If you have an existing critical illness policies, it will NOT be impacted by the new definitions.

Read till the end to see my analysis on differences and if you should buy your CI policy now from your adviser!

What are the key changes from the Previous 37 Critical Illness Conditions

Source: LIA summary of changes

Analysis of the key changes by understanding the TOP 5 CI claims

Do you know that 90 per cent of all severe stage claims received by life insurers are for five critical illnesses:

major cancer heart attack of specified severity stroke with permanent neurological deficit coronary artery bypass surgery end-stage kidney failure.

This part is to examine how the new definitions reduce ambiguity.

1) Major Cancer:

It is now specified that: “Major Cancer diagnosed on the basis of finding tumour