[Extracted from Life Insurance Association of Singapore’s website]
Some health insurance products guarantee that your cover will stay in force as long as you pay the premiums on time. However, the insurance company may change the benefits, premium rates or other terms and conditions (if specified so in the contract) when the policy is due for renewal.
Other products give insurance companies the right to cancel your cover by giving written notice before your policy is due for renewal. You should make sure you are clear on the specific terms and conditions of the product before buying it.
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