Living benefits vs death benefit
Waiver of premium can stop bills after a defined disability and waiting period while cover continues—it is not disability income. Disability income pays monthly substitute wages; own-occupation vs any-occupation definitions drive outcomes. CI may accelerate the death benefit (reducing later payout) or pay standalone cash—ask the illness list, waiting period and whether sum assured is shared. Accident/AD&D, LTC sketches and guaranteed insurability (buy more later without new health proof on triggers) are common rider themes.
Medical building blocks and VHIS
Medical cover is usually reimbursement building blocks: geography, network, deductible, day surgery, imaging co-insurance. VHIS certified plans split Standard vs Flexi, with published age-banded premiums and consumer features (e.g. renewability framing, staged unknown pre-existing cover). Not every “medical” plan is VHIS; tax relief has eligibility rules—verify current law. Fair-treatment themes (e.g. GL31) remind you that sales talk must match terms.
Study tips
- Table: waiver vs disability income vs CI cash
- Ask: Standard or Flexi VHIS—and the certified number?