Anonymous

13 Aug 2020

∙

Hi there, in light of LIA making the changes to the CI definition on 26 Aug 2020, is there a cut off date before that to sign and settle all the contracts?

Or is it safe to say that I can just get back to my insurance agent with the relevant documents before 26 Aug and I will still be under the old definition for CI?

4

Discussion (4)

What are your thoughts?

Learn how to style your text

Hariz Arthur Maloy

13 Aug 2020

Independent Financial Advisor at Promiseland Independent

Hi Anon, these are just some of the cut off dates for the insurers I work with. Some have already moved to the new framework. So just take note.

Reply

Save

View 1 replies

Samuel Don Oh

13 Aug 2020

Hey there!

Do note that some insurer have a cut off date to accept applications for the old definitions before 26th August. For example, AIA's last submission date for CI applications under old definitions will be on the 20th August.

Financial planning is an integral part of life. You can reach me here to find out more.

Reply

Save

View 1 replies

Write your thoughts

Related Posts

Is the change to the critical illness definition after 26 August 2020 good or bad?

I am a 27 years old male here looking for a critical illness insurance before its definition changes after 26th Aug 2020. Can you give some good plans to consider?

I have been looking at whole life insurances and I understand that there is a change in the definitions of CI starting from end of Aug. Should I rush to buy now or do more comparisons?

Anyone know for the changes in critical illness policy is before 27 Aug? What about for AXA insurance CI is it the same date?

Hi, I am 22 y/o this year. I don't have any CI insurance so I would like to get one before the definition starts changing, any recommendations on which plan with a budget of $100 - $150 per month?

Related Posts

Is the change to the critical illness definition after 26 August 2020 good or bad?

I am a 27 years old male here looking for a critical illness insurance before its definition changes after 26th Aug 2020. Can you give some good plans to consider?

I have been looking at whole life insurances and I understand that there is a change in the definitions of CI starting from end of Aug. Should I rush to buy now or do more comparisons?

Anyone know for the changes in critical illness policy is before 27 Aug? What about for AXA insurance CI is it the same date?

Hi, I am 22 y/o this year. I don't have any CI insurance so I would like to get one before the definition starts changing, any recommendations on which plan with a budget of $100 - $150 per month?