INSURER Great Eastern has introduced a critical-illness term plan that protects three generations in a family within a single policy - the first such plan in Singapore.
It also includes complimentary coverage for all current and future children of the life assured up till the age of 18, with each child covered for up to S$100,000 against 53 critical illnesses and 25 juvenile conditions such as severe asthma and epilepsy. Many of their parents, who are part of the Merdeka and Pioneer generations, may find it difficult to get critical illness insurance coverage due to pre-existing conditions, such as high blood pressure, diabetes or high cholesterol, said Colin Chan, managing director of group marketing at Great Eastern.
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