Aviva’s MyShield is currently the only Medisave-approved integrated Medishield policy of the 5 offered in the market to offer Moratorium Underwriting alongside the more traditional Full Medical Underwriting option. Full Medical Underwriting requires the applicant to fully disclose material facts of his medial history and conditions. The insurer will then decide whether to exclude declared pre-existing conditions or even decline the application.
Moratorium Underwriting does not require any declaration of medical conditions. Instead, the plan is issued with a 5-year period known as the Moratorium:
Pre-existing conditions (as defined in the policy) are excluded unless the person has not in relation to a pre-existing condition:
- experienced symptoms;
- sought advice or tests from a Physician, a Specialist or Alternative Medicine Provider (including checkups for that Pre-Existing Condition);
- required treatment or medication; or
- received treatment or medication
If so, the pre-existing condition will be covered under the policy after the Moratorium period......
