A female at 25 has to pay a premium of $190 for a critical illness cover of $50,000 for 40 years. The premium rate works out to 0.38% of the sum assured.
I was told that the average claim rate for working people is around 0.25% to 0.3% The premium rate of 0.38% is quite fair, as it contains a modest margin to cover the expenses and profit margin.
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