What is Critical Illness Insurance?
Critical illness insurance is a type of insurance policy that provides you with coverage against a list of critical illnesses. Under the Life Insurance Association, there is an official definition of 37 common critical illnesses that are included in most critical illness plans.
However, different insurance providers may offer varying levels of coverage with regard to the severity and type of critical illness.
Most Singaporeans are entitled to hospitalisation plans such as Medishield Life or a private integrated shield plan. While this can help to cover some of the medical bills, there are still other expenses that may be incurred in the wake of a serious illness.
In some cases, you may need to stop work, hire a domestic helper or even seek alternative treatments that are not covered under a traditional health insurance policy.
A critical illness insurance plan helps to alleviate some of that financial burden by paying out a lump sum.
As such, it is crucial to purchase a critical illness insurance plan to supplement your existing health insurance or personal accident insurance to provide you with some financial cushioning.
When is a Good Age to Purchase Critical Illness Insurance?
Given the increasing life expectancy of Singaporeans, the possibility of critical illnesses is likely to increase within the population. As such, it may be advisable to purchase a critical illness insurance plan early.
While this may mean that you have to end up paying higher premiums at the early stage of the insurance term, you get to enjoy the benefits of comprehensive insurance coverage.
At the same time, when you are young and have fewer or no health complications, the chances of having your insurance policy rejected are lower.
Types of critical illness insurance policies
Conventional Critical Illness Insurance
A conventional or basic critical illness insurance plan provides coverage for late stages of critical illness or severe critical illnesses. There is no denying that this type of plan is still useful in helping to cushion the financial impact once the critical illness is diagnosed.
However, the advancement of medical technology and increased frequency of health screenings facilitate the early detection of certain critical illnesses.
If you had purchased a basic critical illness insurance plan, you may not be able to claim any payouts as this does not fall under the category of severe or late stage of critical illness.
Early Coverage Critical Illness Insurance
As its name suggests, early coverage critical illness insurance plan provides you with insurance coverage across all stages of critical illness. Under this type of critical illness insurance plan, you are typically allowed to claim payouts for the early stages of critical illnesses.
For instance, suppose you have been diagnosed with a minor cancer condition whereby the cancer is confined to one location as opposed to a malignant tumour. Under early coverage critical illness insurance, you will be able to claim for this minor cancer condition.
Hence, early critical illness insurance can be highly beneficial given that early detection and treatment of a critical illness can help to improve your chances of full recovery and minimise future medical complications.
Single-Pay Critical Illness Insurance
Most conventional or basic critical illness insurance plans work on a single-pay basis. This means that once you have submitted a claim and a lump sum has been paid out upon a critical illness diagnosis, the critical illness insurance plan is terminated.
Multi-Pay Critical Illness Insurance
On the other hand, multi-pay critical illness insurance plans allow you to submit claims multiple times. This will come in handy as some critical illnesses may lead to complications or recur later in life after your first claim.
If you had purchased single-pay critical illness insurance, it may be extremely difficult to find another critical illness plan to cover you again given your pre-existing medical conditions.
Multi-pay critical illness insurance provides several payouts upon diagnosis of the critical illness, which can help you fund early treatment costs as well as long-term medical costs should a relapse or complications arise.
Where to Purchase Critical Illness Insurance in Singapore?
Here is a list of insurance providers in Singapore that offer critical illness insurance policies for your healthcare needs.
Insurance Provider | NTUC Income |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.income.com.sg/health-and-personal-accident |
| Address | View branch locations here |
| Telephone | View contact numbers here |
| Operating Hours | Monday – Friday: 8.30am – 6.30pm |
NTUC Income provides insurance plans that offer protection against death, total and permanent disability and terminal illnesses with the Advanced Life Accelerator rider add-on.
Some of the insurance products that Income offers include:
- Star Secure Pro (with the Advanced Life Accelerator rider) – a whole life insurance plan that covers critical illness
- Cancer Protect – provides insurance against early and advanced-stage cancers alike
- Silver Protect – for those aged 50 and above
- Lady 360 – an affordable, comprehensive plan for women
Insurance Provider | Singlife |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://singlife.com/protect/critical-illness/ |
| Address | 18 Robinson Road, #04-03 Singapore 048547 |
| Telephone | 65 6911 1111 |
| Operating Hours | Monday – Friday: 9.30am – 5.30pm |
More than an insurance company, SingLife with Aviva is a technology-empowered financial services partner.
With more than 300 years of experience in protecting businesses and individuals in Singapore, they aim to provide insurance plans that are well-suited for their client’s unique goals and needs.
Critical Illness Plans
- My Early Critical Illness Plan II
- My MultiPay Critical Illness Plan IV
- MyCoreCI Plan II
Insurance Provider | Tokio Marine Life Insurance Singapore Ltd. |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.tokiomarine.com/sg/en/personal/protect/protect-your-health/tm-multicare.html |
| Address | 20 McCallum Street #04-02, Tokio Marine Centre, Singapore 069046 |
| Telephone | 65 6592 6100 |
| Operating Hours | Mondays to Fridays, 8.45am to 5.45pm |
Tokio Marine Life Insurance Singapore Ltd. is one of the country’s premier life insurance providers. Established in Japan more than 140 years ago, Tokio Marine is one of the world’s oldest and largest insurance groups.
TM MultiCare, their insurance plan for critical illnesses, is ideal for those who want:
- Comprehensive coverage for critical illnesses (early, intermediate and advanced stages)
- Continual coverage even after a critical illness claim has been lodged
- A supplemental plan that offers financial support upon the diagnosis of a critical illness
Insurance Provider | AXA |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.axa.com.sg/life-insurance/axasupercriticare |
| Address | 8 Shenton Way, #24-01 AXA Tower, Singapore 068811 |
| Telephone | 1800 880 4888 |
| Operating Hours | 9:00am – 5:30pm, Monday – Friday |
AXA is a well-known insurance company the world over, with presence in 62 countries around the globe. They offer protection for properties, assets, and people.
AXA Super CritiCare, their critical illness insurance product, is available as a standalone plan or as a rider or add-on to selected AXA insurance plans.
Features
- Unlimited claims payout
- Coverage for re-diagnosed cancer, recurrent heart attack and stroke
- Complimentary care programme for diabetes patients
- Death benefit
Insurance Provider | AIA Singapore |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.aia.com.sg/en/our-products/critical-illness-protection.html |
| Address | 1 Robinson Rd, AIA Tower, Singapore 048542 |
| Telephone | 65 1800 248 8000 |
| Operating Hours | Monday – Friday, 8:45 AM – 5:30 PM |
AIA Singapore has been serving generations of Singaporeans since its establishment in 1931. Their mission is to meet their customers’ ever evolving needs in order for them to live healthier, longer, better lives.
With almost a century of serving Asia-Pacific, AIA is one of the key insurance providers in the region.
Insurance Plans for Critical Illness
- AIA Absolute Critical Cover
- AIA Multistage Critical Protector
- AIA Multistage Cancer Cover
- AIA Beyond Critical Care
- AIA Glow of Life
- AIA Prime Critical Cover
- AIA Diabetes Care
Insurance Provider | Manulife |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.manulife.com.sg/en/solutions/health/critical-illness/ready-complete-care.html |
| Address | 8 #01-01A, Cross St, Manulife Tower, Singapore 048424 |
| Telephone | 65 6833 8188 |
| Operating Hours | Monday – Friday, 9:00 AM – 6:00 PM |
Established in 1899, Manulife Singapore provides insurance, retirement, and wealth management solutions to support the financial needs of its customers throughout the different stages of life. Their products are easily accessible via their extensive distribution network.
Manulife’s Ready CompleteCare includes:
- Coverage for 106 conditions of all stages, from early to intermediate and advanced
- The option to restart your coverage over and over again, even after you have made a claim, even after you’ve made a claim
- Free coverage for your child in the event of advanced stage critical illness
- Free health check (transferable) every 2 years
Insurance Provider | Great Eastern |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.greateasternlife.com/sg/en/personal-insurance/our-products/life-insurance/great-family-care.html |
| Address | 1 Pickering Street #01-01, Great Eastern Centre, Singapore 048659 |
| Telephone | 65 6248 2211 |
| Operating Hours | Mon – Fri, 9.00am to 5.30pm |
Since 1908, Great Eastern has protected its customers from life’s uncertainties and helped them thrive. They believe that through their innovative products and solutions, they can help their clients achieve the greatest version of themselves.
Their critical illness insurance, GREAT Family Care, includes:
- Coverage against critical illness
- Coverage against death
- Coverage against total and permanent disability
- Free protection against critical illness and juvenile conditions for your children
- Option to enhance coverage for your parents
Insurance Provider | MSIG Singapore |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.msig.com.sg/insurance/personal-insurance#health |
| Address | 4 Shenton Way #21‑01 SGX Centre 2, Singapore 068807 |
| Telephone | 65 6827 7660 |
| Operating Hours | 8:45am to 5:30pm, Monday to Fridays |
With a solid presence in Singapore spanning more than 100 years, MSIG Insurance (Singapore) Pte. Ltd. is one of the leading general insurers in the country.
The only critical illness insurance they have is the CancerCare Plus insurance plan. Its key features are:
- Automatic renewal even after payout of Accelerated Benefit for early-stage cancer
- Affordable premiums – choose between monthly and annual payment options
- Immediate policy issuance – straightforward online application process can be completed in three steps
Insurance Provider | Etiqa |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.etiqa.com.sg/personal/life-insurance/life-protection/ |
| Address | 16 Raffles Quay, Hong Leong Building, #01-04A, Singapore 048581 |
| Telephone | 65 6887 8777 |
| Operating Hours | Mon – Fri, 8.30am – 5.30pm |
In business for more than 55 years, Etiqa is a life and general insurance firm in Singapore that has been rated ‘A’ by credit rating agency Fitch in 2022.
Etiqa is the insurance arm of Maybank Group, which is Southeast Asia’s fourth largest bank.
Key Insurance Plans (Critical Illness)
- Essential Cancer Care
- 3 Plus Critical Illness
- Tiq Cancer Insurance
Insurance Provider | Prudential Singapore |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.prudential.com.sg/products/health-insurance/critical-illness |
| Address | 5 Straits View #01-18/19, Marina One The Heart, Singapore 018935 |
| Telephone | 1800 333 0333 |
| Operating Hours | Mondays to Fridays, 9:00am to 4:00pm (By Appointment Only) |
Prudential Assurance Company Singapore (PACS) has been delivering innovative insurance products and professional advisory for the last 90 years in Singapore. They are one of the largest life insurance companies in the region, with approximately 1 million customers.
The PRUActive Protect plan is a critical illness insurance plan that you can customise. Designed to help you prepare for challenges in every stage of your life, this flexible plan offers you the option to add coverage against early-stage, recurring, and relapse conditions.
Other critical illness insurance plans from PRU:
- PRUCancer 360
- PRUEarly Stage Crisis Cover
- PRUSafe Prostrate Cancer
- PRUSafe Breast Cancer
- PRULady
- PRUMan
- PruVital Cover
- PruMum
Insurance Provider | FWD |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.fwd.com.sg/big-3-critical-illness/ |
| Address | 6 Temasek Boulevard, #18-01 Suntec Tower Four, Singapore 038986 |
| Telephone | 65 6820 8888 |
| Operating Hours | Monday to Friday: 9:00am – 6:00pm |
FWD opened offices in Singapore in 2016. Its mission is to create new customer experiences by offering products that are easy to understand. FWD aspires to be a major pan-Asian insurer that transforms people’s perceptions of insurance through its customer-focused approach.
- Big 3 Critical Illness insurance
- Critical Illness Plus insurance
- Cancer insurance
- Heart attack insurance
- Stroke Insurance
- FWD Recover First
Insurance Provider | China Life Insurance |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.chinalife.com.sg/en/riders/China-Life-Critical-Care-Rider/DIRECT-China-Life-Critical-Care-Rider |
| Address | 1 Raffles Place #46-00, One Raffles Place Tower 1, Singapore 048616 |
| Telephone | 65 6727 4820 |
| Operating Hours | Mon – Fri: 9am – 5.30pm |
China Life (Singapore) was established in 2015 and is part of the largest state-owned financial insurance corporation in China, China Life Insurance (Group) Company (“China Life”). China Life has been a Fortune Global 500 company for 20 years.
In December 2021, China Life was given a rating of “A1” (insurance financial strength rating) by Moody and “A” (long-term local currency issuer credit rating and insurer financial strength rating) by Standard & Poor.
China Life offers riders that provide coverage for critical illnesses, namely:
- China Life Critical Care Rider
- DIRECT-China Life Critical Care Rider
Insurance Provider | AIG |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.aig.sg/personal/sapphire-enhanced/critical-illness |
| Address | 78 Shenton Way, Level 1, Singapore 079120 |
| Telephone | 65 6419 3000 |
| Operating Hours | Mondays to Fridays: 8am to 6.30pm |
Since 1953, AIG Asia Pacific Insurance Pte. Ltd. has been providing services to individuals and corporate clients in Singapore. They are one of the leading general insurance firms in the country, helping their clients stay ahead of risk while also partnering with them in times of need.
Their add-on product for critical illnesses provides up to S$80,000 coverage for major diseases, namely:
- Cancer
- Heart attack
- Stroke
- Kidney failure, and
- Coronary artery bypass surgery
Insurance Provider | China Taiping Insurance Singapore |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.sg.cntaiping.com/ |
| Address | 3 Anson Road #16-00, Springleaf Tower Singapore 079909 |
| Contact | Tel: 65 6389 6111 Email: [email protected] |
| Operating Hours | Monday to Friday, 8:45am to 5:30pm |
China Taiping Insurance (Singapore) Pte. Ltd. has been operating in Singapore since 1938. For more than 80 years, they have provided life and general insurance for both corporate and individual customers.
They offer insurance protection plans with optional add-on riders for critical illness coverage, namely:
i-Protect
- A term plan with an affordable premium that can serve as an income replacement or a legacy for beneficiaries
- With optional EarlyCare Rider, which covers up to 149 conditions
i-Secure Legacy
- A whole life plan that provides lifetime coverage against Death, Terminal Illness, and Total and Permanent Disability
- Accumulates cash values and bonuses throughout the policy term
- With optional Whole Life Critical Illness rider covering 161 conditions
Insurance Provider | HL Assurance |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.hlas.com.sg/ |
| Address | 11 Keppel Road, #11-01 ABI Plaza, Singapore 089057 |
| Telephone | 65 6702 0202 |
| Operating Hours | Mondays – Fridays: 9 a.m. – 6 p.m. |
HL Assurance is a member of Hong Leong Financial Group, which provides various financial services in Malaysia, Singapore, China, Hong Kong and Vietnam, such as:
- Banking,
- Treasury,
- Insurance,
- Fund management,
- Investment banking,
- Capital markets, and
- Stock-broking.
HL Assurance exists to consistently provide goods and services of the highest quality at affordable prices. They provide two insurance plans covering critical illnesses:
Insurance Provider | HSBC Insurance |
| Speciality |
|
| Pricing | Request for quotation |
| Website | https://www.insurance.hsbc.com.sg/protection/products/early-critical-care/ |
| Address | View branch locations here |
| Telephone | Contact details here |
| Operating Hours | View branch opening hours here |
HSBC Life offers a full suite of insurance products designed to support you to save, invest, protect, and leave a legacy.
As part of the renowned HSBC Group, HSBC Life provides products and services secured by HSBC’s financial backbone, which has been strengthened by its more than 150 years of experience in building relationships.
For critical illnesses, they offer Early Critical Care, which features:
- Coverage for 102 conditions, including some illnesses not commonly insured in Singapore
- 100% payout even for early-stage critical illness
- Affordable premiums and comprehensive coverage
Key considerations when purchasing critical illness insurance
When it comes to purchasing a critical illness plan, there is no such thing as a one-solution-fits-all. After all, every individual has varying medical backgrounds and may look for different types of insurance coverage and protection.
Hence, when planning out your critical illness insurance plan, here are some factors to consider:
How much coverage should I get?
The amount of insurance coverage that you need for your critical illness insurance plan is dependent on your monthly living expenses. Besides having to continue paying for your current lifestyle, such as electricity bills, home loans or children’s education, you will also need to factor in additional expenses spent on medical treatments that you need. Hence, most experts recommend a minimum coverage of 60 months or 5 years.
Which plan is suitable for me?
There are various types of critical illness insurance plans and the type of plan offered is dependent on the insurance provider. Hence, it is entirely up to you to decide which type of critical illness insurance plan you are comfortable with – be it a single-pay or multi-pay critical illness insurance plan.
Some insurance providers may only offer single-pay critical illness insurance plans while others may offer both options. As a rule of thumb, do your due research to understand the various types of critical illness insurance plans offered by different insurance providers.
How will my family’s medical history affect the coverage?
Your family’s medical history may affect the type of critical illness insurance plan that you receive or even the insurance coverage. For instance, if your family has a history of cancer, you may want to opt for a multi-pay critical illness insurance plan since there is a high likelihood of cancer recurring within your family.
What are my budget and needs?
Finally, insurance policies are a long-term investment and commitment. Have a budget in mind and a premium amount that you are comfortable with paying over a regular period of time. Review your insurance needs regularly with your financial advisor to ensure that your critical illness insurance coverage meets your lifestyle needs.
Best Critical Illness Insurance Plans in Singapore:
Plan | Yearly Premium | Features | Note |
| Power | Critical Cover | Coverage to age 75: $3,328 Protection to mortality of 100: $4,886 – Insures 175 conditions (including 10 pre-conditions, 150 multi-stage critical illnesses, 15 exceptional conditions) | – Insures at detection of Type 2 diabetes |
| Aviva | Singlife Essential Critical Illness | $2,032 – 14 critical illnesses plus 4 diabetic conditions | – Insures pre-existing conditions (Diabetes, 3 highs – high BP, cholesterol and BMI) – Receive reimbursement: 20% of total premiums if no claim is made |
| MultiPay | CI III | $2,368 – Up to 5 lump Bulk reimbursement upon detection of Cancer across Early, Intermediate or Severe Stages | – Up to 2 reimbursements if re-detection of Cancer or impairment from renewed heart attack or stroke |
| FWD | Cancer Insurance & Medical Cover | $388 100% reimbursement for any manifestation of cancer, including developmental stages Exclusive cancer insurance, excludes dual-ownership of this insurance plan and Big 3 Critical Illness plan simultaneously | |
| Big 3 | Critical Illness | $370 Insures 90% of all critical illnesses at a third of the cost of normal critical illness plans Exclusive insurance for cancer, heart attack and stroke, excludes dual-ownership of this insurance plan and FWD Cancer insurance simultaneously | |
| Great Eastern | Critical Care Advantage | $2,010 – Protection of 3 levels of illnesses – early, intermediate and critical | -Excludes intervals across many claims – Protection over 92 medical conditions (37 critical illnesses & 7 exceptional conditions) |
| Manulife | Critical SelectCare | -Insures inherent, pre-existing health conditions like high blood pressure, high blood sugar, high cholesterol, or diabetes – Does not require medical check-ups before issue – – ‘Cover Me Again’ choice exists – Free health check upon two years | |
| Prudential | PruCancer 360 | $399 (fixed premium over 5 years, contingent upon $300,000 coverage for 27-year-old male) | – Insures major cancers regardless of which stage – Accepts pre-existing conditions (not related to cancer) Only cancer coverage |
| NTUC Income | Cancer Protect | $207.20 (Based on $100,000 sum assured) | – Claim 25% of the sum reimbursed upon detection of young cancer growth – Claim up to 125% of the sum guaranteed at detection of late stage cancer – Maximum sum assured is $100,000 |
| Singlife | Critical Illness Plan | $1029.71 | – Protection of 36 terminal critical illnesses – Death benefit of S$8,000 -Premium is for coverage till age 65 |
| Multi-claim | Critical Illness Plan | $1138.11 | Multiple claims up to 300% of sum assured |
| Tokio Marine | EarlyCover | $1,392 – Covers 119 medical conditions or procedures, including 99 CIs, 10 special conditions and 10 juvenile conditions | Dismissal of recurring premiums upon young or middle stage of critical illness Premium is for coverage till age 70 Multicare $2,774 – Full reimbursement of up to 900% of sum guaranteed- Protects for 2 advanced stage critical illness reimbursement- Protects for 2 extra reimbursements for terminal cancer |
AIA
Power Critical Cover
The AIA Power Critical Cover Plan protects wide ranging inclusion of 175 conditions, with 10 pre-conditions, 150 multi-stage critical illnesses, and 15 exceptional conditions.
The 15 exceptional conditions cover:
- Diabetic Complexities
- Osteoporosis
- Severe Rheumatoid Arthritis
- Dengue Haemorrhagic Fever
- Mastectomy Due to Carcinoma-In-Situ or Malignant Breast Condition
- Hysterectomy Due to Cancer
- Vulvectomy Due to Cancer
- Severe Gout
- Necrotising Fasciitis Requiring Surgery
- Tourette Syndrome (TS)
- Attention-deficit Hyperactivity Disorder (ADHD)
- Autism Spectrum Disorder (ASD)
- Dyslexia
- Kawasaki Disease With Heart Complications
- Rheumatic Fever With Heart Involvement
- This covers a Power Reset Benefit, which refreshes your final claim beyond 12 months.
This therefore permits many claims to be redeemed, of up to 500% the insured sum.
Including similar, parallel critical illnesses, you will received coverage of twice the insured sum (up to 200%) including the Power Relapse Benefit, if at least 24 months have elapsed from the last paid reimbursement.
This provides for re-detected terminal cancer, repeated heart attack or stroke, and recurring major organ/bone marrow transplantation or heart-valve surgery.
This plan covers, at least two options – AIA Power Critical Cover Value Plan and AIA Power Critical Cover Life Plan.
The Value Plan covers insurance of up to 75 years old, while the Life Plan offers protection of up to 100 years old.
The major distinction is the assured monetary sum that comes with the Life Plan.
Aviva
Singlife Essential Critical Illness
The Singlife Essential Critical Illness insures 14 critical illnesses and four diabetic conditions, which insures three new critical illnesses.
Critical Illnesses Insured:
- Terminal Cancer
- Heart Attack of Specific Severity
- Stroke with Permanent Neurological Deficit
- Blindness (Irreversible Loss of Sight)
- Coronary Artery By-pass Surgery
- End-Stage Kidney Failure
- Other Serious Coronary Artery Disease
- End-Stage Lung Disease
- Irreversible Loss of Speech
- Major Burns
- Deafness (Irreversible Loss of Hearing) (New)
- Major Head Trauma (New)
- Severe Bacterial Meningitis (New)
- Angioplasty & Other Invasive Treatment For Coronary Artery
This scheme insures inherent health conditions too, inclusive of Type 2 Diabetes, Pre-diabetes, and/or the three Highs (high blood pressure, high cholesterol, and high Body Mass Index (BMI)).
If there has been no filing, you may simultaneously claim to collect 20% of your full premiums reimbursed at the termination of the policy tenure.
My MultiPay Critical Illness Plan III
This scheme insures up to five lump-sum reimbursements at detection of terminal illnesses spanning young, middle, or terminal levels.
For young or middle levels, people may claim a lump sum reimbursement of up to 200% cash insured.
FWD
Cancer Insurance & Medical Cover
FWD provides a cancer protection scheme which releases a 100% reimbursement of every level of cancer, including young development.
This protection scheme can purchased in addition to any more existing critical illness schemes, to provide a reimbursement in surplus of any current CI plans you could currently own.
In excess of these, there exist additional chances to seek additional medical referrals, allowing any diagnoses to be reassessed by senior medical experts.
Big 3 Critical Illness
More options that FWD already provides the Big 3 Critical Illness plan, which insures cancer, heart attack & stroke – three of the most prevalent critical illnesses in Singapore.
It is a one off reimbursement insurance coverage, where the fully insured sum will be claimable upon the detection of the covered conditions stated above.
The plan additionally includes with a death reimbursement of S$20,000.
Great Eastern
Critical Care Advantage
The Great Eastern Critical Care Advantage protects every level of disease, including young, middle and terminal.
The plan insures full protection of 37 critical illnesses and seven exceptional conditions, which are:
- Special Conditions
- Diabetic Complications
- Severe Rheumatoid Arthritis
- Severe Osteoporosis with Fractures
- Severe Dengue Haemorrhagic Fever
- Systemic Lupus Erythematosus
- Crohn’s Disease
- Cancer Recovery
For the young levels, this scheme provides reimbursement of up to $100,000, and for middle levels, there could be reimbursement totalling nearly $200,000 fully.
This also excludes any lag period between many claims, which is a bonus reward for this scheme.
Manulife
Critical SelectCare
The Critical SelectCare Plan is scheme which could cater to anyone, covering people with inherent health conditions – which includes high blood pressure, high blood sugar, high cholesterol, or diabetes.
Each person receives coverage for specific critical illnesses and special conditions of up to $25,000 for every diagnosed condition.
- Critical Illnesses
- Heart Attack of Specified Severity
- Major Cancers
- Stroke
- Alzheimer’s Disease/ Severe Dementia
- Parkinson’s Disease
- End-Stage Lung Disease
- Fractures of Specified Sites as a Result of an Accident
- Special Conditions
- Osteoporosis with Fracture
- Severe Rheumatoid Arthritis
In absence of claims dispatched in the policy tenure, policyholders may claim a reimbursement of 25% of the total premiums at the termination of the policy.
Ready CompleteCare
The Manulife Ready CompleteCare Plan insures 106 conditions and critical illness for every disease.
It additionally insures 18 exceptional conditions totalling to $25,000 per reimbursement , potentially totalling to six claims.
This scheme insures a ‘Cover Me Again’ choice, inclusive of potential claims to be claimed 12 months following the last claim, including 100% of the claim insured.
Within this plan, claimants may also claim 200% of the amount covered for 6 major advanced stage critical illnesses.
The 6 major illnesses include:
- Advanced stage terminal cancer
- Advanced stage heart attack of specified severity
- Advanced stage stroke
- Advanced stage Alzheimer’s disease
- Advanced stage multiple sclerosis
- Advanced stage Parkinson’s disease
In addition, this offers bonus protection for your junior in the incident of late stage critical illness.
The plan provides supplementary health check within each two years which is also compensable to your close family
NTUC Income
Cancer Protect
Akin to existing FWD Cancer coverage, the NTUC Income Cancer Protect Plan is also a plan that provides cancer insurance.
It insures for beginning to late levels, with exclusion of the full amount guaranteed after every reimbursement, covering young cancer.
No medical examinations are necessary for this scheme. There exists an instantly assured renewal within 10 years.
Additionally, insured persons may claim up to 125% of the amount insured for terminal cancers, in the absence of young claims filed.
If a claim is filed for beginning stage cancer, individuals will reimbursed 100% of the sum insured at detection of terminal stage advanced cancer.
For diagnosis of early-stage cancer, persons may collect 25% of the amount insured.
Additionally, there could be a reimbursement of up to 100% of the sum insured in the occurrence of accidental or non-accidental death.
Prudential
PruCancer 360
PruCancer 360 is another protection scheme which protects every cancer, and insures everyl stages with 100% reimbursement.
Protection is additionally provided up to age 100, with the matured renewal age at 95.
Additionally, this plan will extend to people suffering inherent ailments (not related to cancer).
Hence, insured individuals with diabetes, heart issues, other genetic disorders not related to cancer, may adopt this plan.
Singlife
Critical Illness Plan
Singlife is a new player in the field, which has now gained prevalence through its insurance protection scheme.
This digital platform covers a full critical illness plan with a once-off reimbursement.
It provides protection of 36 late-stage critical illnesses (LSCIs), with a lump sum of $8000 compensable upon death.
This plan also has a Next Day Critical Illness Claim feature, where claims will be processed on the next business day.
Multi-Claim Critical Illness Plan
MuThe Multi-Claim Critical Illness Plan is a developed CI plan that provides many reimbursements.
Additionally, this scheme insures 36 late-stage critical illnesses.
The exception could be many claims of up to 300% of the sum insured is currently at hand for multiple diseases.
Tokio Marine
TM EarlyCover
The TM EarlyCover is a critical illness scheme which insures 119 medical conditions or procedures inclusive of 99 critical illnesses (of all stages), 10 special conditions and 10 juvenile conditions:
Special Conditions Juvenile Conditions
- Angioplasty and Other Invasive Treatment for Coronary Artery Generalised Tetanus
- Breast Reconstructive Surgery following a Mastectomy Glomerulonephritis with Nephrotic Syndrome
- Crohn’s Disease Insulin Dependent Diabetes Mellitus
- Dengue Haemorrhagic Fever Kawasaki Disease
- Diabetic Complications Osteogenesis Imperfecta
- Osteoporosis Rabies
- Pheochromocytoma Rheumatic Fever with Valvular Impairment
- Severe Rheumatoid Arthritis Severe Haemophilia
- Ulcerative Colitis Severe Juvenile Rheumatoid Arthritis
- Wilson’s Disease Type I Juvenile Spinal Amyotrophy
This plan provides three policy tenures: Up to age 70, 75 or 85.
Additionally, there are exemptions of later premiums upon young or late developed levels of advanced critical illness.
There also exists a lump sum death reimbursement of $20,000, irrespective of whether any claims had been made, or the leftover amount insured.
TM MultiCare
The TM MultiCare plan provides for many reimbursements spanning young, middle, and terminal stage critical diseases.
It offers a full reimbursement of up to 900% of the sum insured, in three separate tiers.
Layer 1 and Layer 2 cover critical illness of different stages of severity.
Every tier insures distinct forms of critical illness ailments.
Layer 3 offers bonus benefits for advanced-stage cancer, even when the cancer has advanced, remained or returned.
Tokio Marine Multicare
Source: Tokio Marine
Aside from the many reimbursements, it also provides for dual late-stage critical illness claims, and two extra reimbursements for terminal cancers.
Akin to TM EarlyCover, it also insures 10 special conditions and 10 early conditions under Tier 1 and 2.
Which is Best Critical Illness Policy?
Critical illness policies are a type of insurance that can help cover the costs of medical treatment for major illnesses like cancer, heart attacks, and strokes. These illnesses can result in significant financial burdens. These insurance will pay out a single lump sum to the policyholder in the event that the policyholder is diagnosed with one of the critical illnesses covered by the policy.
When it comes to selecting the most appropriate critical illness coverage, there are a few aspects of the market to take into account. The level of protection offered by the insurance is unquestionably one of the most significant aspects to take into account.
You should look for a plan that protects you against a variety of critical illnesses, as this will ensure that you are covered in the event that you are diagnosed with any of these conditions. Some insurance policies cover no more than a few ailments, while others may cover as many as thirty or even more.
The amount of money that will be paid out is still another essential consideration. You should look for a health insurance plan that offers a payout that is large enough to cover not just your current medical bills but also any additional costs that may arise throughout your time spent recuperating from your illness.
The level of coverage that is appropriate for you will be determined by a variety of factors, including your age, the state of your health as a whole, and the average cost of medical treatment in your region.
While selecting a critical illness policy, there are a number of other considerations to take into account in addition to the coverage and the payout amount.
Consider taking a look at the policy’s premiums, which refer to the amount of money you’ll have to pay on a regular basis in order to keep your coverage active. You should also have a look at the policy’s exclusions, which are the diseases and conditions that are not covered by the insurance.
There is no one-size-fits-all option when it comes to selecting the most appropriate critical illness coverage for your needs. The insurance plan that is best suited to meet your requirements and address your concerns will vary from person to person. Nonetheless, there are a few insurance plans that are often regarded as being among the very finest the business sector has to offer.
The Max Life Cancer Insurance Plan is a policy that has received a lot of praise from industry professionals. This particular insurance plan covers a broad spectrum of cancers, in addition to a variety of other life-threatening conditions, such as heart attacks and strokes.
The policy provides a one-time payout in the form of a lump sum upon diagnosis, and the size of the payout is up to the policyholder depending on their specific requirements.
The HDFC Life Cancer Care Plan is yet another policy that has received very positive reviews. This insurance plan covers all stages of cancer, in addition to a variety of other severe ailments, such as heart attacks and strokes. The policy provides a one-time payout in the form of a lump sum upon diagnosis, and the size of the payout is up to the policyholder depending on their specific requirements.
These two insurance have received good marks from industry professionals and provide all-encompassing protection against catastrophic illnesses.
Yet, it is essential to keep in mind that there may be other plans available that are better suited to your specific requirements and conditions than the one you have currently.
While looking for a critical illness coverage, it is crucial to do your homework and examine several different policies before settling on one.
Only then should you make a choice. To figure out which insurance plan is the right one for you, you should consider aspects such as the coverage it provides, the payment amount, the premiums, and the exceptions it makes.
Talking to an insurance agent or financial advisor who can assist you in navigating the complex world of insurance and helping you make an informed decision about which coverage is suitable for you is another smart suggestion.
They are able to offer you helpful advice and direction that is tailored to your specific requirements and conditions on the basis of their expertise.
In addition to selecting the appropriate critical illness coverage, it is essential to take preventative measures to lessen the likelihood of contracting a catastrophic illness in the first place. This can include things like keeping a healthy lifestyle, going in for frequent checkups, and following the instructions of your doctor regarding screenings and preventative treatment.
In conclusion, there is no silver bullet when it comes to selecting the most appropriate critical illness coverage for your needs because there is no “one size fits all” option.
The insurance plan that is best suited to meet your requirements and address your concerns will vary from person to person. You may, however, make an educated selection and choose a policy that provides comprehensive coverage and satisfies your financial needs if you do your homework, compare different policies, and seek the help of an insurance agent or financial advisor.
While looking into purchasing a critical illness policy, it is essential to bear in mind that the purpose of these plans is to offer monetary assistance in the event that the insured suffers from a major disease. It is important to keep in mind that these plans are not intended to take the place of a full health insurance policy. Nonetheless, they can provide you peace of mind and assist pay medical costs.
It is also essential to have a solid understanding of the constraints imposed by critical illness policies. These policies, in most cases, only offer protection against a limited number of diseases, and they might not extend their protection to all forms of cancer or other serious conditions. In addition, several policies might include restrictions or limitations, like as not covering pre-existing conditions or only covering people of a certain age.
While comparing plans, it is necessary to read the terms and conditions very carefully so that you have a clear understanding of exactly what is covered and what is not covered.
You should also think about obtaining a policy that comes with additional benefits, such as protection in the event that you become disabled or admitted to the hospital.
In the end, selecting the most appropriate critical illness coverage is a matter of personal preference that is determined by your unique requirements and life circumstances. You can make an educated selection and choose a policy that will give the financial protection you require in the event that you are diagnosed with a major disease if you do your research, compare multiple policies, and seek the counsel of a specialist who specialises in insurance.
Which Illness has the Highest Prevalence Rate in Singapore?
Cancer is the most common form of illness in Singapore and is responsible for approximately one-third of all fatalities in the country. Because cancer is so common, having proper health insurance coverage is critical to assisting with the financial burden of the costs associated with cancer treatment and care.
Critical illness insurance is one kind of policy that can protect you financially in the event that you are diagnosed with cancer or another severe sickness.
When a covered condition is diagnosed, this type of insurance gives a one-time payment in the form of a lump sum. This money can be put towards covering expenses such as medical bills, missed wages, and other costs.
Cancer, heart attacks, and strokes are just some of the ailments that are commonly covered by critical illness insurance policies, which cover a wide spectrum of conditions. But, you should make it a point to read the terms and conditions of the policy in great detail in order to confirm that the protection it provides is appropriate for your specific situation and requirements.
There are a number of different kinds of insurance, in addition to critical illness insurance, that can serve to protect a person’s finances in the event that they suffer from a major disease.
For instance, disability insurance can assist in the replacement of lost income in the event that an illness or injury prevents the policyholder from working. This can make it more likely that you will be able to keep up with the payments on your bills and provide for yourself and your family.
In the case of your passing, life insurance can also offer your loved ones financial security to ease their financial burden. This can assist ensure that your family is able to keep their current quality of living and pay all of their bills, including the mortgage, tuition for college, and other living expenditures.
It is essential to keep in mind that having health insurance does not serve as a replacement for receiving appropriate medical care or taking necessary preventative steps.
It is crucial to take measures to preserve your health and avoid catastrophic illnesses from arising in the first place, even while insurance can help provide financial protection in the event of a serious sickness. This can include things like consuming a nutritious diet, engaging in regular physical activity, and going in for checkups and screenings at regular intervals.
In addition to taking preventative actions, it is critical to have a robust financial strategy that incorporates adequate insurance coverage. This can assist you peace of mind and ensure that you and those you care about are protected in the event that you or a loved one suffers from a serious illness or some other unforeseen incident.
While shopping for insurance, it is critical to give careful consideration to the policy’s terms and conditions in order to ensure that the coverage will be appropriate for your specific situation and requirements.
You may also want to consider working with an insurance agent or financial advisor who can give you with direction and assist you in selecting the insurance policy that is best suited to meet your requirements.
In conclusion, cancer is the most common sickness in Singapore; therefore, it is essential to have sufficient insurance coverage in order to assist in covering the costs of treatment and care.
There are several different kinds of insurance, including critical illness insurance, disability insurance, and life insurance, that can serve as a source of financial protection in the event of a major sickness.
Critical Illness Singapore Statistic 2023
Did you know that the Singapore Cancer Society estimates that one in every four people living in Singapore faces the possibility of contracting cancer at some point throughout their lifetime?
This indicates that critical illnesses such as cancer are, unfortunately, becoming more common in Singapore.
It is essential to be aware of the statistics in order to make educated decisions about the insurance coverage that is appropriate for one’s needs in order to protect oneself from financial loss.
According to reports compiled by Singapore’s Ministry of Health during the previous ten years, cancer has consistently ranked as the leading cause of death across the island nation.
Other critical illnesses such as heart disease and stroke are also extremely common; hence, it is vital for insurance plans to take into consideration providing coverage for these conditions.
When it comes to insurance, a significant number of people decide to purchase critical illness insurance as a means of financially safeguarding themselves and their family in the event that a critical illness diagnosis is made.
When a critical disease is diagnosed, this kind of insurance normally makes a one-time payment in the form of a lump sum payout. This money can be put towards paying for medical expenditures, the cost of living, and any other costs that may come up in the future.
It is important to keep in mind that the price of critical illness insurance might change depending on a variety of criteria, including age, current health state, and the amount of coverage purchased.
If you want to be sure that you will not have to worry about your finances in the event that you are diagnosed with a critical illness, it is recommended that you think about purchasing insurance that includes critical illness coverage.
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