Investigation of the critical illness gap in Singapore.
Critical illness has been a pressing issue around the world for a long time. The number of people contracting critical illnesses has been increasing rapidly and medical costs incurred by critical illnesses can be substantial. However, many are oblivious to the actual costs when it comes to financing...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2009
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/18928 |
| _version_ | 1826115504305078272 |
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| author | Seng, Wilson Yi Liang. Taruna Ishuwar Dass. Ng, Vanessa Siew Ying. |
| author2 | Yee Wah Chin |
| author_facet | Yee Wah Chin Seng, Wilson Yi Liang. Taruna Ishuwar Dass. Ng, Vanessa Siew Ying. |
| author_sort | Seng, Wilson Yi Liang. |
| collection | NTU |
| description | Critical illness has been a pressing issue around the world for a long time. The number of people contracting critical illnesses has been increasing rapidly and medical costs incurred by critical illnesses can be substantial. However, many are oblivious to the actual costs when it comes to financing critical illness. Critical illness insurance (CII) has been available in Singapore since 1988 (Chong 2002). In general, such a policy covers a list of 37 illnesses by 12 life and 9 general insurers in Singapore (Life Insurance Association 2003). CII policy is an extremely useful policy which can help relieve one’s financial difficulties. However, little research has been done on the actual degree of underinsurance gap in critical illness coverage in Singapore. Thus, this study portrays the actual amount of gap in critical illness coverage in Singapore. The gap is quantified in numerical terms via calculations of possible underinsurance gaps in three critical illness cases: (1) heart disease, (2) stroke, and (3) lung cancer. |
| first_indexed | 2024-10-01T03:56:33Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/18928 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T03:56:33Z |
| publishDate | 2009 |
| record_format | dspace |
| spelling | ntu-10356/189282023-05-19T07:23:09Z Investigation of the critical illness gap in Singapore. Seng, Wilson Yi Liang. Taruna Ishuwar Dass. Ng, Vanessa Siew Ying. Yee Wah Chin Nanyang Business School DRNTU::Business::Finance::Actuarial science Critical illness has been a pressing issue around the world for a long time. The number of people contracting critical illnesses has been increasing rapidly and medical costs incurred by critical illnesses can be substantial. However, many are oblivious to the actual costs when it comes to financing critical illness. Critical illness insurance (CII) has been available in Singapore since 1988 (Chong 2002). In general, such a policy covers a list of 37 illnesses by 12 life and 9 general insurers in Singapore (Life Insurance Association 2003). CII policy is an extremely useful policy which can help relieve one’s financial difficulties. However, little research has been done on the actual degree of underinsurance gap in critical illness coverage in Singapore. Thus, this study portrays the actual amount of gap in critical illness coverage in Singapore. The gap is quantified in numerical terms via calculations of possible underinsurance gaps in three critical illness cases: (1) heart disease, (2) stroke, and (3) lung cancer. BUSINESS 2009-08-18T04:41:02Z 2009-08-18T04:41:02Z 2009 2009 Final Year Project (FYP) http://hdl.handle.net/10356/18928 en Nanyang Technological University 88 p. application/pdf |
| spellingShingle | DRNTU::Business::Finance::Actuarial science Seng, Wilson Yi Liang. Taruna Ishuwar Dass. Ng, Vanessa Siew Ying. Investigation of the critical illness gap in Singapore. |
| title | Investigation of the critical illness gap in Singapore. |
| title_full | Investigation of the critical illness gap in Singapore. |
| title_fullStr | Investigation of the critical illness gap in Singapore. |
| title_full_unstemmed | Investigation of the critical illness gap in Singapore. |
| title_short | Investigation of the critical illness gap in Singapore. |
| title_sort | investigation of the critical illness gap in singapore |
| topic | DRNTU::Business::Finance::Actuarial science |
| url | http://hdl.handle.net/10356/18928 |
| work_keys_str_mv | AT sengwilsonyiliang investigationofthecriticalillnessgapinsingapore AT tarunaishuwardass investigationofthecriticalillnessgapinsingapore AT ngvanessasiewying investigationofthecriticalillnessgapinsingapore |