Etiqa Essential Term Life Cover Review

Etiqa Essential Term Life Cover Review
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Last Updated on by Tree of Wealth

Etiqa’s Term Insurance come as a basic term plan coverage offering death, total permanent disability (TPD), terminal illness as well as critical illness (Advance stage) coverage.

It is a plain vanilla plan with a relatively competitive low cost should you be looking at just death, TPD, terminal illness and advance critical illness coverage.

The protection sum assured amount starts from $400, 000.

Features At a Glance for The Essential Term Life Cover

Policy Term Available

  • 5 years renewable term – with guaranteed renewability of every 5 years. Have the option to renew until 90 years old without showing health status
  • 10 years term until 86 years old – choose the number of years available with a year of interval)
  • Until 100 years old Coverage Term

Flexibility to Increase Sum Assured

  • Choose to increase your sum assured without showing good health status
  • Upon Life Milestone of:
    • Graduation from tertiary education
    • Changes in marital status
    • Purchase of a property
  • Birth or adoption of a child
  • You or your child’s enrolment into tertiary education

Source: Etiqa

Guaranteed Convertibility Benefit

Choose to convert this term insurance to any of Etiqa’s participating policy of endowment or whole life insurance coverage plan (Available upon conversion) without showing status of health.

Interested to learn more?

Fill in the form below and we will get back to you!

Supplementary Riders Available

Advanced CI (Critical Illness) rider

Pays out the basic sum assured (same as death) should any of the 36 advance stage critical illness were to be diagnosed.

Early CI (Critical Illness) Rider

Pays out the basic sum assured (same as death) should any of the 35 early and intermediate stage critical illness were to be diagnosed.

This rider also has a waiver function and will waive off future premiums for any remaining sum assured for critical illness if early or intermediate CI claims have been paid out.

Additionally, receive 12 months of monthly payouts upon advance stage of critical illness diagnosis.

The rider also covers 23 special conditions additionally.

Extra Disability Care rider

Pays out the basic sum assured (same as death) should total and permanent disability occurs on or before the policy anniversary of 86 years old.

Extra Secure Waiver Rider

Upon diagnosis of the 37 advance stage of critical illness before 86 years old or when the premium ends, future premiums will be waived off.

Term Insurance Female (Term 75 years old)

Aviva AIA Tokio Marine AXA China Taiping HSBC ETIQA NTUC Income

Coverage till

Age 75
Death & Total Permanent Disability (TPD)

$1,000,000

25 years old

$577.10 $805.00 $710.00 $691.20 $654.15 $618.00 $770.00 $969.15
30 years old $757.80 $973.00 $805.00 $833.60 $807.90 $790.00 $1,100.00

$1,119.20

35 years old $1,020.70 $1,316.00 $927.00 $1,140.40 $1,049.75 $972.00 $1,140.00

$1,499.90

Term Insurance Male (Term 75 years old)

Aviva AIA Tokio Marine AXA China Taiping HSBC Etiqa NTUC Income

Coverage till

Age 75

Death & Total Permanent Disability (TPD)

$1,000,000
25 years old $767.05 $1,078.00 $903.00 $971.20 $952.70 $838.00 $1,050.00

$1,419.20

30 years old $968.80 $1,351.00 $1,109.00 $1,192.00 $1,191.20 $1,033.00 $1,460.00

$1,730.70

35 years old $1,464.85 $1,953.00 $1,381.00 $1,688.80 $1,530.60 $1,321.00 $1,570.00

$2,192.20

Interested to learn more?

Fill in the form below and we will get back to you!

How Etiqa Essential Term Life Cover Works

How Etiqa Essential Term Life Cover Works
source: Etiqa
How Etiqa Essential Term Life Cover Works
source: Etiqa

 Conclusion for The Essential Term Life Cover

When choosing to get a term insurance, it is always good to look around and compare for the most suitable coverage tailored to your needs and concerns. Should you be concerned on getting the most comprehensive coverage, feel free to get in touch with us and our licensed advisor will get in touch with you.

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