What does Ready Complete care Manulife health protection plan come with?

Hi anon,

Ready Complete Care (with cove me again) is a multi-pay critical illness plan. You can choose two terms, one to cover you till age 75 and one that covers you till age 100. Waiver of premium riders can be added as well.

The multiple claims feature works after a 12 month waiting period. You are allowed to claim on 106 different conditions ranging from early to intermediate to late stage. You can claim on up to 18 special conditions as well,up to 6 times. For the claims on CI, you can claim up to 5 times, with additional payouts claimable upon major CI, or recurrent cancer (up to 2 times).

The idea of a multi pay critical illness plan is to ensure that you can still get covered after you contract a CI. This is because if you contract a CI, you will usually be uninsurable should you want to get more coverage. Hence, it can be considered if you are very concerned about any CI recurrence. However, as this is a term plan, premiums have to be paid every year unless you add waiver of premium riders.

Premiums wise, it is quite competitive, however do note that the moment, multi-pay plans all have different structures, so it won't be an apple to apple comparison. For example, another insurer has a multi pay policy that doesn't have waiting period for early CI claims, provided that the two claims are from different pots.

If you are looking for a multi pay plan, you should speak to an advisor to understand not just this plan, but alternatives as well, before you make a decision on which one to get.

So for the Ready CompleteCare, it covers 106 different conditions and illnesses for all stages and recurring cancer benefits. If you opt for the "Cover me again" option, you receive 100% sum insured for subsequent advanced stage major cancer conditions (touch wood, there is a relaps). Premium refunds included where in an event of death, your premiums paid will be returned in full (after deducting any claim payouts)

There is also complimentary benefits where they offer free coverage for your child (in the event of an advanced stage critical illness) and free health check every 2 years.

But if you have yet to decide on which health insurance you want to get, you can compare other health insurance plan's reviews, ratings and questions asked with the manulife one. Check out the other products listed on the right side for their specific review pages!