AIA Diabetes Care

[Ezylryb]

Just came across this new AIA Diabetes Care plan that launch on 23 March 2017. As a sweet tooth myself, I am considering into getting myself insured for this plan.

This is a relatively new product which currently does not have much information online. Is there anyone willing to share more details of the term and condition for this plan?

Would like to know if normal CI coverage from Aviva, GE, AXA, Manulife payout if the insured person is diagnose with diabetes?

From the AIA website, it seem that there are different category of diabetes (Pre-diabetics and Type 2 diabetics).

This AIA Diabetes Care can be only purchase after the insured person is diagnosed with diabetes after age 25, with no pre-existing diabetes-related complications?

 

[BBCWatcher]

As I read it, this insurance product is not for you, unless and until you have a Type 2 diabetes or pre-diabetes diagnosis. (If a doctor says you like sweets, that's not enough.) If you have that particular medical diagnosis, then this insurance provides some limited coverage against particular terrible and relatively rare (or rarer) complications.

It's AIA's attempt to plug one hole in preexisting condition medical insurance exclusions in a limited way that can generate some more profit. It's also a way for AIA to avoid completely turning away most Type 2 diabetics and pre-diabetics from its other insurance products -- to turn lemons into lemonade, as it were.

It's a very interesting risk play in certain ways. Undiagnosed and untreated diabetes is really when those terrible things can happen with some frequency, and in a very real sense AIA is better quantifying risks when they're targeting a pool of already diagnosed individuals. I applaud the creativity, I guess.

 

[Ezylryb]

As I read it, this insurance product is not for you, unless and until you have a Type 2 diabetes or pre-diabetes diagnosis. (If a doctor says you like sweets, that's not enough.) If you have that particular medical diagnosis, then this insurance provides some limited coverage against particular terrible and relatively rare (or rarer) complications.

It's AIA's attempt to plug one hole in preexisting condition medical insurance exclusions in a limited way that can generate some more profit. It's also a way for AIA to avoid completely turning away most Type 2 diabetics and pre-diabetics from its other insurance products -- to turn lemons into lemonade, as it were.

It's a very interesting risk play in certain ways. Undiagnosed and untreated diabetes is really when those terrible things can happen with some frequency, and in a very real sense AIA is better quantifying risks when they're targeting a pool of already diagnosed individuals. I applaud the creativity, I guess.

When I read the product summary initially, this plan seem confusing.

There are 3 common type of diabetes, type 1, type 2, and gestational diabetes. And this plan is cater only for type 2 diabetes, I will have to schedule for regularly checkup to know what my health status. I see that health checkup can range from a simple check that cost few hundred to complex one that your pant will drop when you see the cost Well most people will rather invest or save it rather than going for this comprehensive checkup?

Anyone here do yearly health checkup? I wonder whether should I go for the comprehensive one like once in 5 years, like changing car engine oil.

I like the way you are thinking with some insight details like an actuary, to make a losing business profitable -- 'to turn lemons into lemonade'!

We have to wait to know more on details for this plan I guess...