Crisis Waiver III

Concentrate on Recovery Without Worrying About Premiums

Early Stage Crisis Waiver and Crisis Waiver III

Critical illness can strike anyone at anytime. When that happens, your utmost concern will be to focus on your recovery without worrying about your premium payments and continue to stay protected.

Early Stage Crisis Waiver1 is designed to waive your premiums of the covered benefits upon the diagnosis of Early Stage or Intermediate Stage Medical Conditions for up to 10 years2.

With Crisis Waiver III, you do not need to worry about making premium payments for the covered benefits on your policy if you are diagnosed with Critical Illness.

Benefits

Benefits of Early Stage Crisis Waiver

  • Upon the diagnosis of an Early Stage Medical Condition, future premiums will be waived3 for 5 years4.
  • You may claim the benefits for Early Stage Medical Conditions twice during the term of the policy. The second claim5 will waive the premium for another 5 years4. This is provided the second claim is not for the same Medical Condition as the first claim, and it does not fall within the same category of the first Early Stage Medical Condition.
  • You can claim for 10 years4 waiver of premiums upon the diagnosis of Intermediate Stage Medical Conditions. However, if there was a successful claim under Early Stage Medical Conditions, the Intermediate Stage Medical Conditions Benefit5 only waives 5 years4 of future premiums.

Benefits of Crisis Waiver III

  • Your remaining premium payments6 for the covered benefits are waived upon diagnosis of any one of the 35 Critical Illnesses as listed in the table.

 

Covered medical conditions:

Supplementary
Benefit
Crisis Waiver III Early Stage Crisis Waiver
  Critical Illnessess
(Full premium term waiver)
Early Stage Medical Conditions
(Waiver of premium
for 5 years4)
Intermediate Stage Medical Conditions
(Waiver of premium for 10 years4)
1
Alzheimer’s Disease / Severe Dementia Moderately severe Alzheimer’s Disease or Dementia  -
2
Apallic Syndrome - -
3
Aplastic Anaemia Reversible Aplastic Anaemia -
4
Bacterial Meningitis Bacterial Meningitis with full recovery -
5
Benign Brain Tumour Surgical removal of pituitary tumour or Surgery for subdural haematoma -
6
Blindness
(Loss of Sight)
Loss of sight in one eye Optic Nerve Atrophy with low vision
7
Coma Coma for 48 hours Severe Epilepsy or Coma for 72 hours
8
Coronary Artery By-pass Surgery Keyhole coronary bypass surgery or Coronary Artery Arthrectomy or Transmyocardial Laser Revascularisation or Enhanced External Counterpulsation Device Insertion -
9
Deafness
(Loss of Hearing)
Partial loss of hearing or Cavernous sinus thrombosis surgery Cochlear implant surgery
10
End Stage Liver Failure Liver surgery Liver Cirrhosis
11
End Stage Lung Disease Severe Asthma or Insertion of a Veno-cava filter Surgical removal of one lung
12
Fulminant Hepatitis Hepatitis with Cirrhosis -
13
Heart Attack of Specified Severity Cardiac pacemaker insertion or Pericardectomy Cardiac defibrillator insertion or Early Cardiomyopathy
14
Heart Valve Surgery Percutaneous Valve Surgery -
15
HIV Due to Blood Transfusion and Occupationally Acquired HIV HIV due to Assault, Organ Transplant or Occupationally Acquired HIV -
16
Kidney Failure Surgical removal of one kidney or Chronic Kidney Disease -
17
Loss of Independent Existence - -
18 Loss of Speech Loss of Speech due to neurological disease or neurological injury -
19
Major Burns Moderately severe burns -
20
Major Cancers
  • Carcinoma in situ of specified organs
  • Early Prostate Cancer
  • Early Thyroid Cancer
  • Early Bladder Cancer
  • Early Chronic Lymphocytic Leukaemia
  • Early Melanoma
  • Gastro-intestinal Stromal Tumour (GIST)
Carcinoma in situ of specified organs treated with Radical Surgery
21
Major Head Trauma Facial reconstructive surgery or Spinal cord injury -
22
Major Organ / Bone Marrow Transplantation Small bowel transplant; or Corneal transplant -
23
Motor Neurone Disease Early Motor Neurone Disease -
24
Multiple Sclerosis Early Multiple Sclerosis -
25
Muscular Dystrophy Moderately severe Muscular Dystrophy -
26 Other Serious Coronary Artery Disease - -
27 Paralysis (Loss of Use of Limbs) - -
28
Parkinson’s Disease Moderately severe Parkinson’s Disease -
29 Poliomyelitis - -
30
Primary Pulmonary Hypertension Early Pulmonary Hypertension Secondary Pulmonary Hypertension
31
Progressive Scleroderma Early Progressive Scleroderma Progressive Scleroderma with CREST syndrome
32
Stroke Brain aneurysm surgery or Cerebral shunt insertion Carotid artery surgery
33
Surgery to the Aorta Minimally invasive surgery to Aorta or Large asymptomatic aortic aneurysm -
34 Systemic Lupus Erythematosus with Lupus Nephritis - -
35 Viral Encephalitis Viral Encephalitis with full recovery -

Note: Please refer to the respective policy document for the definition of the listed Medical Conditions. For certain Medical Conditions, there is a waiting period of 90 days from the date of issue or reinstatement, whichever is later.

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Footnotes:
1
Early Stage Crisis Waiver can only be attached if Crisis Waiver III is attached to the same policy.
2 The maximum premium waiver period under the Early Stage Crisis Waiver Benefit is 10 years, after which the benefit terminates and premium payment for the covered benefits will resume.
3
After the end of the Early Stage Premium Waiver Period, premium payment for the covered benefits will resume, but the premiums for the Early Stage Crisis Waiver will continue to be waived.
4
Under Early Stage Crisis Waiver Benefit, the waiver duration is subject to the remaining premium term of the covered benefits and up to age 85.
5
If the second claim occurs during the Premium Waiver Period of the first claim, the Premium Waiver Period of the second claim will start when the Premium Waiver Period of the first claim ends.
6
Crisis Waiver III waives the future premiums of the covered benefits up to age 85.

Note:

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. Premiums for some of the supplementary benefits are not guaranteed and may be adjusted based on future claims experience. You are recommended to seek advice from a qualified Prudential Financial Consultant for a financial analysis before purchasing a policy suitable to meet your needs.

The information on this website is for reference only and is not a contract of insurance. Please refer to the exact terms and conditions, specific details and exclusions applicable to these insurance products in the policy documents that can be obtained from your Prudential Financial Consultant.

The information contained on this website is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.

Information is correct as at 27 May 2016.