Should I get a early cancer term insurance plan with Citibank or AIA?

Question

Just received a call from Citibank about an early cancer term insurance plan with AIA. I have a chronic kidney disease and was denied life insurance with Great Eastern previously.
Plan is only for cancer. Does not require medical checkup, and will not need a submission of medical report. Only prerequisite is that you have not had cancer before.
1) $40/mth: Singapore only. Early stage payout =12k, Late stage payout =80k
2) $66/mth: Covers anywhere. Early stage payout =45k, Late stage payout =150k

Li Yu · Accepted Answer

Assuming the policies offer the same coverage for the same premium, always get from an insurance company. This is becos there will be someone servicing you if you get from insurance company, but not from the bank.

Of course there is likelihood that your insurance agent is irresponsible or he/she may leave the company, but at least you still get higher chance of being serviced after purchaing the plan.

William Ng · Answer

I would choose to get that from insurance company instead of getting from bank.

Should I get a early cancer term insurance plan with Citibank or AIA?

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