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Anonymous

16 Nov 2020

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Hi Seedly Community! I would like to find out if AXA term protector or Aviva MultiPay CI plan policy is better? Both are term plans up to 75 years old. Up to the layer 2 of Aviva Multipay, both also?

Pay out to $300K max for early CI and severe CI. The main difference for Aviva multipay seems to be that it’s for recurrent CI, but there’s a waiting period of 2 years. Please let me know if there’s any compelling reasons for either policy! Thank you!

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Candy Goh

16 Nov 2020

Since August, there has been a change of CI definitions industry-wide, and also an update to Aviva's Multipay payout structure. Adding on from Elijah's answer, if you are looking for Death/TPD/CI cover, you may want to consider Aviva My Protector Term Plan with Multipay Rider instead of a Multipay CI stand-alone as it's more cost-effective. The other equivalents are Singlife's Term Life + Multiclaim and Tokiomarine's Term Assure II with Multicare.

Note that you can choose to customize Term till age of your choice. The shorter the term, the cheaper the premiums.

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Jonathan Soh

26 Aug 2020

Wealth Manager at Aviva Financial Advisers

Hi there. As what the other advisers have mentioned, they are two different categories of products - one is term and one is more of a CI plan.

You can reach me here to find out more in detail. I cover Aviva, AXA and 7 other major insurers.

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Elijah Lee

22 Aug 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Both plans are vastly different.

AXA's term protector is a term plan and the purpose is t...

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