Etiqa DIRECT Term Life Review
The complete Pros and Cons on Etiqa DIRECT Term Life
Etiqa DIRECT Term Life has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.
Etiqa DIRECT term life product details
- Non-participating policy – Term policy
- Issuance age from 19 to 65 years old
- Provides you with the same amount of coverage throughout the policy duration
- Receive a guaranteed lump sum of money if death, total and permanent disability (up to age 65) or terminal illness occurs within the policy duration
- Choose your protection level between $50,000 to $400,000
- 3 choices of plan duration – 5 years (renewable), 20 years or up to age 65
Read About: Term Policy: How does it work?
Read About: 3 things to consider before taking up a new financial product
Features of Etiqa DIRECT term life at a glance
Cash and Cash Withdrawal Benefits
Cash value: No
Cash withdrawal benefits: No
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
DIRECT – Etiqa CI rider
Additional Features and Benefits
Yes.
Read Also: No budget for financial planning?
Etiqa DIRECT term life may be suitable if you are looking for
Etiqa DIRECT term life may potentially be a good fit if the following matters to you:
- High Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- High insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Lower initial premium compared to other types of insurance policies
- Looking to boost insurance coverage or fill shortfall in insurance portfolio
Etiqa DIRECT term life may not suitable if you are looking for
Etiqa DIRECT term life may potentially be a bad fit if the following matters to you:
- Long-term cash accumulation
- Regular cash payout
- A one-time premium commitment with no further cash commitment
- Insurance policy with a surrender value.
Further considerations on Etiqa DIRECT term life
- How is Etiqa or Etiqa DIRECT term life payout and claims based on past track record?
- How does Etiqa DIRECT term life compare with Term policy from other insurance companies?
- Can Etiqa DIRECT term life fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Etiqa DIRECT term life. Talk to us or seek advice from a financial adviser before making any decision about Etiqa DIRECT term life.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is Etiqa DIRECT term life suitable for me?
Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.
All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.
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