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17 Jul 2021

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How can we tell if insurance claim is denied? What is the purpose of buying policies to cover for critical illness, if insurers reject the claims when you do have a critical illness?

Straits Times Forum article cites a case of insurance policies where insurer denies claims for (breast cancer) because of other conditions (vertigo / asthma) not disclosed?

Well to be fair, the article cites the person bought policy in Oct 2020 and diagnosed with breast cancer Feb 2021 (less than 6 mths).

But how often is it that we get rejected for claims for the thing the policy is meant to cover? If there is a high rate of rejection, are we just better off not buying the policy at all?

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Sean Toh

19 Jul 2021

Thats why we always advocate to buy insurance early, there is a waiting period for critical illness insurance.

Always be honest about your medical history, to prevent any dispute. Being dishonest would only put yourself at a disadvantage.

The LIA has publicly described the different kind of illness that can be claimed, the rest is up to the doctor’s report.

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