As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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Tuesday, 15 December 2009

Critical illness insurance pays you for living

Let me join in the debate ...

Understand what are Critical illness insurance plans?

Critical illness insurance plans are benefit plans (No reimbursement on medical expenses) that pay the amount equal to sum assured, if the critical illness strikes, irrespective of expenses incurred on treatment.

In typical critical illness insurance plans, a lump sum allowance is paid irrespective of the actual medical expenses. Most critical illness plans cover cancer, heart attack, diabetes, multiple sclerosis, kidney failure, and stroke.

While planning a purchase of critical illness insurance cover, you should try to estimate what your loss of income will be and how much money you may need to compensate for the earning power that the illness deprives you of.

Having covered by CI is only one part of the story, the second part of story, where do you find money for your treatment as CI doesn't reimburse on medical expenses incurred?
I think we must first be covered by Medical Insurance and H&S, and then either by CI or other alternatives to cover part of lost incomes.


  1. I came across this link on mortgage insurance, hope can provide more insights.

    mortgage insurance


    i think the above is worth to know.


    i think it is worthy news.


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