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Pang Zhe Liang
03 Mar 2020
Lead of Research & Solutions at Havend Pte Ltd
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Hariz Arthur Maloy
02 Mar 2020
Independent Financial Advisor at Promiseland Independent
Health or Life insurance?
Either way, the condition is a pre existing so it'll be difficult to get it included for claims unless specifically stated by plans that will include pre-ex after a period of time.
For life insurance, there may be both a premium loading and an exclusion.
I'd suggest to work with an Independent Financial Advisor and conduct preliminary underwriting with various insurers.
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Healthcare Insurance
Firstly, the most important type of insurance policy that you should have is healthcare insurance. For the most part, medical inflation hits 10% in 2019. As a result, a single medicla bill can wipe out your entire savings. Therefore, this should be your first priority.
Life Insurance
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