Best Critical Illness Insurance Plans Singapore

We have said this and we will say it again, hospitalization 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

1. Best critical illness insurance plan with single pay-out feature – China Taiping i-Care
2. Best critical illness insurance plan with multiple pay-out feature – Singlife Multipay Critical Illness
3. Best critical illness insurance plan on a term insurance – HSBC Term Protector
4. Best critical illness insurance plan on a whole life insurance – FWD Life Protection

Best Single Payout Critical Illness Insurance Plan

China Taiping I-Care

What we like about China Taiping i-Care

• Coverage term till age 75/85 & 99
• Covers 137 early stage, intermediate stage, advance stage ci and special conditions
• Payout 20% of sum assured up to $25,000 upon the need to surgically excised Benign and Borderline Malignant Tumor
• Choice of 100,000/200,000/300,000 sum assure that includes Death & All Stages of CI
• Plain Vanilla, straight forward early stage critical illness plan, cheapest in the market

Not suitable for

• Those who wants cash value
• Those who wants a limited pay premium term
• 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

FWD Life Protection

FWD Life Protection is the best whole life plan for critical illness coverage with it’s early stage ci rider offering a comprehensive and flexible life protection solution with several key benefits. It provides extensive critical illness (CI) coverage through various riders, including pre-early cancer, early (43 conditions) /intermediate (39 conditions)/ advance stage CI (60 conditions), premium waivers, juvenile illness (17 conditions) and special benefits (15 conditions). The plan allows for enhanced coverage up to five times the initial amount until ages 75 or 85, with a gradual reduction thereafter, ensuring substantial long-term protection. For retirement, policyholders can convert up to 80% of the policy’s surrender value into an annual income stream from age 55. The plan also offers flexibility in premium terms, a 12-month premium waiver in case of job loss, and the ability to adjust coverage during significant life milestones without additional health checks. Additional services include medicine delivery, discounted healthcare rates, family coverage, 24/7 teleconsultation, and highly competitive premiums, making it a robust choice for comprehensive life and health protection.

What we like about FWD Life Protection

• Multiplier Factor of 2, 3, 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.
• TPD Coverage is 2 out of 6 ADL from age 18 – 75 (Best in market)
• Longest Multiplier Benefit in the Market: Policyholders can enjoy the multiplier benefit until the age of 75 or 85, the longest coverage term in the market.
• Lifetime Guaranteed Multiplier Benefit: After the multiplier age of 75 or 85, 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 175 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.
• Premium waiver of 12 months premium upon retrenchment
• Premium deferment of up to 12 months
• Retirement Benefits can be Exercised from age 55 onwards for 10 years or till age 100

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.