Quora Answer: As a Company Director & Type I Diabetic, is There Insurance You Can Get?

The following is my answer to a Quora question: “If you are a company director, and type I diabetic, is there any insurance you can get to cover you, if you get ill due to your condition?”

Getting a policy for your business is often general insurance.  It is mitigation against liability such as legal action, force majeure, or some sort of loss.  There is a wide variety of coverage for a wide variety of risks.  If you are diabetic, any form of health or life coverage, regardless of whether the policy is owned by you, or the company, would have diabetes as a preexisting condition, meaning that there is no coverage from any complications arising from this condition.  In Singapore, it is possible to get a group health policy, which covers all preexisting conditions after a year.  This would give you some coverage for diabetes.