs will be set and defined by indi­vidual insurer. Insurer is also allowed to offer single-illness CI plan such as cancer.

The cur­rent defin­i­tion of the 37 CIs will not be sold from 1 Feb 2014.