30th January 2008
Insomniacs rub your eyes, sit up and take notice. It may not be money worries, or family issues, or career prospects that make it difficult for you to sleep in your own bed. It could be far simpler than this, and perhaps more easily rectified. Buy a new b...
23rd January 2008
Critical illness cover first made its appearance in South Africa during the year 1984. At that time critical illness cover was a merely raw product. The insurance market had yet to propagate the product and people did not know about it. As time passed by,...
23rd January 2008
The South African market had not taken much time to adopt critical illness cover. The success of critical illness cover in the South African market may have been one worth considering. Should it not have been this way, critical illness cover might not hav...
23rd January 2008
The root of critical illness insurance lies in South Africa. Critical illness cover became a must as the health care system at that time in South Africa could not cope with the costs for critical illnesses. The idea stemmed from a discussion between a su...
23rd January 2008
Critical illness cover appeared in East Asia during the year 1988. Since then, it may have been a success for the market. Besides, countries such as Malaysia, Hong Kong, Singapore and Taiwan all form part of the East Asian insurance industry. Companies in...
23rd January 2008
Likewise to other countries such as UK, South Africa, etc various causes of critical illness exist in East Asia. In East Asia also, probably most of the critical illness claims come from cancer. Cancer may have made around 77 percent of critical illness c...
23rd January 2008
Likewise to the USA and the UK, the process of integration of critical illness cover in the Canadian market had been slow. But the Canadian life industry expects to see critical illness insurance be as successful as in the UK during the coming years. Letâ...
23rd January 2008
The creditor critical illness cover appeared in the Canadian insurance market during the year 1997. This type of critical illness cover may have then been combined to mortgage protection insurance. Canadian dollar 12 million may have been recorded during ...
23rd January 2008
The adoption of critical illness cover had been relatively slow in the USA. In contrast, critical illness insurance may probably hold a much higher importance for the UK insurance market. The effort to boost critical illness cover sales by the DSF had led...
05th November 2007
In part 2 of this article we looked at the critical illness definition recommended by Munich Re. We will now see the critical illness definition accepted by Munich Re.A definition accepted by Munich Re may be as follows:The death of a portion of the heart...
05th November 2007
Another alternative to account for the fact that more and more critical illness conditions may be included in the critical illness policy is to add TPD (Total and Permanent Disability) as benefit triggers. Loss of Independent Existence (LIE) could also be...
05th November 2007
For some time, there may have been some analysis regarding claims on critical illness products. Figures may not be as accurate so that a sound study could be made about the rate at which people made critical illness claims. However, results were managed t...
05th November 2007
The survival period can be very important in a critical illness policy. So let’s have a look at the survival period in detail. To obtain payment from additional critical illness cover, it may be wise to make an agreement about a survival period. The sur...
05th November 2007
With critical illness cover there had been evolution concerning the medical endorsement. Experience with life and disability insurance may only be of minimum use. Because when assessing the different risks, the single cause of death and disability may ste...
05th November 2007
The experience in markets where critical illness covers had been sold may not have been pleasant. Results may have showed rough policy definitions, non disclosure by critical illness policyholders and moderate claims handling by insurers. This might have ...
