Last Updated on by Tree of Wealth
This plan has been withdrawn. Have a read here to find out the best Early and Multiple pay Critical Illness Plan!
Singlife has a few Critical Illness (CI) plans that are relatively new to the market, and some interesting features to cater to the changing crowd.
Together, they provide financial protection from early to advance critical illnesses be it single or multiple pay out times.
Singlife’s CI plans are also one of the most competitive in the market.
The Step-Up Critical Illness Plan is the first in the market to increase coverage as the person ages and reach different life stages. It will start out being more affordable (premium and coverage) and increase throughout the years. This is to address to younger crowd as they are just starting out in life.
Choose from 3 basic plans of Critical Illness Plan, Multi-Claim Critical Illness Plan and Step-Up Critical Illness Plan (All without early stage).
Then add on Early Care Rider to include coverage of CI from early stage.
Finally complete it with Cancer Care Rider, Critical Care Rider and Special Benefit Rider.
Very customizable. But chances are you need an advisor to inform and educate what are they and how should you go about customizing your coverage.
Product Features and Benefits – How The 3 Modes Work
How the Usual CI Plan Works
How Multi-Claim Plan Works
A total of up to 300% of sum assured can be claimed
How Step-Up Critical Illness Plan Works
The initial sum assured of $100, 000
Sum assured and premiums will increase by 5% after the end of each policy year, for the first 10 years.
What We Like About The Plan
- Able to choose the individual components to “customise” your coverage
- Step-up critical illness matches the younger crowd’s budget and flexibility that as they grow older, higher sum assured is needed.
What We Don’t Like About The Plan
- Multiple payouts not competitive at all
- Mix and match of base plan, riders and boosting supplementary benefits are all too confusing to understand.
How much critical illness cover do I need in Singapore?
There are many types of critical illness plans. From single pay-out early-stage critical illness plans to recurrent multi-payout critical illness plans, there are many types in Singapore.
Contact us below today to see how much cover you require and learn more about the importance of critical illness insurance.
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