What is the Generali SmartCancer Cash all about?
Generali SmartCancer Cash is critical illness insurance that provides you with financial stability, assurance and maybe a bit of hope in the face of cancer.
More specifically, gender-specific cancers that affect both men and women.
This critical illness insurance offers lump sum cash payouts to help ease your financial burdens, where cancer is involved along with a 30% payout if you are in the early stages of cancer.
How does the coverage of this Generali insurance work?
There are four (4) critical illness insurance plans to choose from this Generali insurance, each with varying premiums and range of protection.
They range from a coverage of RM50,000 to RM125,000. However, all health insurance plans follow the same principles, depending on the specific types of cancer you have.
If you are diagnosed with a generic type of cancer, then Generali will issue you 100% of your Sum Assured in a lump sum payment, upon diagnosis.
However, if you are diagnosed with one of the following gender-specific type cancers;
- Breast Cancer
- Fallopian Tubes Cancer
- Ovarian Cancer
- Cervical Cancer
- Uterus Cancer
- Vagina/Vulva Cancer
- Testicular Cancer
- Penile Cancer
- Prostate Cancer
Then you will receive a 200% payout of your Sum Assured based on the plan you choose.
Similarly, you will also get a lump sum cash payout from Generali if you have detected your cancer in the early stages.
Both Generic and Gender-Specific type cancer will have an equal payout of 30% of your sum assured.
Any restriction?
Well, you might want to take note that some of the payout options or benefits come with a restriction.
For example, if you were to receive a 30% payout for early-stage cancer, that later spreads, then the payable amount for Generic or Gender Specific Cancers drops to 70%.
How much are the premiums for my critical illness insurance?
Premiums for this Generali critical illness insurance are charged monthly. However, they are not completely fixed and are subject to change within reason of the Insurer.
On that note, they can range from RM130 to as high as RM3,000 depending on the plan you choose.
Can I cancel my Generali SmartCancer Cash and get a refund?
Unfortunately, this depends entirely on when you decide to cancel your Generali SmartCancer Cash.
There is a 15-day cooling period from the time you either purchase the plan or renew the plan, in which you can choose to cancel your critical illness insurance.
If you choose to do so, then you are guaranteed at least a 90% refund of your premiums paid. After that, the percentage drops every month.
So choose carefully when deciding to cancel your Generali insurance policy.
The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM's TIPS Brochure or contact Generali Life Insurance Malaysia Berhad or PIDM (visit www.pidm.gov.my).
