Life Insurance

These are the typical questions you will encounter when applying for life insurance and revealing type 1 or type 2 diabetes as a pre-existing medical condition.

  1. Have you ever had Electrocardiogram (ECG)?
  2. Have you had kidney problems or protein in the urine?
  3. Have you ever had any chest pain that required hospital treatment?
  4. Have you ever had any eye problems as a result of your condition?
  5. How many hypoglycemic attacks have you had in the past 5 years?
  6. Are you awaiting any hospital referrals? (including diabetes tests, scans or investigations)
  7. Has your diabetes ever caused muscle weakness, leg pain or numbness and tinging in your hands or feet?
  8. Has your diabetes caused any of the following: angina, heart attack, stroke, TIA, blocked or narrowed arteries?

The underwriting process for life insurance with type 1 diabetes will be determined by various factors. These factors are determined by evaluating the risk levels and severity of the condition. It is crucial for insurers that your diabetes is well managed. If you can show us, we should be able to find appropriate and cost-effective coverage.

The underwriting process for type 2 diabetes life insurance differs slightly from that of type 1 diabetes. Life insurance underwriting factors in various considerations due to type 2 diabetes being a lifestyle condition. The following are included:

  1. Height
  2. Weight
  3. BMI
  4. Dress and waist size

Life insurance premiums are dependent on your health and lifestyle, so they may vary. We provide expert support to help you find the optimal coverage for your needs.

Critical Illness

Critical illness cover for diabetes is now more accessible than it used to be. Nevertheless, access to it is frequently limited to a small number of individuals due to strict underwriting. Typically, there should not be any added complications such as neuropathy, retinopathy, or nephropathy.

In the event of being diagnosed with a critical illness outlined in your policy, you will receive a tax-free lump sum payout from the critical illness cover. Different policies may have varying coverage conditions and payout amounts for claims, so it is essential to select one that meets your needs.

Income Protection

Obtaining income protection for diabetes can be challenging due to the rigorous underwriting process. Income protection options are limited for individuals with type 1 diabetes at the moment. This only applies if your diabetes is effectively managed and your Hba1c levels consistently meet the acceptable range.

There are various providers that offer income protection for individuals with type 2 diabetes. Since type 2 diabetes can lead to various health problems, there is a higher chance of a claim being filed on an income protection policy. Hence, the criteria is quite strict.