HI Critical Illness and Long-Term Care Insurance 2

Question 1

CareShield Life, launched in Singapore in September 2020, provides monthly payouts when the insured is unable to perform at least how many of the 6 Activities of Daily Living (ADLs)?

Accepted Answer

3

Answer

CareShield Life pays benefits when the insured cannot perform at least 3 of the 6 ADLs (washing, dressing, feeding, toileting, mobility, and transferring), indicating severe disability.

Question 2

Which six Activities of Daily Living (ADLs) are assessed for CareShield Life disability claims in Singapore?

Accepted Answer

Washing, dressing, feeding, toileting, mobility, and transferring

Answer

The six ADLs assessed for CareShield Life are washing, dressing, feeding, toileting, mobility, and transferring — standardised measures of functional self-care independence.

Question 3

ElderShield, the predecessor to CareShield Life in Singapore, provided a monthly disability benefit of up to how many months?

Accepted Answer

72 months

Answer

ElderShield paid a monthly benefit for a maximum of 72 months (6 years), unlike CareShield Life which pays for life as long as the insured remains severely disabled.

Question 4

Which body in Singapore is responsible for issuing standardised definitions for critical illness terms used by all life insurers?

Accepted Answer

Life Insurance Association (LIA) Singapore

Answer

The Life Insurance Association (LIA) Singapore issues standardised CI definitions to ensure consistency and clarity across all life insurers, protecting consumers from ambiguous policy wording.

Question 5

A 45-year-old policyholder in Singapore has a standard critical illness policy (without an early-stage rider) and is diagnosed with early-stage (Stage I) breast cancer. When would she receive a CI payout?

Accepted Answer

Only when the cancer progresses to a more advanced or invasive severe stage

Answer

Standard CI policies cover major/severe-stage cancer, so an early-stage cancer diagnosis typically does not trigger a payout without a separate early-stage CI rider.

HI Health Insurance Practice Test

HI Health Insurance Practice Test

HI Critical Illness and Long-Term Care Insurance 2