From July 1, 2003, the definitions of 37 illnesses covered under the critical illness (CI) benefit will be the same across all list of insurance companies providing CI benefits in Singapore. The Life Insurance Association of Singapore (LIA) and General Insurance Association of Singapore (GIA) standardised the definitions in the interests of both consumers and insurers, and all member companies providing the CI benefit have agreed to adopt the new definitions. The new definitions will apply only to individual policies issued, or group policies issued or renewed, on or after July 1, 2003.
The CI benefit provides for the payment of a lump sum if a policyholder is diagnosed with an illness included in the list of covered illnesses in his or her policy. It is commonly sold as a stand-alone policy, or attached as a supplementary benefit to a basic policy. New policies will define critical illness events and, where possible, clearly specify the cause(s) of the event and the exclusions in order to ensure consistency in claims management.
The 37 Standardised Illness Definitions
1. Major Cancers
2. Heart Attack
3. Stroke
4. Coronary Artery By-pass Surgery
5. Kidney Failure
6. Aplastic Anaemia
7. Blindness (Loss of Sight)
8. End Stage Lung Disease
9. End Stage Liver Failure
10. Coma
11. Deafness (Loss of Hearing)
12. Heart Valve Surgery
13. Loss of Speech
14. Major Burns
15. Major Organ / Bone Marrow Transplantation
16. Multiple Sclerosis
17. Muscular Dystrophy
18. Paralysis (Loss of Use of Limbs)
19. Parkinsons Disease
20. Surgery to Aorta
21. Alzheimers Disease / Severe Dementia
22. Fulminant Hepatitis
23. Motor Neurone Disease
24. Primary Pulmonary Hypertension
25. Terminal Illness
26. HIV Due to Blood Transfusion and Occupationally Acquired HIV
27. Benign Brain Tumour
28. Encephalitis
29. Poliomyelitis
30. Bacterial Meningitis
31. Major Head Trauma
32. Apallic Syndrome
33. Other Serious Coronary Artery Disease
34. Angioplasty & Other Invasive Treatment For Coronary Artery
35. Progressive Scleroderma
36. Systemic Lupus Erythematosus with Lupus Nephritis
37. Loss of Independent Existence
Source: LIA Website
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Last Updated on Thursday, 08 September 2011 18:05
