Singlife Essential Critical Illness Review

Whether you are in the pink of health or have an existing medical condition, Singlife Essential Critical Illness (previously known as Aviva MyCoreCI Plan II) gives you the critical illness coverage you deserve.

You can get protection even with existing medical conditions such as Type 2 Diabetes (Smoker or non-smoker), Pre-diabetes, and/or the 3 Highs (high blood pressure, high cholesterol, and high Body Mass Index)

Singlife Essential Critical Illness product details

• Non-participating policy – Term policy
• Lump-sum payout
  • Receive a lump-sum payout upon the diagnosis of the Critical Illnesses covered, Total and Permanent Disability, Terminal Illness, or Death
• Coverage Term
  • Choice of coverage term from 15 years up to 85 years old
• Additional lump-sum payout
  • Receive an additional 20% of the Sum Assured (up to $25,000) upon diagnosis of any of
    the 4 Diabetic Conditions covered
• Advanced lump-sum payout
  • Receive an early additional payout of 10% of the Sum Assured (up to $25,000) upon Angioplasty & Other Invasive Treatment For Coronary Artery
• No Claim Rewards
  • Get back 20% of your total premiums paid at the end of the policy term if no claim is made on any benefit during the policy term

Read About: Term Policy: How does it work?

Read Also: 3 things to consider before taking up a new financial product

Features of Singlife Essential Critical Illness 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: Yes
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

NA

Additional Features and Benefits

Yes.

For further information and details, refer to Singlife website. Alternatively, fill up the form below and let us advise accordingly.

Read Also: No budget for financial planning?

Singlife Essential Critical Illness may be suitable if you are looking for

Singlife Essential Critical Illness may potentially be a good fit if the following matters to you:

• If you have an existing medical condition and need to get more coverage against other illnesses
• High Health and Protection coverage
• High insurance coverage for Death or Terminal Illness
• High insurance coverage for Critical Illness or Total Permanent Disability
• Lower initial premium compared to other types of insurance policies
• Looking to boost insurance coverage or fill a shortfall in an insurance portfolio

Singlife Essential Critical Illness may not be suitable if you are looking for

Aviva My MultiPay Critical Illness Plan IV 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 Singlife Essential Critical Illness

• How is Singlife or Singlife Essential Critical Illness payout and claims based on past track record?
• How does Singlife Essential Critical Illness compare with Term policies from other insurance companies?
• Can Singlife Essential Critical Illness fulfill my financial, insurance, health, and protection needs?

The above information may not fully highlight all the product details and features of Singlife Essential Critical Illness. Talk to us or seek advice from a financial adviser before making any decision about Singlife Essential Critical Illness.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering taking up.

Read Also: The 8 Best Term Life Insurance Plan in Singapore

Is Singlife Essential Critical Illness 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.

*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.

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Before you go...

Singlife Essential Critical Illness may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.

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