Critical Illness Cover

Dear Mr Tan,

I would like to ask, why did you say $50,000 is enough for critical illness policy?
Let say if i am really hit by one of the illness which is insured by the policy, will $50,000 be really suffice for medical fee and hospitalisation?

REPLY

I expect most people to have a Medishield plan that will cover most of the cost of medical care.

I advice people to avoid over-insuring and pay too much premium on high cost insurance products. They should have more savings for their retirement.

Read this FAQ:
http://www.tankinlian.com/faq/choice.html

If you have adequate savings, you can use part of your savings to meet the unexpected medical expenses (instead of relying on high cost insurance).