What are some other insurance coverage for my 63yo mum, apart from hospitalisation and saving plans?

I would like to tackle your question head-on and say that providing income in the event she is diagnosed with cancer as important as providing coverage for treatment as your Mum is 63 and might be retiring in two years time, her savings and financial planning previously done should cover for this.

And the income coverage is only for 12 months.

Thing is with these plans is a lot of things has to happen for it to “benefit” the life assured.

I’ve seen some said getting term plan for your Mum, intuitively it seems wrong to take up term plans at 63.

Instead, take up MerdekaCare from income as it is renewable for life and now got promo to get massager (next year birthday gift settled!)

Elderly are prone to accidents too.

In the point of providing sustainable management of old age you have to plan around the risks involved, critical illness; longevity (yes, living too long is a risk); spouse passing on; etc.

Do speak to an independent financial advisor such as myself to see through plans across multiple insurers (My company not backed by any of them, so I do not need to specifically favour them).

Another form of management of cost is also coming up with proper LPA/AMD/Will, which effectively pens down your mum’s intention. For this, I can assist as well, this I’m not affiliated with the usual companies that charge a few hundred so that the advisors get rebates from there, no point in doing so.

I would focus on getting the ElderShield upgrade for your mum first, if she haven’t gotten it.

As for insurance coverage, my advice is focus on getting a good annuity plan for her instead. Focus on the constant stream of income vs a payout from insurance.