Critical Illness coverage (CI)

[winthony]

Broke hahah.

How that works?

Haha if your desired base sum assured is 100k, you split 50k 50k to both companies lor

 

[boredboiboi]

Broke hahah.

How that works?

Split the cover and buy 2 plans

But subject to the min coverage for base. If base 50k. Then cant for aviva and aviva base min is 50k

 

[fantastyy]

countdown 2 weeks till ci def changes , last minute cfm all chiong to buy https://blog.policypal.com/insurance/critical-illness/breaking-down-the-age-old-dilemma-do-i-need-critical-illness-coverage/

 

[boredboiboi]

countdown 2 weeks till ci def changes , last minute cfm all chiong to buy https://blog.policypal.com/insurance/critical-illness/breaking-down-the-age-old-dilemma-do-i-need-critical-illness-coverage/

A few insurers changes this week already

 

[bossjiaksai]

ANB 28, male non smoker

Can quote till 75

1m death tpd, 500k CI
1m death tpd, 300k CI
500k death tpd, 300k CI, 200k ECI
500k death tpd, 250k CI, 250k ECI

200k death tpd, 100k Multi pay CI

 

[boredboiboi]

ANB 28, male non smoker

Can quote till 75

1m death tpd, 500k CI
1m death tpd, 300k CI
500k death tpd, 300k CI, 200k ECI
500k death tpd, 250k CI, 250k ECI

200k death tpd, 100k Multi pay CI

Ok. Will quote and update soon

Company A

1) 1m death tpd, 500k CI - $1875.75/year (premium is before 20% perpetual discount)
2) 1m death tpd, 300k CI - $1540.80/year (premium is before 20% perpetual discount)
3) 500k death tpd, 300k CI, 200k ECI - $3241.80/year
4) 500k death tpd, 250k CI, 250k ECI - $3674.50/year
5) 200k death tpd, 100k Multi pay CI - $1607.20/year

Company T
1) 1m death tpd, 500k CI - $1784/year
2) 1m death tpd, 300k CI - $1486/year
3) 500k death tpd, 300k CI, 200k ECI - $2374.50/year
4) 500k death tpd, 250k CI, 250k ECI - $2626/year
5) 200k death tpd, 100k Multi pay CI - not available for multipay as rider

Company X
1) 1m death tpd, 500k CI - $2076/year
2) 1m death tpd, 300k CI - $1687.20/year
3) 500k death tpd, 300k CI, 200k ECI - $ 1957.20/year
4) 500k death tpd, 250k CI, 250k ECI - $2034/year
5) 200k death tpd, 100k Multi pay CI $1331.56/year

 

[winthony]

ANB 28, male non smoker

Can quote till 75

1m death tpd, 500k CI
1m death tpd, 300k CI
500k death tpd, 300k CI, 200k ECI
500k death tpd, 250k CI, 250k ECI

200k death tpd, 100k Multi pay CI

Hello!

Sure!


1m death tpd, 500k CI - $1875.75/annually (before 20% perpetual discount)
1m death tpd, 300k CI - $1540.80/annually (before 20% perpetual discount)
500k death tpd, 300k CI, 200k ECI (non-accelerated) - $3241.80
500k death tpd, 250k CI, 250k ECI (non-accelerated) - $3674.55
200k death tpd, 100k Multi pay CI - $1607.20

Chose this company only because they are the only one that allows Multipay CI rider to be added

 

[MaxZ123]

Yes.
Will quote for u soon for this 2
For me i usually use 5 times multiplier. Since u wan to use 4. Will use 4 for u.
I will base on the same as ntuc to quote for u

Pru not apple to apple compare actually. But to apple to apple compare i can do it for aviva till 65.
Aviva multiplier till 65 - $2095.25/year
Manulife and china taiping dont have till 65

The premium for ntuc is $2340.15/year

For aviva is slightly higher for till 70 $2475.25/year

Manulife till 70 $2335.35/year
And got 15% discount for first year

thanks for the quote.
I am given a quote by a Aviva Consultant for My MultiPay Critical Illness Plan III

Premium and policy term till till age 70
Premium 57.45 per month/689.4 per year
it is a multipay include CI and early CI that can claim up to 600% sum assured. Anyone has any opinion on this? thank you.

 

[boredboiboi]

thanks for the quote.
I am given a quote by a Aviva Consultant for My MultiPay Critical Illness Plan III

Premium and policy term till till age 70
Premium 57.45 per month/689.4 per year
it is a multipay include CI and early CI that can claim up to 600% sum assured. Anyone has any opinion on this? thank you.

You are most welcome.
Up to 600% but the last 300% not as easy as u may think.
My comparison and i bring out the con since u got the pro.
If early ci to another early ci, must be of different pot.
If u claim late ci once. U cant claim other eci except for the 3 conditions in layer 3 and 4 which is cancer, heart attack and stroke.

If you do not have any term or wholelife plan, and provided you have your hospital plan done up already.
I will not recommend a multipay plan 1st at all.

 

[MaxZ123]

You are most welcome.
Up to 600% but the last 300% not as easy as u may think.
My comparison and i bring out the con since u got the pro.
If early ci to another early ci, must be of different pot.
If u claim late ci once. U cant claim other eci except for the 3 conditions in layer 3 and 4 which is cancer, heart attack and stroke.

If you do not have any term or wholelife plan, and provided you have your hospital plan done up already.
I will not recommend a multipay plan 1st at all.

So far I found Multipay CI to be quite complicate.
I already have other term and wholelife plan but beside for death coverage, others still have shortfall in term of coverage. I hope to get total CI coverage of around $250K thus I hope to get a new CI plan + early CI plan that can cover me near $200K as I already have one old CI plan that cover $50K

 

[boredboiboi]

So far I found Multipay CI to be quite complicate.
I already have other term and wholelife plan but beside for death coverage, others still have shortfall in term of coverage. I hope to get total CI coverage of around $250K thus I hope to get a new CI plan + early CI plan that can cover me near $200K as I already have one old CI plan that cover $50K

Total ci coverage but u wan more of ci or eci? Multipay might not get what u need if u need more eci.

 

[MaxZ123]

Total ci coverage but u wan more of ci or eci? Multipay might not get what u need if u need more eci.

It's total CI coverage. But if I get the Multipay, my coverage will be lower than I want but if I increase its coverage from $50K to $100K and cover till age 70, the overall premium will be around the same as the whole life from NTUC and Prudential.

 

[xchampsx]

ANB 27 Male non-smoker, Looking to get standalone CI plan
Can someone quote me for
1) TokioMarine Earlycover, sum assured 1m till age 70
2) Great Eastern ReadyCompletecare sum assured 250k till age 70/75

 

[boredboiboi]

It's total CI coverage. But if I get the Multipay, my coverage will be lower than I want but if I increase its coverage from $50K to $100K and cover till age 70, the overall premium will be around the same as the whole life from NTUC and Prudential.

Which a wholelife plan might be a better option plus its limited pay. And premium can be lower for aviva or manulife for wholelife vs pru and ntuc

 

[boredboiboi]

ANB 27 Male non-smoker, Looking to get standalone CI plan
Can someone quote me for
1) TokioMarine Earlycover, sum assured 1m till age 70
2) Great Eastern ReadyCompletecare sum assured 250k till age 70/75

1) $5480/year
2) no such plan, ready complete care is from manulife

 

[xchampsx]

1) $5480/year
2) no such plan, ready complete care is from manulife

Sorry mixed them up hahaha, was referring to Manulife instead. don't need the cover me again thingy

 

[boredboiboi]

Sorry mixed them up hahaha, was referring to Manulife instead. don't need the cover me again thingy

Only have till age 75 , without cover me again - $2,211.00/year

 

[micgoh]

Hospitalization no changes right?

 

[MaxZ123]

Hospitalization no changes right?

I think there is no change.

By the way, regarding CI/ECI coverage, is it better to get protected for whole life or till retirement age? After thinking through and understanding how Multi pay work, I am thinking of getting Aviva Multipay and paying premium and cover till age 70 rather than PruActive wholelife (which premium drop when reach age 70).

 

[winthony]

I think there is no change.

By the way, regarding CI/ECI coverage, is it better to get protected for whole life or till retirement age? After thinking through and understanding how Multi pay work, I am thinking of getting Aviva Multipay and paying premium and cover till age 70 rather than PruActive wholelife (which premium drop when reach age 70).

Its popular for people to cover to a certain age that they are comfortable with. No hard and fast rule about which is better or not, all boils down to personal preference!

There are people who wants coverage beyond retirement and for the whole of their life and there are people who wish to get coverage when they are still the support of the family and beyond that, they are fine without leaving anything behind or getting any payouts

Do you need a quotation on the Multipay?