Hi all, I want to know what's the "meaning" of Conventional Critical illnesses plan, due to:

1) can only covered or payout compensation for "very critical stage" of illnesses such as cancer at stage 3.

2) for early stage illnesses (like cancer stage 1/2) the insurance holder still need to pay the premium until like forever?

3) as I know, 3rd stage of cancer is very gg already... what's the meaning of such coverage that can only be activated at very critical conditions?? Insurance holder still need to fork out money to pay the premium even though the buyer had already sick but without any insurance compensation at all???

Pros side:

1) surrender value ada in the future.
2) both of premium and surrender value is increasing according to longer time the holder still pay the insurance. But of course, the value cannot exceed simple investment products because CI is offering protection.

Contrast side:
1) surrender value? For what? The premium holder gonna surrender it during he/she is very old which means grater possibility of "get sick/die"???

2) CI offering protection?? With 0 compensation at early stage of illnesses=protection?? It sounds like PI that "only bayar" when insurance holder died or "dying aka nearly died"...

Lastly I just want to seek for opinion what's the meaning/point to keep such conventional CI plan? Everyone telling me this CI plan is best because insurance company do not selling such/similar plan anymore.

But I dislike the "3rd stage cancer" part so much... what's the meaning if insurance holder sick but "not too sick yet" and he/she still gonna pay the insurance premium until like forever?

This sounds kinda absurd in my shallow opinion, please enlightens me. Thanks and good night.

Thanks jiansheng, for your informative feedbacks.

- Yes it is the older plan that you mentioned.
- The insurance gonna pay until 85 years old.
- This plan isn't cover early stage at all, which means I've to pay it unless I'm diagnosed with stated "very critical illnesses"..
- I do not set my priority in such long term CI plan, because of it's unreasonable for an aging person to surrender it during he/she is very old (6x-7x years old), so the surrender value is a double edge sword which is useless imho.
- Early stage illnesses compensation is one of the "most useful" protection in CI plan, no?

About the survival period, my CI comes with "death benifits".
The survival period is 30 days, is it too long? (Many plans are 14 days)

Good luck with your meeting with clientele, flight well

This post has been edited by heavensea: Mar 7 2017, 04:44 AM

Thanks jiuhwei ans roysteve, I parking here and reply later. Having dinner and cont work, quite a busy day.

Hi, anyone from ING company?

My mum told me that she just renewed her medical card policy, but she didn't receive the "actual card" like she used to. What's going on? Is it "normal" or okay? So how she gonna show to hospital for prove that she is covered under ING medical insurance? (touch wood)

please advise on this situation, thanks guys.

thanks sir.
will do, and advise my family to check with their agent.

Thanks guys, I haven't ask the insurance agent yet. Will do, and update here after she gave me some answer.