facebookWhat are some of the multi pay critical illness products out there and which one is more competitive? - Seedly

Shulingg Chen

Scientist at LonzA Biologics

24 Dec 2019

Insurance

What are some of the multi pay critical illness products out there and which one is more competitive?

What are the best critical illness policies out there that I should be looking at? What are some considerations that I should be looking at when looking at these policies?

Discussion (7)

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I think Aviva and Manulife have decent plans

Cedric Jamie Soh

20 Dec 2019

Director at Seniorcare.com.sg

For multipay, the one i bought was multipay by avivia (sorry i forgot the name)

For Critical illness on its own - I love the one by MINDEF-Aviva. It is probably the cheapest Critical illness insurance out there due to it being a group insurance

Its group for NSmen and people who have done NS.

If you are a woman, you can qualify if you are married to a Singaporean who has done NS.

https://www.aviva.com.sg/en/mindef-and-mha/mind...

If you are a single woman, unfortunately, the 2nd alternative is check with your company if they have group insurance and see if you can top up money for your increase in CI.

However it is not portable, you have to give it up when you change job.

In that case, you probably should get a decent CI from FWD, OCBC, Aviva, NTUC etc​​​

Tan Li Xing

19 Dec 2019

Financial Consultant at Prudential Assurance Company (Singapore)

Hi Shulingg,

I believe everyone here has really answered most of the crucial queries. I think other just looking at just the policies and what they can do for you, you might want to meet up with a number of agents and hear what they are able to provide to you.

The main worry sometimes is really not just about whether you can claim, but it's also whether the agent who is servicing you will be able to help you, as during the claim process, the thing that comes to your mind other than whether it's claimable, it's also who do I look for to help me in this. Just something to also consider above just looking at the products as it is.

AIA and tokyo marine is good. I personally use tokyo marine as the premium is lower compares to AIA and the coverage are about the same. Make sure to look for those that covers every stages of CI.

Did a lot of research on this as I was intending to purchase one. From what I understanding from mee...

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