Introduction to Critical Illness Insurance

1
Introduction to Critical Illness Insurance

• Critical illness insurance provides financial
  protection by paying a lump sum benefit if the
  insured is diagnosed with a serious illness such
  as stroke, cancer, or heart attack.
• Purpose It helps cover medical expenses, loss of
  income, and other financial burdens during
  recovery.
• Statistics
• In the Philippines, stroke, cancer, and heart
  attacks are leading causes of death.
• Example According to the Philippine Statis
• heart disease remains the top cause of death,
  followed by cancer and cerebrovascular diseases.

2
Why Critical Illness Insurance is Essential

• Financial Impact
• High medical costs for treatment and recovery.
• Potential loss of income due to inability to
  work.
• Benefits
• Financial support for medical bills and living
  expenses.
• Peace of mind for the insured and their families.

3
Cancer Insurance
Coverage Details Cancer insurance Covers
diagnosis, treatment (chemotherapy, radiation,
surgery), and post-treatment recovery. Additional
support for travel and accommodation if
treatment is far from home. Benefits Financial
support to cover high treatment costs. Allows
access to advanced medical treatments and
care. Statistics Example Cancer is the second
leading cause of death in the Philippines, with
breast and lung cancer being the most common.
4
Stroke Insurance

• Coverage Details
• Stroke insurance covers medical expenses
  including hospitalization, surgery, and
  rehabilitation.
• Long-term care and home care services if needed.
• Benefits
• Reduces financial strain during recovery.
• Provides access to better medical care and
  rehabilitation services.
• Statistics
• Example Stroke is one of the top causes of death
  in the Philippines, with thousands of cases
  reported annually.

5
Heart Attack Insurance
Heart insurance covers emergency care, surgery
(e.g., bypass, angioplasty), medication, and
rehabilitation. Coverage for lifestyle changes
and follow-up care. Benefits Ensures timely and
adequate treatment without financial
worries. Supports long-term health and
recovery. Statistics Example Heart disease
remains the leading cause of death in the
Philippines, with a significant number of heart
attacks reported annually.
6
Choosing the Right Insurance Plan

• Factors to Consider
• Coverage Ensure it covers major critical
  illnesses and related expenses.
• Premiums Compare costs to find a plan that fits
  your budget.
• Exclusions Understand what is not covered by the
  policy.
• Comparison Tips
• Compare different plans side-by-side.
• Look for customer reviews and ratings.
• Policy Details
• Read the policy thoroughly to understand terms
  and conditions.
• Seek professional advice if needed.

7
Market Insights The Philippines

• Market Overview
• Growing awareness and demand for critical illness
  insurance.
• Key players in the Philippine insurance market.
• Consumer Behavior
• Increasing preference for comprehensive coverage
  plans.
• Awareness campaigns driving higher adoption
  rates.
• Challenges and Opportunities
• Challenges Low penetration rates, affordability
  issues.
• Opportunities Educating the public, expanding
  product offerings.

8
Author

• Hello, I'm Analyn, a dedicated health insurance
  agent based in the Philippines. My primary focus
  is on raising awareness about the importance of
  Critical Illness Insurance, particularly for
  cancer, stroke, and heart diseases. I firmly
  believe that health is our greatest asset, and
  protecting it should be a top priority.
• Why Critical Illness Insurance Matters
• Critical illnesses such as cancer, stroke, and
  heart disease can strike unexpectedly and have a
  profound impact on your physical, emotional, and
  financial well-being. The high cost of treatment
  and extended recovery periods can deplete your
  savings and affect your quality of life. Critical
  Illness Insurance provides financial protection
  by offering a lump-sum payment upon diagnosis,
  allowing you to focus on recovery without the
  stress of financial burdens.
• This presentation script provides a comprehensive
  overview of critical illness insurance,
  emphasizing its importance, benefits, and the
  role of Oona Insurance in providing financial
  protection. Add visuals, charts, and graphics to
  make the presentation more engaging and
  informative.
• https//about.me/analynsmith