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Anonymous
Great Eastern, AVIVA or NTUC Income?
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Elijah Lee
19 Nov 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
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Hi anon,
If you have decided that you do want to upgrade your Careshield coverage with a supplement, then this depends on what type of coverage you are looking for (2 ADL/3 ADL). I'll highlight the key points.
All 3 insurers have 2 payment terms (one till your 60s, another till your 80s/lifetime).
However, NTUC only has a 2 ADL coverage plan, and the payout amount includes Careshield Life's (CSL) payout, whereas GE and Aviva have both 2 ADL and 3 ADL plans.
Seedly has done a comparison on 2 ADL plans here and without me repeating what they have listed, their opinion is that Aviva's plan is the best for 2 ADL: https://blog.seedly.sg/careshield-life-suppleme...
For 3 ADL coverage, based on premiums payable and additional features (e.g., dependent benefit, etc) most of my clients select Aviva.
So I hope that gives you an idea.