Insurance Association
Insurance Association
Get Instant Health Insurance Quotes!
The Progress of Critical Illness Insurance in East Asia
Critical illness cover appeared in East Asia during the year 1988. Since then, it may have been a success for the market. Besides, countries such as Malaysia, Hong Kong, Singapore and Taiwan all form part of the East Asian insurance industry. Companies in nearly all these countries may have been marketing critical illness cover successfully. Let’s have a look at the development of critical illness cover in East Asia.
According to Pakshong CS and Nieder D, Nov1997, probably all insurance companies may have already launched their first critical illness policy during the mid 1990’s. Critical illness cover may not have been offered only by life insurers but by health insurers also. Health insurers offered critical illness cover with the aim to provide additional benefits on top of their original policies. Moreover, around 40 percent of work carried out in connection with critical illness insurance from 1994-1995 may have stemmed out from policies in force for a year. As a result, critical illness cover started to become successful. In the year 1996, more than one million critical illness policies could already be counted in East Asia.
Critical illness claims rates may have also been recorded for both men and women. Let’s have a glance.
Around 42 critical illness claims were made by men aged 20-24 followed by 82 aged 25-29, 95 aged 30-34, 146 aged 35-39 and 215 aged 40-44. Further analysis carried out showed around 160 critical illness claims had been made by men aged 45-49, 99 aged 50-54, 44 aged 50-59 and finally 8 aged 60-64.
As for women, the critical illness claim rates varied as compared to that of men. About 48 claims had been made by women age 20-24 followed by 82 aged 25-29, 162 aged 30-34, 219 aged 35-39 and 214 aged 40-44. additional research showed that around 274 critical illness claims had been made by women aged 40-44, 220 aged 45-49, 100 aged 50-54, 55 aged 55-59 and finally 12 aged 60-64.
If the results are analysed carefully it could be noted that critical illness claims among women may be much higher in contrast to that of men. For example, 73 more critical illness claims for women could be noted if the age group 35-39 is compared for both men and women. Furthermore, The Life Insurance Association of the Republic of China conducted the “Dread Disease Experience Study 1996”. This research aimed most at studying the Taiwanese experience of critical illness cover. Results may have been positive. Around 2.4 million critical illness policies may have been sold in a year with more than 2,108 critical illness claims successfully paid. The total sum insured may have been around TWD 1.24 billion.
The East Asian insurance market had been more prolific than markets like Canada and USA. Though introduced during 1995, the progress of critical illness insurance in the East Asian market had been remarkable. The 4 countries that constitute the East Asian market may have also led to the success of critical illness cover collectively.
About the Author
For more information about Critical Illness Insurance and Mortgage Payment Protection please visit www.unbeatablelifeandcriticalinsurance.co.uk.
insurance requirements for a town lake association?
Hello Does anyone have experience in obtaining liability insurance and D &O insurance for a town lake association? We are being kicked off the town policy because we are member only, and I would appreciate any tips on obtaining insurance. There must be comanies that write this business at a reasonable cost. Thanks
Well, I think the issue could be your idea of a “reasonable cost”.
But this is a very common coverage, and just about any local, independent agent should be able to get you several quotes. Be sure to order ‘loss runs’ from your prior carrier, so you have proof of your losses (or lack thereof) for at least the past three years. That will significantly speed up the quoting process.
|
|
United Solutions Snap and Lock Plastic File Tote, Black $13.99 Whether you need to organize files for easy access or you want to store the old ones, this durable file box from United Solutions will handle both tasks. Can accommodate hanging files, letter and legal size documents. The streamlined design of the patented Snap and Lock lid, keeps your valuable documents safe and secure. Multiple file boxes stack nicely and slide effortlessly. Black file box with … |
|
|
I LOVE INSURANCE 1.25 MAGNET Heart Progressive Flo $0.79 These magnets are manufactured from the highest quality materials… made of a hard metal base, thick mylar, strong magnet and true to life vibrant colors. Put them on your refrigerator, locker, file cabinet or any metal object you can think of! Magnets are great party favors for your next gathering and also make great prizes/giveaways. They are wonderful gifts for everyone!… |
|
|
I HEART FLO Coffee Mug $15.95 Get your big tricked out mug!… |
|
|
Trouble $6.93 Some singer/songwriters (think Paul Westerberg and Elliott Smith) develop their world-weariness through the unforgiving trials of passing years and the heart-breaking grind of the music business. Others (Van Morrison, Neil Young) seem to have sprung from out of nowhere with the fully formed soul of a life well-lived. Ray LaMontagne belongs with the latter. On this, his debut, LaMontagne has crafte… |
|
|
Free Willy (Snap Case) $2.99 Some of us will never understand why this boy-and-his-whale tale became the hit family film of 1993 and one of the bestselling videos of all time. But it is easy to see how clever marketing and a tear-jerking story could touch the hearts of kids and parents the world over, especially because the endangered Orca whale named Willy is such a majestic creature. The story couldn’t be more conventional-… |
|
|
Mahogany Soul $7.02 Mahogany Soul perfectly describes the rich, deep, and lived-in music Angie Stone makes. This veteran singer/songwriter, who was one-third of rap trio Sequence, led acid-jazz combo Vertical Hold, and had a major hand in creating D’Angelo’s Brown Sugar, follows up 1999’s critically acclaimed Black Diamond with another collection of grown-up R&B that’s sexy, satisfying, and smart. Along with (wo)mann… |
|
|
Short Time [VHS] $14.98 … |
|
|
The Incredibles [UMD for PSP] $14.99 Animation studio Pixar (creators of Finding Nemo and Toy Story) reigns supreme: The Incredibles is another stunning example of their inspired storytelling and technical prowess. In a world where superheroes have been outlawed, the former Mr. Incredible (voiced by Craig T. Nelson) and Elastigirl (Holly Hunter) struggle to raise a family (with a teenager daughter who turns invisible and a super-spee… |
|
|
Alias Jesse James [VHS] $14.95 “Fresh, imaginative and hilarious and featuring deliriously entertaining cameos from western stars Fess parker, James Garner, Gene Autry, Roy Rogers and more.”… |
|
|
Kryptonite New York Fahgettaboutit Mini Bicycle U-Lock (3.25 x 6-Inch) $109.00 The New York Fahgettaboudit offers extreme bicycle protection with a hardened MAX-Performance steel shackle that resists bolt cutters and leverage attacks.Center keyway defends against leverage attacksProtective vinyl coatingSliding dustcover protects and extends cylinder life3 keys – one lighted with high intensity bulb & replaceable batteryAnti Theft Proctection Offer $450018mm hardened Max-perf… |
