I am looking for a WLP with ECI coverage and received quotes from Aviva and AIA on a sum assured of 75k with 2x multiplier at 2.1k (25 years premium) and 2.4k (20 years premium). How should I choose?

There are now insurance companies that is able to extend the multiplier all the way to age 85, you can get a quote from them and see if you think the premium is worth it.

Hi anon,

To really compare, you will need to get a Aviva quote comprising of 75K with 2x multiplier, and with the multiplier running till age 65. Also, set the premium term to be 20 years so that it is equal to AIA. And of course, make sure the coverage is full ECI for both plans.

Once this is done, some key points to consider

• Total premiums

• Payout structure (Aviva pays the RB and TB on top of the multiplier)

• Covered conditions for Early and Intermediate (and late, although you are really more concerned about the Early and Intermediate CIs if I'm reading you correctly)

If you have decided on the insurer based on the above, then consider if the multiplier is also of a sufficient duration for you. If you picked Aviva, they can have the multiplier till age 70, 75 and 80. AIA has another option at age 75.

Claims wise, as Aaron has mentioned, procedures will be the same. Proof of the condition is required and relevant questionaires filled. If it is a valid claim, you'll get your payout, no questions asked.

If it may help you, I did some Aviva Personal Accident claims recently for my client and it was quite plainless. No AIA claims done recently yet though, so I have no data point to share, but I expect that it should be similar as well.​​​