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Critical Illness Definitions Will Change from 26 August 2020 — What Does This Mean to Me?
The last update to LIA Singapore’s CI definitions was in 2014, where some of the 37 severe stage CIs definitions were revised; and the maximum limit of 30 medical conditions per CI plan was abolished to allow for more medical conditions to be covered. All member companies of LIA Singapore and the General Insurance Association of Singapore will need to adopt the set of revised definitions no later than 26 August 2020. However, policyholders with existing CI policies are not impacted by the new CI definitions.
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By weareMAPThe last update to LIA Singapore’s CI definitions was in 2014, where some of the 37 severe stage CIs definitions were revised; and the maximum limit of 30 medical conditions per CI plan was abolished to allow for more medical conditions to be covered. All member companies of LIA Singapore and the General Insurance Association of Singapore will need to adopt the set of revised definitions no later than 26 August 2020. However, policyholders with existing CI policies are not impacted by the new CI definitions.