Arthritis is a common condition that affects the joints causing pain, stiffness and reduced mobility, it is a condition of extreme importance in healthcare. There are several different types of arthritis, the two most frequent conditions are osteoarthritis and rheumatoid arthritis.
Osteoarthritis- impact on your insurance policies:
There are numerous questions that you may come across when it comes to Osteoarthritis Life Insurance.
- When were you first diagnosed?
- Are you awaiting any surgery? And have you had any surgery in the past?
- How often do you experience symptoms?
- What medication are you on?
- Does your condition have any impact on your ability to carry out daily activities?
Osteoarthritis Life Insurance applications can be accepted at normal terms with some insurers provided that the condition is mild and no surgery is due. If the condition greatly impacts multiple joints and you take strong medication the insurer may offer policy terms at non-standard rates; this will involve an increase to the policy premium. In case you are awaiting surgery for the condition insurers may postpone your application until the surgery takes place and you have recovered.
When it comes to Critical Illness Cover, osteoarthritis will be processed by the insurer based upon the severity of the condition, medications that are being used to manage the illness and whether you are awaiting surgery. Osteoarthritis Critical Illness Cover policies can be offered at ordinary rates provided that the condition is mild, no strong medication is taken and no surgery is scheduled. In case of more severe and stronger medications are in use your policy terms will likely be loaded. This may involve either a premium loading or exclusion on the policy for claims related to your osteoarthritis. Please note that if you opt for your Critical Illness Cover to include TPD (Total Permanent Disability) then this part of the cover may come with an exclusion for your condition.
We would recommend you to talk to one of our advisers for life insurance quotes.
Any quote that your adviser provides you with will take into account your circumstances, your medical history, as well as your budget!
Call 011-3733-4610 – Monday to Thursday from 11.00 to 19.00 and on Friday between 11.00 and 16.00