Anyone able to compare whole day+ECI rider plans between manulife and aia? In terms of coverage and additional perks. Also open to comparison with other companies?

Hey there!

Both plans operate similarly in that they provide whole life coverage, offer limited premium methods and have a cash value that's withdrawals by a Certain age (usually retirement age). The multipliers are also similar whereby you can opt for up to a 5x multiplier for both plans during your essential working years.

Similarly, GPP offers the option to buy additional insurance (OPAI) without medical underwriting during critical periods that may require more coverage eg. Wedding, newborn arrival etc whereas Lifeready allows you to increase your sum assured without medical undewriting as well.

Lifeready offers a retrenchment benefit by offsetting your premiums for six months but you may have to look into the T&Cs.

Do speak to a licensed financial consultant to explore your options. It will be good for you to generate a quotation from both sides to see which is within your Budget.

Financial planning is an integral part of life. Feel free to reach me here to find out more.

Hi there,

If you are looking across the insurers, most of the coverage is essentially quite balanced in terms of the offerings. The key metric which i personally prescribe to when determining which policy to buy is:

Overall Coverage : Premiums Paid

If your focus is on just covering for yourself for Death, Disability, Terminal Illness or Early-Late stage critical illnesses, then all of the companies can fufill this need. You will need to dive deeper into the offerings, such as the actual CI illnesses covered which based on your two comparisons have a huge difference.

Both of the plans mentioned above also give you 1st or 2nd year policy discounts, but after which, you will be paying a higher price moving forward. The way the policies are designed also affect the way you pay your premiums moving forward.

TLDR, its not going to be easy deciphering each of the companies offerings, however I do this for most of my clients, and in the end of the day based on the information i have given them, they can fully understand and make a informed decision. Some of the companies have already changed over to the new CI definition, so if this is your priority, do contact me immediately so that I can schedule a consultation for you.

Hope i was able to shed some insight!