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