Critical Illness

PRUVital Cover: Comprehensive Protection Even with Existing Conditions

Have you ever been turned down for insurance coverage due to a pre-existing medical condition? Or perhaps you've found it challenging to secure adequate protection because of your health history? If so, you're not alone. Many Singaporeans face this dilemma, especially as they age or develop common health issues. But what if there was a solution that could provide you with the coverage you need, regardless of certain existing medical conditions ?

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Introducing PRUVital Cover: A Game-Changer in Insurance

PRUVital Cover is a groundbreaking regular premium term plan that's changing the insurance landscape in Singapore. It's the first of its kind to offer coverage even to individuals with specific existing medical conditions. Let's dive deep into what makes this plan unique and how it could be the solution you've been searching for.

What Makes PRUVital Cover Special?

Coverage Despite Existing Conditions

PRUVital Cover provides protection even if you have one or more of these common health issues: Type 2 diabetes, High cholesterol, High blood pressure, High Body Mass Index (BMI). This is a game-changer for many Singaporeans who have found it difficult to secure adequate insurance coverage due to these conditions.

Simplified Underwriting

One of the most daunting aspects of getting insurance can be the medical examinations. PRUVital Cover eliminates this stress with simplified underwriting. No medical examinations are required , making the application process smoother and less intimidating.

Substantial Death and Terminal Illness Coverage

You can choose to be covered for up to S$500,000 for Death or Terminal Illness . This significant coverage can provide peace of mind, knowing that your loved ones will be financially protected in the event of your passing or if you're diagnosed with a terminal illness.

Level Premium for Death and Terminal Illness Coverage

Financial planning becomes easier with PRUVital Cover's level premium feature. Your premium for Death and Terminal Illness coverage is guaranteed to remain the same throughout the policy term. This consistency allows for better long-term financial planning.

Optional Critical Illness Coverage

PRUVital Cover offers the flexibility to add coverage for five critical illnesses: Blindness, Heart attack, Stroke, Cancer, and Kidney failure. Alternatively, you can opt for a premium waiver upon diagnosis of any of these five critical illnesses.

Optional Total Permanent Disability Coverage

You can also choose to add coverage for Total Permanent Disability up to age 70. This additional protection can be crucial if you find yourself unable to work due to a disability.

Understanding the Benefits in Real-Life Scenarios

The Diabetic Entrepreneur

Meet John, a 45-year-old entrepreneur with Type 2 diabetes. Previously, John struggled to find comprehensive life insurance due to his condition. With PRUVital Cover, John can now secure up to S$500,000 in death and terminal illness coverage , ensuring his family and business are protected.

The High Blood Pressure Retiree

Linda, a 60-year-old retiree, has been managing high blood pressure for years. She was worried about the financial impact on her children if something were to happen to her. PRUVital Cover allows Linda to get the coverage she needs , giving her peace of mind in her golden years.

The Overweight IT Professional

Tom, a 35-year-old IT professional, has a high BMI and has been declined for traditional life insurance policies. With PRUVital Cover, Tom can now get the protection he needs , including the option for critical illness coverage.

How PRUVital Cover Compares to Traditional Insurance Plans

Traditional Insurance Plans

  • Often require extensive medical underwriting

  • May exclude coverage for pre-existing conditions

  • Can be expensive or unavailable for those with health issues

PRUVital Cover

  • Simplified underwriting with no medical examinations

  • Covers even with specific existing conditions

  • Offers level premiums for easier budgeting

  • Provides flexible options for additional coverage

Frequently Asked Questions

Can I get PRUVital Cover if I have multiple conditions listed?

Yes, PRUVital Cover can still provide coverage even if you have more than one of the listed conditions.

Is the premium for critical illness coverage also level?

The brochure doesn't specify, so it's best to check with a Prudential Financial Consultant for the most accurate information.

Can I increase my coverage later?

The policy details don't mention this option. Consult with a Prudential Financial Consultant for possibilities to adjust your coverage.

What if I develop a condition not listed after getting the policy?

Once you're covered, the policy remains in force regardless of future health changes, subject to terms and conditions.

Is there an age limit for applying?

The brochure doesn't specify age limits. A Prudential Financial Consultant can provide this information.

Why Compare PRUVital Cover with other Critical Illness Options through Whatins?

Traditional Approach

  • Limited visibility into critical illness definitions
  • Single insurer's critical illness criteria
  • May miss important coverage distinctions

Whatins Advantage

  • Compare critical illness definitions across insurers
  • Understand early, intermediate, and late stage differences
  • See how different critical illness plans complement each other
  • Compare exclusions and waiting periods

Important Considerations

While PRUVital Cover offers unique benefits, it's essential to consider:

  • This is a term plan with no savings or investment component
  • There's no cash value if the policy ends or is terminated early
  • Some supplementary benefit premiums may not be guaranteed

Making Your Decision

PRUVital Cover represents a significant step forward in making insurance accessible to those who might otherwise struggle to get coverage. Its unique features – coverage for existing conditions, simplified underwriting, and flexible options – make it an attractive choice for many Singaporeans.

However, as with any financial decision, it's crucial to consider your personal circumstances carefully. While PRUVital Cover offers many benefits, it's important to ensure it aligns with your overall financial plan and protection needs.

Get Expert Advice

Ready to explore whether PRUVital Cover is right for you? Don't rely on just one perspective. Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on how PRUVital Cover could fit into your insurance portfolio. These professionals will review your specific health conditions, financial situation, and protection needs to provide personalized recommendations.

By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're making the best decision for your health and financial future. Don't leave your protection to chance – get the expert advice you deserve today.

Click here to get 5 expert opinions on PRUVital Cover and your insurance needs

Conclusion

PRUVital Cover offers a unique solution for those who have found it challenging to secure adequate insurance coverage due to common health conditions. By providing protection even with existing conditions, simplified underwriting, and flexible coverage options, it opens doors that may have previously been closed. However, as with any financial product, it's crucial to carefully consider your personal needs and consult with financial professionals before making a decision. With the right guidance, PRUVital Cover could be the key to securing the protection you and your loved ones deserve.

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