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What are the major differences in the coverage these two sources offer?

last updated 24th November 2009

• Life Insurance Medical Coverage
• All medical coverage must be attached to a life insurance policy in the form of a rider.
• Occupational class determines the premium for most of the riders.
• The hospital inpatient rider provides limited basic hospital coverage, similar to that provided by most basic hospital inpatient plans.
• The Daily hospital Income rider pays a fixed daily amount for every day in the hospital. It is unrelated to any hospital expenses.
• The Dread Disease rider pays additional money for being diagnosed with a “dreaded disease”, such as cancer, etc.
• The Accidental Death and Dismemberment rider pays additional money for accidental death or loss of an arm, leg, finger, etc.
• There are also riders that cover riots, civil commotion and murder.
• Outpatient coverage for illness is not available.
• There is no Major Medical coverage for excess medical costs.
• Health coverage stops when life policy is paid up.
• Foreigners must have a valid Work Permit.
• Premiums can be paid annually, semi-annually, quarterly and monthly.

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• General (non-life insurance) Medical Coverage
• Sold as stand alone health insurance coverage only.
• Basic inpatient (IP) coverage is somewhat similar to life insurance IP coverage with Accidental Death and Dismemberment.
• Premium inpatient (IP) coverage includes Major Medical protection that kicks-in and pays 80% (BUPA) or 90% (THI/AXA) of the excess medical costs once the basic maximums have been exceeded.
• All plans include Accidental Death and Dismemberment coverage.
• All plans offer Optional outpatient (OP) coverage for illness.
• Daily Hospital Income coverage is available as a separate plan (AXA).
• Dread diseases are covered, but there is no additional benefit (THI/BUPA).
• A separate plan for additional Cancer coverage is available (AXA).
• Work Permits are NOT required.
• Premiums must be paid annually.

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