Asked on 10 Aug 2019
I am looking to purchase an early stage CI. However, I just found out that there are quite a few with different features e.g. number of illness, how early the stage is, multiple claims for same illness and/or different illness, etc.
In addition, I am not really able to determine whether I need one early stage CI although I "feel" that it would be good to have before I retire.
Hence, it would be great if you are able to share your opinion. Thanks.
Top Contributor (Nov)
You can decide to speak to an Independent Financial Advisor like myself who can show you a comparison between 6+ insurers.
Other than that, you can also refer to this article: https://www.businesstimes.com.sg/opinion/navigating-critical-illness-plans
However, Tokio Marine and Singlife's plans are not highlighted in the article.
On the need of ECI coverage, I strongly feel that it is important because it covers all stages of Illness and if you're dilligent and go for regular checkups, if anything does come up, at least you find it early and I give you the money required to stop working and focus on getting the treatment you deserve to recover before it gets worse.
I understand the confusion you have on early CI coverage and multiple CI coverage. There are many who buy a multiple CI coverage and a qualified adviser can help you on understanding it.
I've some analysis on the best CI plans in the market, hope it helps