REVIEW – AXA Super CritiCare – 1st in Market to Cover Re-diagnosed Cancer, Heart Attack & Stroke at ANY Stage  

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While being the first in market to “Cover for Re-diagnosed Cancer, Recurrent Heart Attack and Stroke at any stage” sounds good, the AXA Super CritiCare (SCC) has its merits and non-merits. Late 2019 we see AXA introducing their Super CritiCare, as during the year insurers were either updating their non-par term insurance plans to include greater flexibility/coverage to their multiple payout CI plans (Aviva & Tokio Marine), some insurer was pushing out their version of multiple payout critical illness plans then (AIA’s Power Critical Cover).

AXA’s previous standalone early critical illness (CI) plans of Early Stage CritiCare (withdrawn) and the gender specific of CritiCare for Him/Her (Still available in the market – check our review here) does not really have a multiple payout structure for critical illnesses across their different stages.

Is AXA playing catch-up here? Or are they enhancing something that is already out there in the market? We would like to think both, and with added benefits!

Read on to find out more:

Product Features and Benefits at a Glance

 Premium Choices

Choice of 5,10,15,20,25 & 30 years term

till age 50,55,60,65,70, 75

Conditions Covered

Critical Illness – 111 Conditions

Special Conditions – 11Conditions

Juvenile conditions – 10 Conditions

Recurrent Cover –  Early & Intermediate Stage Cancer, Heart Attack, Stroke

How AXA’s Super CritiCare Works

While most insurers have a maximum Early CI per payout limit of $250,000, AXA’s maximum cover is at a higher $350, 000. It is (once again) categorized mainly into 3 groups: Cancer, Heart related and Stroke.

It provides up to 600% multiple payouts of the basic sum assured across early to intermediate to advance stage CI.

There will be a 12 months waiting period in between of claims, regardless of the stages of CI in between. It will also be 100% of sum assured per payout, regardless of the stage the CI is at.

If an early or intermediate stage of CI moves on to the advance stage, the remaining sum assured will be paid out without any waiting period. This however also means that you need to take up a sum assured much higher than the maximum capped payout of $350, 000.

For example, you need to have a sum assured of $600, 000 for early CI coverage. When early stage CI strikes, $350, 000 will be paid out and the remaining $250, 000 will be paid out without any waiting IF there is a second early stage CI that occurs. This is practically found in any other insurer’s early stage CI payout structure and not really that exclusive as a multiple payout feature.

Critical Illness Stages Maximum Claim Amount
Early Stage $350, 000
Intermediate Stage $350, 000
Advance Stage $3, 000,000

Interested to learn more?

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Below we explore the 3 different claim scenarios:

Scenario 1: Same CI Condition

Claims Procedure

  • One Claim Per Early/Intermediate/Advance Stage CI Condition.
  • No Waiting Period for next stage claim if Sum Assured is higher than claim limits.
  • If sum assured is above $350, 000, the remaining will be paid out without any waiting period if the SAME CI Condition were to progress to a later stage.

Example 1: As mentioned in the above example, you need to have a sum assured of $600, 000 for early CI coverage. When early stage CI strikes, $350, 000 will be paid out and the remaining $250, 000 will be paid out without any waiting IF there is a second early stage CI that occurs.

This is not something new and is in fact a risk that the remaining $150, 000 may not be paid out if the early stage CI doesn’t advances.

Also, you are paying for a $600, 000 coverage but capped at $350, 000 with the risk and possibility that you may not be paid out on the remaining $250, 000.

Example 2: If the sum assured is at $100, 000, upon an early stage cancer occurring, $100, 000 will be paid out. If it advances, then there are 2 criterias for a possible payout. That is under Scenario 3 which we highlight below.

Scenario 2: Different CI Conditions

  • In the event of a separate or different category of CI, 100% of sum assured will be paid out and there is a waiting period of 1 year or 12 months in between payouts. This is regardless of the stages of CI.
  • During this waiting period, if another CI were to occur, the remaining sum assured will be paid out (note: if you use the $600k – $350k example, remaining sum assured here refers to $250k).
  • After the waiting period, 100% of the Sum Assured up to the applicable limits (refer to table above)
  • 2 other insurers’ multiple payout CI plans in this arena are AIA’s Power Critical Care and Manulife Ready CompleCare

Scenario 3: Re-Diagnosed and Recurrent CI Conditions (First in the market)

  • Total sum assured for recurrent, relapse, metastasis cancer and re-diagnosed heart attack and stroke is capped at 300%.
  • Only Insurer to pay out re-diagnosis of early/intermediate stage CI of cancer, heart attack or stroke with 2 criterias:
CRITERIA 1

24 months waiting period for re-diagnosis and recurrent pay outs for same medical condition of Major Cancer, Heart Attack and Stroke.

CRITERIA 2

Consists of Recurrent, Relapse and Metastasis of Cancer, Recurrent Heart Attack and Recurrent Stroke:

  Cancer Heart Attack Stroke
Early Stage Recurrent
  • Unrelated to the initial cancer diagnosed – regardless of stages & different organs
Recurrent
  • Unrelated from previous successful heart attack claims – regardless of stages
Recurrent
  • Unrelated from previous successful stroke claims – regardless of stages
Intermediate Stage Recurrent
  • Unrelated to the initial cancer diagnosed – regardless of stages & different organs

Relapse

  • 2 years waiting period (inclusive of remission period)
  • Regardless of related/same/different organ

Metastasis (spread of Cancer)

  • 2 years waiting period (inclusive of remission period)
  • Regardless of related/same/different organ
Recurrent
  • Unrelated from previous successful heart attack claims – regardless of stages
Recurrent
  • Unrelated from previous successful stroke claims – regardless of stages
Advance Stage Recurrent
  • Unrelated to the initial cancer diagnosed – regardless of stages & different organs
Recurrent
  • Unrelated from previous successful heart attack claims – regardless of stages
Recurrent
  • Unrelated from previous successful stroke claims – regardless of stages

Diabetes Care Programme

First in the market as well, AXA’s Diabetic Care Programme is a 12-month programme that is an additional benefit. It does not reduce the policy’s sum assured amount and is applicable should the policy holder be diagnosed of diabetes, validated by AXA’s appointed doctors in the form of annual blood test(s) report.

The programme is aimed at diabetics with a carefully curated diabetic control plan that manages their diabetes as long as his/her policy is in-forced.

It provides support in controlling the condition through a 12-month personalised wellness programme to manage diabetes conditions upon diagnosis of diabetes, and will be renewed yearly if one’s condition persists.

It comprises six components: personalised consultations, dietary counselling with individualised nutritional plans, a fitness programme, eye screening, foot screening and annual lab tests.

Through a complimentary care programme with professional support worth S$2,500 every year, you can fully manage your health conditions and control diabetes in an effective way. This programme will be renewed every year till end of the policy term.

This programme does not include medication prescription and refills, if any.

6 Components of the Diabetic Care Programme

axa super criticare, multipay ci, multiple payout critical illness, early stage critical illness
source: axa.com.sg

Interested to learn more?

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Comparison of Single Pay for Male, Non-Smoker, Early CI Till Age 75 for $100, 000

Insurer Manulife

Ready CompleteCare

AXA

Super CritiCare

SingLife

Critical Illness

Age 30 $1,036.00 $ 1,165.00 $879.95
Age 35 $1,273.40 $1,428.00  

$1,083.14

Age 40 $1,591.70 $1,778.00 $1,374.74
Age 45 $ 2,052.70 $2,334.00 $2,098.24
Age 50 $ 2,681.20 $3,132.00 $2,770.09
Age 55 $ 3,573.90 $4,375.00 $3,747.69
Age 60 $ $5,218.00 $6,099.00 $5,394.34

Comparison of Single Pay for Female, Non-Smoker, Early CI Till Age 75 for $100, 000

Insurer Manulife

Ready CompleteCare

AXA

Super CritiCare

SingLife

Critical Illness

Age 30 $972.70 $1,178.00 $822.63
Age 35 $1,213.10 $1,463.00 $1,002.78
Age 40 $1,456.10 $1,777.00 $1,245.96
Age 45 $1,760.30 $2,219.00 $1,690.89
Age 50 $2,072.20 $2,827.00 $2,089.11
Age 55 $2,562.30 $3,699.00 $2,587.92
Age 60 $3,301.90 $4,709.00 $3,427.78

What We Like About The Plan

  • Cheapest (multiple payout structure, not to be confused with the table above as that is Single Payout)
  • First Insurer to cover another early/intermediate stage
    • Cancer
    • Heart Attack
    • Stroke
    • Disclaimer: not related to the first diagnosed early stage cancer with 24 months waiting period
  • Diabetes Care Programme offered to the life assured upon diagnosis of diabetes without lowering the sum assured of the main plan
  • Up to a high pay out limit of $350,000 for early-stage critical illness per claim
  • Carcinoma in-situ definition for early cancer now includes more sites.
  • Renewable policy term of 5,10,15,20,25 & 30 years with no medical underwriting/check-up
    • Or choose a coverage term till age 50/55/60/65/70/75
  • Ability to choose Sum Assured up to $3,000,000

What We Don’t Like About The Plan

  • Subsequent multiple payouts are still subjected to the 1 year waiting period for different CI condition or if CI went on from early to advance stage. If your sum assured is below the applicable limit ($350k for Early stage CI for example), you have to wait a year to be eligible for the next claim. If your sum assured is above the applicable limit, then there is no waiting period if another same early stage CI were to occur within 1 year.
  • Second claim must be a different CI and subjected to 1 year of waiting. If it is re-diagnosis and recurrent of Major Cancer, Heart Attack and Stroke, there will be a 24 months waiting period.

Comparison With AIA Power Critical Cover

Insurer AIA Power Critical Cover AXA Super CritiCare
Maximum Sum Assured $2,000,000 $3,000,000
Maximum Sum Claimable 700% 600%
Maximum Early Stage CI Payout $250, 000 $350, 000
Max Intermediate Stage CI Payout $350, 000 $350, 000
Max Advance Stage CI Payout 100% of Sum Assured 100% of Sum Assured
Juvenile Conditions
  • 5 Juvenile Conditions
  • 20% of the sum assured, capped at S$25,000
  • Maximum of 10 claims
  • 10 juvenile conditions
  • 10% of the sum assured, capped at S$25,000
  • Maximum of 3 claims
Special Conditions
  • 10 Special Conditions
  • 20% of the sum assured, capped at S$25,000
  • Maximum of 10 claims
  • 11 Special Conditions
  • 10% of the sum assured, capped at S$25,000
  • Maximum of 5 claims
Waiting Period for a Separate Early/ Intermediate CI Payout 12 Months 12 Months
Waiting Period from Early/ Intermediate to Advance Stage CI Payout 12 Months 12 Months
Waiting Period for Recurrent Cancer/Heart Attack/Stroke 2 years 2 years
Sum Assured Per Payout 100% of Sum Assured 100% of Sum Assured
Unique Feature Payout Pre-Early CI Coverage of 10% Sum Assured with Cap of 10,000 or 25,000 Claim Covers Recurrent Non Related Early/Intermediate

1. Cancer

2. Heart Attack

3. Stroke

With 24 months waiting period

Conclusion For AXA Super CritiCare Review

There are insurers that extend free coverage for the Coronavirus (2020) and AXA is one of them.  There exists many types of multiple payout for Critical Illness plans. If your concern is on a stand alone critical illness plan like that with no frills and competitive premium, AXA’s Super CritiCare is competitively priced with decent features good enough to cover you on multiple payouts for CI.

Simply fill in the form below and our friendly licensed FA advisor will get in touch with you on application process.

Alternatively, to find the most suitable coverage, if you just want to be sure to get the best plans based on your needs, a custom made solution will be adjusted only addressing your concerns.

No obligations, no hidden fees. All advice are of no charges.

 

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