Can I upgrade to a higher coverage Integrated Shield Plan (IP) in future, if I buy the Standard IP now?
When policyholders apply to upgrade to a higher coverage Integrated Shield Plan, they will need to go through another round of underwriting for the new additional coverage that they are purchasing. The insurers are allowed to assess, approve with or without exclusions and/or risk-loading, or reject applications based on their own risk assessment frameworks, as these are essentially business risk decisions.
Related questions
If I switch from a higher coverage Integrated Shield Plan (IP) to the Standard IP with the same insurer, will I need to go through additional underwriting and will my previous exclusions remain?
I want to get the Standard Integrated Shield Plan (IP) but my insurer’s premiums are higher than other insurers. Should I switch to a Standard IP under another insurer?
Can I get a pro-rated refund of the premiums for my original Integrated Shield Plan (IP) if I downgrade or switch from a higher coverage plan to the Standard IP before my premium renewal date?
If I downgrade to an Integrated Shield Plan (IP) with lower coverage or switch insurers, will I need to go through health assessment / underwriting again?
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