Given that MultiPay CI is more expensive, is there any benefit in taking up MultiPay CI as compared to getting an Early CI + Late CI Coverage? - Seedly
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Insurance

Critical Illness (CI)

Early Critical Illness (ECI)

Anonymous

Asked on 03 Jul 2020

Given that MultiPay CI is more expensive, is there any benefit in taking up MultiPay CI as compared to getting an Early CI + Late CI Coverage?

Please advise!

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It would depend on the policy term also. So a Term to 65 for both options are quite close, but once you extend the Multi Pay Term to after 75, it gets a lot more expensive than single claim types.

There is definitely benefit in Multi Pay, but I would apportion a small amount to it, and have most of my claims still be a bigger single claim option.

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Priority should be given to a larger single claim. Multipay claim will be a supplement to that.

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