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Start young to enjoy lifelong protection with Voluntary Health Insurance Scheme

Paid Post:Voluntary Health Insurance Scheme Office
Reading Time:3 minutes
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Start young to enjoy lifelong protection with Voluntary Health Insurance Scheme

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Many young people are healthy and perceive that they have a slim chance of getting serious illness. They tend to ignore the need for hospital insurance with this mindset.

Nonetheless, life is full of uncertainties. Without hospital insurance, you will miss an extra protection in case of having the need for hospital admission or surgery. Worse still, when you apply for insurance coverage afterward, it is more likely that the insurance companies will reject your application, impose premium loading or exclude particular illness from coverage because of your pre-existing health conditions. Conversely, if you smartly plan ahead and buy the Voluntary Health Insurance Scheme (VHIS) Certified Plan in advance, your insurance coverage will be guaranteed up to the age of 100 years, meaning that your protection will continue without re-underwriting even if your health condition changes or you make claims after buying the plan.

Disclosure of health conditions

When you apply for health insurance coverage (including VHIS Certified Plan), the insurance company concerned will normally conduct underwriting by assessing the health conditions of the insured person, for which the applicants are obliged to disclose honestly on the application form.  It is important to note that the insurance companies do not guarantee acceptance of application.  Based on the underwriting results, the insurance company will decide whether to accept an application or not, or to accept subject to special conditions such as premium loading / case-based exclusions or not.  If an applicant engages in material non-disclosure, misrepresentation or fraud, the insurance company may have the right to void the insurance policies and the applicant will lose the protection as a result.

Diversity of VHIS Certified Plans

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