Female Illness Protection Plans
Female Illness protection is a common concern amongst women. After all, breast cancer is the most common form of cancer inflicting ladies today.
There are many insurance plans in the market that serve this niche market. Whether in the form of riders to life insurance plans (e.g. NTUC Lady Plus, Aviva Female Illness Cover, HSBC Lady FirstCare) or standalone term plans (e.g. MSIG Lady Medicare, UOI Lady CriticalCare, AIG Venus), most plans offer low amounts of sum assured protection to the insured. Typical amounts range between $30,000 – 50,000, and early cancer payouts are even lesser (in event of carcinoma-in-situ claim).
Hence, it would be good to zoom in on some noteworthy plans in the market which I share below for reference.
AIA Woman of Wisdom
|
GE PinkLife
|
Pru Smart Lady II
| |
Plan type
|
Standalone term
|
Standalone term
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Standalone term or rider to life plan
|
Max sum assured
|
100,000
|
100,000
|
50,000
|
Main Benefits summary
|
1. Female Illness
2. Reconstructive Surgery (due to Accident) 3. Critical Illness 4. Daily Hospital Care 5. Monthly Income Benefit 6. Biennial Medical Checkup |
1. Female Illness
2. Female Surgical Procedures 3. Reconstructive Surgery 4. Critical Illness 5. Biennial Medical Checkup |
1. Female Illness
2. Female Surgical Procedures 3. Reconstructive Surgery 4. Biennial Medical Checkup |
Payout on claim
|
Pay up to 100% sum assured on aggregate of benefits (excl renewal bonus)
|
Pay up to 100% of each benefit regardless of claim in other benefits
|
Pay up to 100% of each benefit regardless of claim in other benefits
|
Survival period (post Female Illness diagnosis)
|
Nil survival period
|
30 days
|
30 days
|
Waiting Period for Carcinoma-in-situ
|
180 days
|
180 days
|
90 days
|
Renewal Status
|
Auto (but insurer reserve right to terminate by 30days notice)
|
Guaranteed Renewal regardless of prior claim
|
Auto (but insurer reserve right to terminate by 30days notice)
|
Renewal Bonus
|
Renewal bonus of 5% increase in sum assured up to max 25%
|
No claim Bonus (cash rebate) every 2 yrs
|
Nil
|
Maternity Benefit
|
Yes (embedded in plan)
|
Optional rider
|
Optional rider*
|
*Note: PruSmart Lady II Maternity Risk Cover pay separately up to 100% sum assured for Pregnancy Complications and Congenital Illness of newborn as well as 50% for Hospital Care of newborn. It also has a wider scope of coverage for Congenital Abnormalities listed here.
- Down's Syndrome
- Spina Bifida
- Tetralogy of Fallot
- Transposition of the Great Vessels.
- Atrial Septal Defect
- Absence of two limbs
- Anal Atresia
- Infantile Hydrocephalus
- Cleft Palate / Cleft Lip
- Cerebral Palsy
- Ventricular Septal Defect
- Club Foot
- Congenital Dislocation of Hip
- Congenital Blindness
- Congenital Deafness
