Critical illness coverage in general is not designed to benefit your family much if you do die of cancer. If you are diagnosed with cancer, you will be paid for all expenses, but if you die, you won’t get any extra amount. Treating serious illnesses tends to be much longer and more expensive than other medical expenses and can cause a financial loss if you have a dependency.
Critical illness plan payments not only cover medical costs but also provide you and your dependents with additional financial support, similar to life insurance policies. . Critical illness insurance covers more than 35 serious illnesses listed by the Japan Life Insurance Association, including major cancers, heart attacks, kidney failure, and stroke. Some serious illness plans are for specific diseases only. Some plans only cover the diagnosis of advanced stages, while others cover the early stages of the disease.
Here are some descriptions of critical illness insurance plans to let you choose the best critical illness insurance Singapore plan.
Critical Illness Protect360 of HLAS
With Critical Illness Protect360 of HLAS you can get higher coverage which is up to $2 million for all 37 critical illnesses including heart attack, late stage cancers and stroke. It also includes high personal accident coverage which is up to $2 million. In addition, this policy includes annual health screening and paying the cost for medical second opinion. And, this is the reason why it is considered as a must-have coverage for critical illness.
Cancer Insurance of FWD
You will be paid all expenses if you choose the critical insurance plan of FWD. The final sum you can get up to $200, 000 which is more than enough for most cancer cases. The only problem is the cancer insurance only provides insurance cover for cancer patients. If you want to get cover for other major illnesses like heart attack, then you can choose another critical illness option. The insurance also provides a $5000 death benefit and cover early to late stage.
Early Critical Illness Insurance Plan from Aviva
Early Critical Illness Plan from Aviva will cover you $250,000. Not only that, the illness insurance plan will provide you cover for more than 50 critical illnesses. Hence, you can choose this plan if you want more extensive cover. Normally most of the illness insurance plans provide cover up to 37 critical insurance. Maybe that’s why the Early Critical Illness Plan from Aviva is one of the best maid insurance Singapore. The policy term can be extended to 99 years of age.
Critical Illness Insurance Plan from PruTriplet
The best part of the Critical Illness Plan from PruTriplet that you will get cover up to $3,000,000. Well, the benefits are not limited here. You will also get 1 year of post-hospitalization benefits. Moreover, you can claim for multiple illnesses. However, you may not be insured in the early stages of illnesses with the Critical Illness Insurance Plan from PruTriplet. For this, you need to opt for an early protector rider. The maximum annual coverage with Critical Illness Insurance Plan from PruTriplet is $ 1,2000,000 and you will also get six months of pre-hospitalization benefits.
Critical Care Advantages from Great Eastern
Critical Care Advantages from Great Eastern will ensure you with the care of the most common critical 37 types of illness. In the early stages, you will get up to $100,000. Not only that, if you reach a severe critical stage, you will get cover up to $ 3 million. As mentioned earlier, in the early stage of cancer you will get up to $100,000. On the other hand, before reaching a critical stage i.e. in the intermediate stages you will get the same amount and get up to $250,000 in the critical stages. The good news is if you will make a successful claim in the intermediate and early stage, you don’t need to pay premiums and you can continuously get Critical Care Advantages from Great Eastern.
Critical Cover Value from AIA Power
The company includes a very long list of diseases, one of the longest on the market, including major cancers, kidney failure, and heart attack. Many of these terms, including all of the above, are subject to early, medium, and primary payment stages. Coverage will be restored a year after each claim. You can receive up to five times your compensation through multiple claims. Not only that in case of re-diagnosis, but you will also get two times of your compensation from Critical Cover Value from AIA Power.
Income Silver Protection from NTUC
It is a term life insurance program that protects people over five decades of age from early and late-stage cancer. The way it works is that you get the full premium when you are diagnosed with end-stage cancer and one-fourth when you are diagnosed with early-stage cancer. People diagnosed with end-stage cancer receive up to 15% of the premiums for palliative care and hospice.
Early Care Plan from Tokio Marine
Early Care Plan from Tokio Marine provides coverage of more than $ 300,000 for early and medium-term illnesses on the list and coverage for more than 30 types of serious illnesses. Kidney failure, major cancer, stroke, and heart attack are on the list of these serious illnesses. Out of 36 diseases, 31 diseases are covered in all three stages.
Well, then which one is the best critical illness insurance in Singapore for 2021? The answer is the one which suits you best. Some people want extensive cover amount and other people want more and more diseases to cover. There is critical illness insurance in Singapore for every type of need. You will get critical illness insurance in Singapore for post-illness care also. Hence, you need to choose which one is the best critical illness insurance in Singapore for 2021. I Hope, you have got some quality information from the post.
Premiums for serious illnesses start at a reasonable price but usually increase with age. The older you get, the more likely you are to become seriously ill, and having this ability insured would be very expensive. Medical insurance allows you to claim actual medical expenses incurred, but critical illness insurance offers a one-off payment at the time of diagnosis. This means that the insurance company will pay when the policyholder is diagnosed with cancer. It does not depend on your medical expenses. In addition to high medical costs, another important expense is the loss of income. Most people quit their jobs when they recover, which can take years. If you have dependents, you can reduce your financial burden by purchasing critical illness insurance.