Critical Illness (CI)
Early Critical Illness (ECI)
Term Life Insurance
Asked on 28 Jul 2020
Hi Anon, the older CI policies are a single claim options. Claim once, policy pays and usually ends and done.
A multi claim CI policy (which is what I assume you're referring to), provides the option to claim for multiple conditions across all stages of CI. And after 1 claim it doesn't end and covers you till the policy term expires.
They are also more expensive to compensate for the extra risk and chance to claim multiple times.