Oh so your premiums is calculated based only on the CPF portion without rider.. So for the second point, does this mean other than AIA, the rest of the insurer does not cover post-hospitalization treatment due to CI? If the rest also covers, does this also means AIA only provide Post hospitalization treatment for 100days unless it is due to CI?
Thanks for helping to clear the air here...
No problem! Happy to exercise my brain (^_^)
And yeah, I am only using the CPF portion without the rider. I believe each firm will have their own subset of riders which may or may not add on to the non-CPF medisave premium. For example: AIA has Essential which is paid in cash, this portion is definitely cheapest in the market since AIA charges a bit more on the non-cash portion (hence why it is not the cheapest).
The rest of the insurers DO cover CI, I must make that clear!
All insurers will usually cover it but from my knowledge you have to add a rider on to do so. AIA has it built-in. Basically, the difference is, other companies are opt-in, AIA is already there. What AIA has that others don't have is an additional 100k reimbursement for CI treatment (however this is not cash in-hand like a Critical Illness Plan, this is only REIMBURSEMENT).
Post hospitalization is 100 days if not due to CI, which most people have reacted negatively to. However, one point that I like to bring up with respect to this is the following:
AIA focuses on the shorter-term because the shorter-term problems are more likely to occur. This is evidenced from the fact that they even pay out for short-stay ward (6 hours with PRE AND POST COVERED, no others have this).
Long waits are more common with public hospitals, but with AIA cover, visiting the private hospitals is not an issue (and of course coverage is the same). You can get quick treatment and the best service; in which case 100 days is enough.
The situations under which you need more than 100 days is usually when something very serious has occurred, a good planner will have assisted you in planning for this (yes, I know this statement is a poor one since 'good' agents are almost non-existant) and therefore you should still be well covered.
Remember an insurer only offers something BIG when they have more to gain than to lose. The reason they are offering 180 is because there are fewer claims past 100 days and therefore its just an additional selling point.
Hope this helps a bit more!
P.S. I myself am on AIA.
