Author
Bowtie Team
Updated on
2025-07-09
Disclaimer: This article is translated with the assistance of AI.
Many Chief Medical Officers at insurance companies are former doctors with deep insights into healthcare systems and disease treatment. Curious about how they pick critical illness insurance? We sat down with Bowtie’s Chief Medical Officer, Jacky Lio, to get his expert tips and advice.
Why Do Doctors Need Critical Illness Insurance Despite High Salaries?
Life is unpredictable, and critical illnesses often strike without warning. The cost of treatment can soar into the millions, while also leaving you unable to work. Even though doctors earn above-average salaries, a few million dollars is no small sum, and they may not have enough liquidity to cope . That’s where Critical Illness Insurance comes in handy. It provides a lump-sum payout upon diagnosis of specified critical illnesses, helping to replace lost income during recovery.
Why Is Cancer Treatment So Expensive?
Treating cancer often involves new drugs or therapies, which come with extremely high research costs . This is especially true for treatments targeting specific types of cancer, like a particular form of lung cancer. With a smaller potential customer base, pricing remains steep.
What Else to Look For Beyond Cancer, Heart Disease, and Stroke?
I also pay attention to whether Critical Illness Insurance covers conditions that could lead to long-term financial burdens, such as:
- Conditions requiring ongoing care like Alzheimer’s Disease or Coma
- Conditions needing regular peritoneal or hemodialysis, such as Kidney Failure
- Conditions causing inability to work, like Blindness or Deafness
Additionally, I’ve noticed many products in the market offer Multiple Cover (meaning more than one payout) for cancer, heart disease, and stroke, which is a great benefit for consumers. Those previously diagnosed with these illnesses do face a higher risk of recurrence compared to the general population.
Critical Illnesses Are Affecting Younger People: How to Prevent Them?
Readers should check if they have any of the following high-risk factors:
- Excessive waist fat ( Central Obesity )
- Low levels of High-Density Lipoprotein Cholesterol (Good Cholesterol)
- High levels of Triglycerides
- High Blood Pressure
- High Blood Sugar
Having these risk factors doesn’t mean immediate danger, but it does increase the likelihood of cardiovascular diseases, kidney issues, and more .
Moreover, some critical illnesses like cancer and cardiovascular diseases can be linked to family history , so readers should stay vigilant.
Not All Calories Are the Same!
Even with the same calories , different foods impact health differently , like 100 calories of broccoli versus 100 calories of fried fries. Want a healthier body? Check out these dietary tips:
- Diversify your food choices, avoid picky eating, and base meals on grains.
- Eat plenty of vegetables and fruits.
- Consume moderate amounts of dairy, meat, fish, eggs, and alternatives (like dried beans).
- Cut back on high-fat, high-salt, high-sugar, or pickled and processed foods.
- Drink enough fluids daily (including water, plain tea, and clear broth).
- Maintain regular and balanced meal times and portions.
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