medical / critical illness insurance enquiry
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 Jul 29 2010, 02:13 AM
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#1
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Senior Member
1,021 posts Joined: May 2006   
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hi all insurance agent/bank sales consultant, just wanna ask,
1) when a person buys insurance, what kind of medical investigation will the insurance company/underwriter do ? 2) does buying endowment plan needs a person to declare his illness condition just like how he declare for medical card or CI ? |
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Aug 8 2010, 02:44 PM
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#2
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Senior Member
1,021 posts Joined: May 2006
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QUOTE(chew_ronnie @ Jul 29 2010, 10:47 AM) 1) when a person buys insurance, what kind of medical investigation will hi ronnie,the insurance company/underwriter do ? There are 2 conditions that the underwriter will get this person to do a medical checkup: 1. If the sum insured amount is very big i.e. more than 500k 2. If this person has hospitalised before, of with severe family sickness history, or this person has diabetes, high blood or even obese/underweight 2) does buying endowment plan needs a person to declare his illness condition just like how he declare for medical card or CI ? Same underwriting guidelines apply  referring to your reply no.1, how will the underwriter know about if a person has been hospitalised before ? will the underwriter go and investigate from the hospital record ? [ assuming the person forget to declare as it happens a few years ago and the person is currently ok ] also for no.2, endowment plan i thought dont have CI and any medical plans in it, how come there's still a need to do medical check-up ? |
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