| There had been various causes of critical illness in | | | | of nearly 203,994 policies could have been made. On |
| East Asia. As in other countries, probably the most | | | | the other hand, for rider policies, about 185 claims out |
| common cause for critical illness in East Asia can be | | | | of 292,806 policies could have been made by men. |
| considered as cancer. A critical illness such as cancer | | | | Concerning women, about 238 critical illness claims out |
| may have brought around 77 percent of claims | | | | of 304,644 policies could have been made. Roughly, |
| concerning men as in other Asian markets. | | | | the claim rate for riders may be around 0.708 and for |
| Furthermore, heart attack and renal failure may have | | | | main policies the critical illness claims rate may be |
| brought a handful of casualties with only around 7 | | | | around 0.915. The low claims rates for riders as |
| percent of claims each. | | | | compared to that of main policies may even be |
| Moreover, 5 percent of men had claimed for other | | | | shown by age groups. |
| critical illness conditions while 4 percent had claimed | | | | Furthermore, according to Liu SY, 2000, for a |
| for stroke. On the other hand, 89 percent of women | | | | company to be able to compete effectively in the |
| had claimed for a critical illness such as cancer. If we | | | | critical illness insurance market may depend on the |
| compare the result to that of men, the effect is | | | | number of diseases it covers. In Hong Kong, |
| seen to be more aggressive concerning women. Also, | | | | Singapore and Malaysia most policies may cover up |
| around 7 percent of women had claimed for renal | | | | to 36 critical illness conditions. Also, more than 50 |
| failure followed by 1 percent for other critical illness | | | | different illnesses may have been offered as benefit |
| conditions, 2 percent for stroke and finally 1 percent | | | | triggers. However, the authorities in Taiwan have only |
| for a critical illness such as heart attack. | | | | accepted seven critical illness conditions. Many |
| According to Munich Re, 2000, the accelerated plans | | | | companies may cover seven major diseases. These |
| may have been lesser exposed to critical illness risks | | | | can be considered as: cancer, stroke, heart attack, |
| than the standalone critical illness policies. Therefore, a | | | | kidney failure, coronary artery bypass surgery, |
| study about the critical illness claims rates concerning | | | | paralysis and major organ transplant. The other |
| rider policies may have been less informative than the | | | | remaining critical illnesses may be offered by most |
| main policies. The reason may be because main | | | | companies. |
| policies could be higher in number. It had however | | | | Many companies add additional benefits besides their |
| been noted that critical illness claims for riders may | | | | original critical illness plans. These benefits may not be |
| have been lower than that of main policies. Let's | | | | found in the policy. For example, apart from covering |
| have a look. | | | | frequent critical illnesses like encephalitis and |
| For men insured under the main critical illness policy, | | | | meningitis, many policies may also add terminal illness |
| around 736 claims out of nearly 935,563 policies could | | | | as benefit trigger. By doing this, a better marketing |
| have been made. As for women with the same type | | | | for a more valuable critical illness related product can |
| of policy, approximately 949 critical illness claims out | | | | be done. |