Hi all, I'm a fresh graduate looking to get Aviva Multipay CI Cover III for a 100k coverage. Is it recommended to get an additional Aviva CI Advance Cover Plus II with 100k coverage?

I'm thinking about getting the additional CI policy due to the clause in the ECI multipay policy, which states that 300% of the sum assured minus claims made from Layer 1 (where Layer 1 is early/intermediate CI). I worry that in the case that I claim from Layer 1, I would not have suffiecient payout for Severe stage CI. Is this additional CI policy necessary? Thanks!

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Jonathan Soh

21 Jul 2020

Wealth Manager at Aviva Financial Advisers

Hi there. In my opinion there is no need to get additional. Multipay on its own is good enough. You just need to make sure the coverage for Multipay is enough for you now and in the next few years at least. People will continue to buy plans as they go along in life, one policy is usually not the be all and end all, because your life's needs will continue to evolve.

I have to say though, for a fresh graduate it is very forward thinking and commendable of you to look into critical illness coverage on your own now. I find it is something that many youngsters can't be bothered about.

If you wish to find out more about Multipay do reach me here. There is a promo ongoing for this plan at the moment.

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Ryan Loh Junjie

20 Jul 2020

Financial Planner at Manulife Singapore

Hi Anon,

I just wanted to reply and let you know that 100k Coverage is vague, because I have no idea what is your income, or whether it's sufficient for your own portfolio.

I suggest that you review with your financial planner to calculate and see if $100,000 meets your own needs should you really have to claim on CI.

Rule of thumb that I personally use is 5X your Annual Income for Intermediate to Late stage CI, and 2.5X your Annual Income for Early Stage CI.