Hi. is there a max amount i can claim for TPD and CI if i have fee policies with different insurers?

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Elijah Lee

08 Jul 2022

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Yes, there are absolute limits.

Assuming that you have declared your policies accordingly with the insurers when you were buying them over the years, there will tend to be an overall limit, any amount beyond which will be subjected to case by case approval.

If you are a Singapore resident, the limit varies by insurer but an example is as follows:

Insurer A:

TPD: $6M

CI: $3M

Another insurer B may have limits of

TPD: $5M

CI: $2M

These limits can be per insurer, or can be aggregated across all insurers. It all depends on the insurer's stance.

If in doubt, please check the specifics.

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Hi, can I check regarding claiming CI insurance from 2 or more different companies. If i get a CI, would i be able to claim from both companies?

Are there any downsides of getting different insurance from different insurers? E.g. getting term from insurer A then CI from insurer B instead of getting CI as an add on to my term policy?

Hi. if i have eg ci/death $3m from insurer A and ci/death $3m from insurer B.if i make a claim, will it be rejected because of max insurance claim limits for all insuers? Or they must honor claim?

Was thinking to get an AXA death and TPD term insurance with an additional accelerated CI rider or should I get term with a standalone multi claim CI as accelerated CI rider doesn’t have multi claim?

What’s the difference if I get a term insurance plan like AXA Term Protector covering death TPD and CI 3 in one and getting AXA Term Protector death and TPD while getting a stand-alone CI?

Hi, can I check regarding claiming CI insurance from 2 or more different companies. If i get a CI, would i be able to claim from both companies?

Are there any downsides of getting different insurance from different insurers? E.g. getting term from insurer A then CI from insurer B instead of getting CI as an add on to my term policy?

Hi. if i have eg ci/death $3m from insurer A and ci/death $3m from insurer B.if i make a claim, will it be rejected because of max insurance claim limits for all insuers? Or they must honor claim?

What’s the difference if I get a term insurance plan like AXA Term Protector covering death TPD and CI 3 in one and getting AXA Term Protector death and TPD while getting a stand-alone CI?