facebookHi 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? - Seedly

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Anonymous

16 Nov 2020

Insurance

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!

Discussion (4)

What are your thoughts?

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.

Jonathan Soh

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.

Elijah Lee

Elijah Lee

22 Aug 2020

Independent Financial Advisor 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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