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.

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

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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.

Other Features of a Critical Illness Insurance Plan

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.

Sample Premiums

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

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

Insurer	Male Annual Premium	Female 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

Insurer	Male Annual Premium	Female 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

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.

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.

Frequently Asked Questions

What are Critical Illness Insurance Plan?

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.

What is the Difference Between Critical Illness and Early Stage Critical Illness?

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.

Do I need Critical Illness that Covers for Early Stage?

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.

What is a Multiple Claims Critical Illness Coverage and Why is it Important?

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.

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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.

Why Get Critical illness insurance plan?

Multiple Claim

Choice of Time

Early, Intermediate, Advance Stage

Stand Alone

Compare and Get Quotes from Different Critical Illness Insurance Providers

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

Critical Illness Insurance

Other Features of a Critical Illness Insurance Plan

Sample Premiums

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

Multiclaim Critical Illness Insurance Premium 30 Years Old Non-Smoker

What Should You Look Out For When Buying A 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.

Get Critical Illness Insurance Quotes

Frequently Asked Questions

What are Critical Illness Insurance Plan?

What is the Difference Between Critical Illness and Early Stage Critical Illness?

Are the Premiums for Critical Illness Insurance Guaranteed Throughout?

Do I need Critical Illness that Covers for Early Stage?

What is a Multiple Claims Critical Illness Coverage and Why is it Important?

If I Have a Health Insurance Policy, Do I Need Critical Illness Coverage?

How Much Critical Illness Insurance Coverage Should I Get?

How Do I Get the Best Critical Illness Insurance Plan in Singapore?

Latest Articles Related to Critical Illness Insurance

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