Singlife Multipay Critical Illness II Review

Singlife Multipay Critical Illness II (previously known as Aviva My MultiPay Critical Illness Plan IV) is a competitive multiple payout plan that covers critical illness across different stages, so you are financially supported through life’s unexpected turns.

Singlife Multipay Critical Illness II product details

Singlife Multipay Critical Illness II is featured for multiple insurance claim benefits in our 3 Best Critical Illness Plans in Singapore (Updated)

• Non-participating policy – Term policy
• Get protected for 135 conditions across early, intermediate and severe stages of critical illnesses
• Provides you with up to 8 lump sum payouts upon diagnosis of Critical Illnesses (CI) across Early, Intermediate, or Severe Stages including up to two payouts if re-diagnosed with cancer
• Multipay Critical Illness Insurance Coverage
  • You are covered 900% of the Sum Assured against CIs in all stages as well as recurrent CIs
    • 600% Early to Advance Stage CI
    • 300% Recurrent CI
• Advance Care Option
  • Option to receive an additional 75% of the Sum Assured when receiving your claims for a Severe Stage CI. This will terminate the re-diagnosis benefits.
• Special Benefit
  • Receive an additional 20% of the Sum Assured upon diagnosis of any one of the 34 conditions covered
• Benign and Borderline Malignant Tumour Benefit
  • An additional payout of up to 20% of the Critical Illness Benefit sum assured (up to $25,000) upon a completed surgical removal of a benign tumor (suspected malignancy).
• Intensive Care Benefit
  • An additional payout of up to 20% of the Critical Illness Benefit sum assured (up to $25,000) if you were admitted to and stayed in an Intensive Care Unit (ICU) for 4 days or more
• Death Benefit
  • A lump-sum payout of $5,000 upon the death of the life insured will be paid out to the deceased’s family
• Coverage Term
  • You can choose to be covered from 10 years to 99 years old
• Flexibility of Currency
  • You can choose to pay in SGD, USD, GBP, EUR, AUD or HKD
• Premium Waiver Benefit
  • Have all your future premiums waived upon diagnosis of Severe Stage CI
    
    

Read About: Do I really need an insurance plan when I am still healthy

Read About: How much does it cost for healthcare in Singapore

Features of Singlife Multipay Critical Illness II at a glance

Cash and Cash Withdrawal Benefits
Cash value: No
Cash withdrawal benefits: No

Health and Insurance Coverage
Death: Yes
Total Permanent Disability: No
Terminal Illness: Yes
Critical Illness: Yes
Early Critical Illness: Yes

Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: Yes
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: How pre-exisiting medical conditions can affect your insurance application

Singlife Multipay Critical Illness II may be suitable if you are looking for

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

• High insurance coverage for Early Critical Illness and Critical Illness
• High insurance coverage against multiple claims of Critical Illness of all stage
• High insurance coverage against recurrent severe Critical Illness
• Lower initial premium compared to other types of insurance policies
• Looking to boost insurance coverage or fill shortfalls in an insurance portfolio
  
  

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

Singlife Multipay Critical Illness II 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 Multipay II Critical Illness

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

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

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

Is Singlife Multipay Critical Illness II suitable for me?