Best Critical Illness Insurance Plans Singapore
We have said this and we will say it again, hospitalisation plans covers your bill, and the best critical illness insurance plans provides pay-out to replace your income and gives you the option to seek alternative treatment not covered by medical insurance.
Critical illness insurance is a life policy, there has been quite a few good ones in the market and over here in Moneyline.SG, we aim to bring you the best of its kind whether is it stand-alone single or multiple pay-out or it act as a rider to a whole life or term insurance policy.
We do the work so you don’t have to.
We select the 4 Best Critical Illness Insurance Plans base on 3 basic criteria:
- Pays out upon early, intermediate or advanced stage diagnosis
- Pays out 100% of sum assured upon any stage diagnosis
- Pays out additional amount upon special condition diagnosis
Here is our top 4 picks base on the following features
- Best critical illness insurance plan with single pay-out feature – Singlife Comprehensive Critical Illness
- Best critical illness insurance plan with multiple pay-out feature – Singlife Multipay Critical Illness
- Best critical illness insurance plan on a term insurance – HSBC Term Protector
- Best critical illness insurance plan on a whole life insurance – China Taiping i Secure Legacy II
Best Single Payout Critical Illness Insurance Plan
Singlife Comprehensive Critical Illness
The Singlife Comprehensive Critical Illness may be the best early stage stand alone term plan in the market. This plan is the only stand alone Early CI Term plan that covers Benign and Borderline Malignant Tumour, its a condition prior to early stage cancer where is claimable where a surgical excision to remove a tumour is required. The assured will also receive a lump-sum payout upon diagnosis of any one of the covered 132 conditions across various stages of Critical Illnesses and enjoy an additional payout upon diagnosis of any of the covered 27 special conditions.
What we like about Singlife Comprehensive Critical Illness
- Coverage term can be customized from 10 years to terms up to age 99
- Covers 132 early stage, intermediate stage & advance stage ci, 27 special conditions
- Payout 20% of sum assured up to $25,000 upon the need to surgically excised Benign and Borderline Malignant Tumor
- Up to $25,000 additional sum assured claimable for ICU stay
- Plain Vanilla, straight forward early stage critical illness plan.
Not suitable for
- Those who wants cash value
- Those who wants a limited pay premium term
- Those who wants high death coverage (Max $5,000)
- Those who wants multiple pay-out benefits
Best Multiple Payout Critical Illness Insurance Plan
Singlife Multipay Critical Illness
The Singlife Multipay Critical Illness is the latest in a series of great Multiple claim critical illness plan being released by Singlife over the past years. This time, Singlife does it again with another revolutionary CI product. In this standalone & term attachable multi-pay critical illness plan, Singlife wasn’t looking to match their predecessor in terms of features. Here is how rich in benefit the plan can be and why is it the best multiple pay-out critical illness plan in town.
What we like about Singlife Multipay Critical Illness
- No waiting period between early to advance stage critical illness diagnosis to claim 300% Sum Assured within the same or a different advance stage CI
- Coverage term can be customized from 10 years to terms up to age 99
- Option to claim up to 400% in the event of common advance stage ci diagnosis with no waiting period by exercising Advance care option
- More number of conditions covered (165) as compared to the older plan (129)
- Higher number of total pay-out (up to 900% Sum Assured excluding special conditions claim)
- Up to $25,000 additional sum assured claimable for Pre Early Cancer Benefit & ICU stay
- No more pots grouping for different Early/Intermediate CI Claim
- One more 300% SA claim for another Advance Stage CI with 1 year waiting period
- Premium waived upon 300% sum assured claimed
Not suitable for
- Those who wants cash value
- Those who wants a limited pay premium term
- Those above age 60
- Those who wants high death coverage (Max $5,000)
Best Critical Illness Insurance Plan Pricing
HSBC Term Protector with Early Critical Illness Payout
The HSBC Term Protector is a comprehensive term insurance plan that offers attachable riders, including Critical Illness coverage. One of the key advantages of selecting this plan is its highly competitive premium pricing, especially when riders are added. Currently, policyholders can take advantage of a 40% permanent discount on both the base plan and Critical Illness riders, and a 20% perpetual discount on the Early Critical Illness rider. This makes the HSBC Term Protector with Early Critical Illness rider more cost-effective than purchasing a standalone Early Critical Illness plan. You will be pleasantly surprised to find that the premium for this coverage is incredibly affordable.
What we like about HSBC Term Protector
- Up to 16 attachable riders on this plan including any of the 4 CI riders
- Term-to-age coverage term: Option to be covered up to age 50, 55, 60, 65, 70, 75 or 99.
- Choose to pay a limited term of 15 or 20 years for Term-to-age coverage term
- Renewable coverage term: Option to pay for as long as your protection lasts for your selected coverage period of 5, 10, 15, 20, 25, or 30 years. Lump sum payment eligible for a coverage period of 5, 10 or 15 years
- Covers 38 early stage, 34 intermediate stage & 40 advance stage ci, 10 juvenile conditions & 11 special conditions
- Option to select high death coverage
Not suitable for
- Those who wants cash value
- Those above age 70
- Those who wants to have limited premium term (will not be able to add early ci rider)
Best Critical Illness Insurance Plan on Whole Life Insurance
China Taiping i Secure Legacy II
China Taiping’s i-Secure Legacy II Whole Life Insurance Plan is a top-notch offering for individuals looking for comprehensive critical illness coverage. With a total of 161 covered conditions, including early stage, intermediate stage, and advanced stage critical illnesses, as well as special and juvenile conditions, this plan provides unparalleled coverage in the market.
In addition to its critical illness coverage, China Taiping offers lifetime Total and Permanent Disability coverage, allowing policyholders to fully secure their future. Furthermore, the plan provides the option to enhance coverage through riders until the age of 76 or 86, yet being extremely affordable.
An innovative new feature of i-Secure Legacy II is the Lifetime Multiplier Benefit, which allows policyholders to continue enjoying a partially reduced multiplier benefit of 50% even after the age of 76 or 86. This gradual reduction ensures that policyholders will receive a consistent level of coverage over time.
If you’re looking for a comprehensive whole life insurance plan with critical illness coverage, China Taiping’s i-Secure Legacy II is a strong contender and is worth considering.”
What we like about China Taiping i Secure Legacy II
- Multiplier Factor of 2, 3, 4, 5x: This allows policyholders to potentially increase their coverage over time.
- Lifetime Total and Permanent Disability Coverage: This provides comprehensive protection for policyholders, ensuring their future is fully secure.
- Longest Multiplier Benefit in the Market: Policyholders can enjoy the multiplier benefit until the age of 76 or 86, the longest coverage term in the market.
- Lifetime Guaranteed Multiplier Benefit: After the multiplier age of 76 or 86, policyholders can still enjoy a 50% guaranteed multiplied benefit for life, or the basic sum assured plus bonuses.
- Flexible Premium Payment Terms: Policyholders can choose a premium payment term of 5, 10, 15, 20, or 25 years to best fit their needs.
- Comprehensive Critical Illness Coverage: With coverage for a total of 161 conditions, including early stage, intermediate stage, and advanced stage critical illnesses, as well as special and juvenile conditions, policyholders can feel secure knowing they are fully protected.
Not suitable for
- Those who wants multiple ci payout benefits
- Plain vanilla Ci Coverage with no cash value
- Those above age 65
Once again, we have done the homework to filter out the best critical illness insurance plans in the market base on different life insurance categories.
Get Your Best Critical Illness Insurance Proposal Here
Our planner will draft their proposals based on your given input. Your information and details will only be used for communication with you.
All comparisons done are solely based on your individual needs.
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