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Compare Critical Illness Insurance in Singapore (2023)

Moneyline Singapore compares over 15 life insurance companies to get you the best critical illness insurance plan in Singapore.

Get covered for early/intermediate and advanced stage critical illnesses with a critical illness plan. Moneyline will help you compare critical illness insurance plans from a variety of insurance providers in order to find the plan that best suits your needs.

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Critical Illness Plan
Why Get Critical Illness Insurance Plan?
Compare Critical Illness Insurance Providers
Other Features
Sample Premiums
What Should You Look Out For
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Frequently Asked Questions
Latest Articles

Why Get Critical illness insurance plan?

Multiple Claim

Get continuously covered beyond your first diagnosis by choosing multi claim critical illness policies.

Choice of Time

Choose your preferred time period to be covered for. Cancel anytime without suffering a penalty.

Early, Intermediate, Advance Stage

Get covered for all stages of critical illnesses in one plan. Some insurers provide early critical illness insurance for specific illnesses.

Stand Alone

A stand-alone plan covers a specific cost or risk according to its own policies, that your term-life insurance doesn't. You do not have to attach this policy to another life plan.

Compare and Get Quotes from Different Critical Illness Insurance Providers

Health insurance covers your bill, critical illness insurance replaces your income.

Critical Illness Insurance

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Other Features of a Critical Illness Insurance Plan

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Premium Waiver

A premium waiver can be added or embedded in most multi-claim early critical illness insurance policies. This feature will waive off the remaining years’ premium in the event of the first critical illness claim and allow multiple subsequent claims for the remaining policy term.


Special Conditions

Early critical illness insurance policies will come with special benefits that cover adult or juvenile conditions like diabetic conditions or rheumatoid arthritis, which may or may not be a subset of critical illness. If you are diagnosed with such an illness, the severity of the condition will be assessed. Once this is complete, the insurance provider will pay out a percentage of the amount of critical illness sum that you have assured based on the result of the assessment. Such claims will not reduce the sum assured by the plan.

 

Pre-Early Stage Critical Illness Cover

Some companies provide early critical illness insurance as special coverage. This critical insurance plan allows the insurance policyholder to claim payment for the treatment for the diagnosis of a benign condition that may not be officially classified as a critical illness. The feature is usually a percentage paid out in addition to the total critical illness sum assured and will not reduce the total sum assured for the plan.

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Sample Premiums

Single Claim Critical Illness Insurance Premium 30 Years Old Non-Smoker

Permutation: 100,000 Sum Assured for Single Claim till age 75

InsurerMale Annual PremiumFemale Annual Premium
Singlife$936$921
Manulife$1,270$1,399
Tokio Marine$931$967

Multiclaim Critical Illness Insurance Premium 30 Years Old Non-Smoker

Permutation: 100,000 Sum Assured for Multi Claim till age 75

InsurerMale Annual PremiumFemale Annual Premium
AIA$1,999$2,011
Singlife$1,560$1,684
Manulife$1,543$1,630
HSBC Life$1,165$1,175
Tokio Marine$1,628$1,702
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What Should You Look Out For When Buying A Critical Illness Plan?

  • Certain insurance companies provide angioplasty coverage under the critical illness list and some insurers include it under special benefits. In both cases, you will only be able to claim a partial amount, especially if angioplasty is listed under the special benefit category. Claiming it does not reduce the total sum you are assured.
  • Understand that there is a limitation for the early-stage critical illness payout when you first claim – usually at a max sum assurance of SGD 350,000.
  • Premiums for critical illness are usually levelled but not guaranteed.
Critical Illness Plan

The Biggest Advantage of Getting a Critical Illness Plan is That It Provides Income Replacement Should You Be Diagnosed, and Lets You Seek Treatment Without Burdening Your Finances.

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Get Critical Illness Insurance Quotes

Our MAS-Licensed Partner will provide you with objective advice and help you compare insurance quotes from different providers. 100% Free & No Commitment. Retrieve your info using your Singpass app or manually fill in the form below.

Frequently Asked Questions

Most people know of critical illnesses such as cancers,  heart attacks, or  strokes. Critical illness plans in fact cover more than 30 other conditions and they can be an important part of financial risk management planning that’s standing between life and death. Adequate critical illness coverage will ensure your diagnosis can be treated while you are provided with a payout to provide for potential loss of income due to the inability to work upon diagnosis. There are officially 37 critical illness diagnoses defined by the Life Insurance Association which are covered by most insurers.

Early-stage critical illness insurance seeks to bridge the gap in the case where one is diagnosed with a critical illness but not at the “stage” where it can be covered by a normal critical illness plan. The sum assured of an early critical illness insurance plan can also be claimed in the event of certain medical procedures done, such as the removal of a kidney or a small bowel transplant.

All critical illness insurance premiums are not guaranteed, as future premium costs for such plans are subject to future claim experience.

With more advanced medical technologies these days and the higher possibility of early detection, having an early critical illness insurance plan will provide you with financial relief while you undergo treatments. The payout should be enough to let you take a break, seek alternative treatments, and allow you to spend more time with your loved ones should you get diagnosed with any critical illness.

Given the fact that there is a probability of recurrence, critical illness plans have evolved, and insurance companies in Singapore are now offering plans that address these concerns. Such plans provide continuous coverage for early-stage and advanced-stage CI should your condition persist, relapse or when another critical illness has been diagnosed.

A health insurance policy covers your bill whereas a critical illness policy will replace your income. Critical illness insurance provides an option for you to stop working and seek treatment, it may also provide you with the option to seek treatment that your health insurance policy may not cover.

One to two times of your income for early critical illness insurance and four to six times of your income for advanced-stage critical illness can be enough. We suggest you seek advice from our experts to get the best critical illness insurance coverage.

Click on ‘Get a quote’ and an expert and seasoned financial advisor will provide you with objective advice and get you quotes from different companies for you to compare. It is 100% free with no obligation on your end.

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