Is Your Critical Illness Coverage Enough for You? This Is What Happens if You Are Under-Insured
By Planner Bee  •  May 25, 2022
Life is unpredictable and you never know when an illness might strike. A debilitating illness threatens both your physical health and financial health. However, proper financial planning can help you feel more in control of your life so you can concentrate on getting well without worrying about hefty hospital bills should you fall ill. How do you know if your critical illness coverage is enough for you? What happens if you are under-insured? Read on to find out more. What is critical illness? Critical illness (CI) insurance is a type of policy that pays you a lump sum of money if you are diagnosed with a critical illness covered by the policy. As suggested by its name, critical illness refers to a debilitating or serious illness that affects your quality of life. According to the Life Insurance Association (LIA) of Singapore’s framework, 37 critical illnesses are covered under CI policies....
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By Planner Bee
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