AIA, Income to review pre-existing condition clause

Feb 8, 2007

AIA, Income to review pre-existing condition clause

This is part of efforts to make key medical clause clearer to policyholders

By Lorna Tan, Finance Correspondent

ONGOING REVIEWS: Insurers AIA and Income say they are relooking the clause on pre-existing medical conditions, as part of ongoing reviews of contract terms.

TWO leading insurers are reviewing a vital clause in their Shield hospitalisation plans in a bid to make them clearer to policyholders.

AIA and NTUC Income said they are taking a fresh look at the clause dealing with pre-existing medical conditions.

This type of clause - put in all medical policies - spells out the circumstances in which an insurer may refuse to make a payout on the grounds that an insured person is deemed to have had a medical problem before the insurance cover became effective.

A way round this pre-existing condition is to get a medical policy at the earliest stage and keep it. This would ensure your state of health will be good at the point of inception.

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