Early Critical Illness (ECI)
Critical Illness (CI)
Whole Life Insurance
Asked by Anonymous
Asked on 25 Feb 2019
Will getting Aviva NSman plan for additional death,CI&ECI be complimentary to my plan? My current GE plan is about 6% of my annual income. I have PA and Hosp covered as well.
Top Contributor (Jun)
To answer your question, you need to look at the total coverage you require.
The rule of thumb is around 10 X your Annual Income in the event of Death and 5 X your Annual Income in the event of Illness.
Top up accordingly. However, I suggest to skip on the CI coverage provided by the Mindef Aviva Group Term plan as premiums change as you age and their ECI list of conditions covered is not comprehensive.