Policy exclusion questions

[Layers]

Current plans with prudential.
Shield A Primer, exclusion for pvt hospital due to upgrade.
Exclusion to life plan.

I am replacing life to a term plan from AIA with no exclusion. This prompt me to consider switching my shield plan to AIA, if after underwriting, there is no exclusion.

But I have my doubt here. Will AIA reject my claims in the future due to the exclusion history even when they do not exclude me when I sign the policy? Or better to stay with prudential?

Please advice, TIA

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[dendii]

Term plan's requirement is not as strict as shield plan so even though you don't have any exclusions on your term doesnt mean the same for shield plan.

Having said that, as long as you declare your pre-existing condition properly and the insurer still accepts the policy with no exclusions, there shouldnt be any issues when it comes to claim.

If you can provide more details on your exclusion I think can get better advice.

 

[Layers]

Term plan's requirement is not as strict as shield plan so even though you don't have any exclusions on your term doesnt mean the same for shield plan.

Having said that, as long as you declare your pre-existing condition properly and the insurer still accepts the policy with no exclusions, there shouldnt be any issues when it comes to claim.

If you can provide more details on your exclusion I think can get better advice.

oic. Tat explain why there is no exclusion.

Why the double standards?

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[dendii]

Not really double standard but the reason behind is simply because of the potential risks involved.

For a hospital plan, chances of claim is higher and any potential conditions may led to other conditions that requires further treatment, thus increasing the cost incurred to the insurer themselves.

For a life plan, chances of claim is lower, though the amount of payout can be higher as compared to a hospital plan. Furthermore, your condition may not be a direct link to the 43 critical illnesses under AIA's coverage so they probably considered it as a lower risk to accept your case.

oic. Tat explain why there is no exclusion.

Why the double standards?

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[akwl88]

Not really double standard but the reason behind is simply because of the potential risks involved.

For a hospital plan, chances of claim is higher and any potential conditions may led to other conditions that requires further treatment, thus increasing the cost incurred to the insurer themselves.

For a life plan, chances of claim is lower, though the amount of payout can be higher as compared to a hospital plan. Furthermore, your condition may not be a direct link to the 43 critical illnesses under AIA's coverage so they probably considered it as a lower risk to accept your case.

are you ryan?

 

[dendii]

are you ryan?

No my name is not Ryan. Ryan is your friend

 

[Layers]

Not really double standard but the reason behind is simply because of the potential risks involved.

For a hospital plan, chances of claim is higher and any potential conditions may led to other conditions that requires further treatment, thus increasing the cost incurred to the insurer themselves.

For a life plan, chances of claim is lower, though the amount of payout can be higher as compared to a hospital plan. Furthermore, your condition may not be a direct link to the 43 critical illnesses under AIA's coverage so they probably considered it as a lower risk to accept your case.

Let's say I apply for AIA n no exclusion. Shld just buy right.

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[dendii]

If you apply for AIA, no exclusions and everything inforced as per normal, plus you are healthy, no family history of illnesses, no medical symptoms whatsoever, then it is up to you to decide already.

I am assuming that your AIA agent is someone you know and trust, hence you are giving this a consideration?

For me, I probably will leave the shieldplan alone unless the agent is someone I am very comfortable with and fully trust.

And I missed out 1 point, what do you mean by exclusion for private hospital due to upgrade?

Let's say I apply for AIA n no exclusion. Shld just buy right.

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[dkgamer]

or you can just get the moratorium underwriting from aviva if condition is minor

 

[Layers]

If you apply for AIA, no exclusions and everything inforced as per normal, plus you are healthy, no family history of illnesses, no medical symptoms whatsoever, then it is up to you to decide already.

I am assuming that your AIA agent is someone you know and trust, hence you are giving this a consideration?

For me, I probably will leave the shieldplan alone unless the agent is someone I am very comfortable with and fully trust.

And I missed out 1 point, what do you mean by exclusion for private hospital due to upgrade?

after upgrade. The upgrade portion has exclusion. The old portfolio which I used to cover public only has no exclusion.

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