Group CI and CI. What’s the difference?

Hi Anon,

Group CI is usually bought by employers for their employees and only cover the employees as long as they are still in employment. However such coverages are only bought for the upper management as executives are usually not included unless the company offers it to the staff and the staff might need to pay for it through their pay.

CI on the other hand is for an individual and everyone can buy this as long you either reached out to an insurer or a financial consultant. And this can either give you coverage for a fixed term or Whole of Life depending on what you bought.

One other main difference is that individual CI usually has higher coverage as compared to Group CI as the company usually tiers their coverages by positions in the company.

Do reach out if you have more queries

Group CI is group/company coverage on critical illness.
CI is your own personal critical illness.
What i can say that, if your are not in the group/company, you are not covered under critical illness. Some instances are retrenchmemt like current situation, you left the firm and have pre existing condition. Retirement. I feel alot of people are over-relying on group/company insurance.
Remember:
Always have a personal coverage like health, critical illness, life... Is important.
You can look for me for more holistic financial planning.