Lonpac MediSecure Plus 2015

Product Details

What is MediSecure Plus 2015 Insurance?

This is a major medical insurance product providing “Top-Up” insurance for those whose hospitalisation and surgical insurance is insufficient to meet current healthcare costs. It is a Policy of last resort which will only make payment after all other medical insurance policies have been fully utilised. The product may also serve as a very affordable basic hospitalisation and surgical insurance Policy for those who are prepared to self-fund the amount of the deductible.

What is so special about MediSecure Plus?

COMPREHENSIVE COVERAGE

As Charged Benefits

Claims are paid as charged, subject to reasonable, customary and necessary charges but is subject to a Per Disability Limit and Deductible Per Disability.

Additional Benefit

Other benefits payable include Organ Transplant, Goods and Services Tax (if applicable), Medical Report Fee, Nursing at Home, Outpatient Cancer Treatment and Outpatient Kidney Dialysis.

CATERS FOR INFLATION

Automatic Increase in Limits

Room and Board Rates, Per Disability Limit, Overall Annual Limit and Deductible Per Disability increases automatically by 10% every three years.

  • Increase is automatic
  • Increase is not subject to re-underwriting
  • Increase is irrespective of claims experience, except for disability for which a claim has already been intimated

CERTAINTY OF COVERAGE

Guaranteed Renewability

Policy is renewable at the option of the Policyholder. During renewal, the terms and conditions of coverage shall not be amended.

No Unilateral Amendment

No amendment to this Policy shall be valid unless mutually agreed upon by the Company and the Policyholder.

No Lifetime Limit

Although there is no Lifetime Limit, claims are subject to the Per Disability Limit and Overall Annual Limit.

No Age Limit

The policy is valid until 30 June 2115 and is renewable annually at the option of the Policyholder. Last entry age is 70 years next birthday. Once accepted, you can continue to renew your policy with no age limit. Furthermore, the Company cannot refuse the renewal of the Policy and cannot impose new terms or exclusions.

No Portfolio Withdrawal Condition

The product cannot be withdrawn during the validity period which ends on 30 June 2115.

AFFORDABILITY AND FAIRNESS OF PREMIUM

Fixed Date for Premium Review

The renewal premium payable is not guaranteed and the Company shall revise the premium rate every three years at the same time of the increase in benefit limits. The respective revised premium shall be applicable at the time of renewal.

Portfolio Pricing of Premium

Premium changes, if any, shall be applicable to all policyholders irrespective of their claim experience and shall be in accordance with Company’s risk assessment.

Unisex Premium Rates

Premiums are age-banded but there is no distinction between male and female premium rates.

CONVENIENCE DURING CLAIMS

Hospital Admission Assistance

Our appointed service provider will provide assistance during hospital admission and arrange for payment to the approved panel of hospitals. Payment for hospitalisation and surgery subject to Deductibles or Per Disability Limit.

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