Aviva My MultiPay Critical Illness Plan IV Review

The complete Pros and Cons on Aviva My MultiPay Critical Illness Plan IV

Aviva MyMultiPay Critical Illness Plan IV is a competitive early critical illness plan with claims payable for all stages of critical illnesses. This early critical illness plan from Aviva also has the highest multiple payout features at 900% of your sum assured.

Aviva My MultiPay Critical Illness Plan IV product details

Aviva MyMultiPay Critical Illness Plan IV is featured for multiple insurance claim benefits in our 5 Best Early Critical Illness Plans in Singapore (2020 Edition)

  • Non-participating policy – Term policy
  • Provides you with up to 5 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
  • Coverage
    • You are covered against CIs in all stages as well as recurrent CIs 900% of the chosen Sum Assured
  • NEW! Advance Care Option
    • Option to receive an additional 100% of the Sum Assured when receiving your claims for a Severe Stage CI. This will overturn the re-diagnosis benefits.
  • NEW!Special Benefit
    • Receive an additional 20% of the Sum Assured upon diagnosis of any one of 27 conditions covered such as diabetes
      • Claim up to 6 times for different medical conditions covered under the Special Benefit
  • NEW!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).
  • NEW!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
  • 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 and HKD
  • Premium Waiver Benefit
    • Have all your future premiums waived upon diagnosis of Severe Stage CI

 

Read AboutTerm Policy: How does it work?

Read About3 things to consider before taking up a new financial product


Features of Aviva My MultiPay Critical Illness Plan IV 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 Aviva website. Alternatively, fill-up the form below and let us advise accordingly.

Read Also: No budget for financial planning?


Aviva My MultiPay Critical Illness Plan IV may be suitable if you are looking for

Aviva My MultiPay Critical Illness Plan IV may potentially be a good fit if the following matters to you:

  • High insurance coverage for Early Critical Illness and Critical Illness
  • Lower initial premium compared to other types of insurance policies
  • Looking to boost insurance coverage or fill shortfalls in an insurance portfolio

Aviva My MultiPay Critical Illness Plan IV 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 Aviva My MultiPay Critical Illness Plan IV

  • How is Aviva or Aviva My MultiPay Critical Illness Plan IV payout and claims based on past track record?
  • How does Aviva My MultiPay Critical Illness Plan IV compare with Term policy from other insurance companies?
  • Can Aviva My MultiPay Critical Illness Plan IV fulfil my financial, insurance, health and protection needs?

The above information may not fully highlight all the product details and features on Aviva My MultiPay Critical Illness Plan IV. Talk to us or seek advice from a financial adviser before making any decision about Aviva My MultiPay Critical Illness Plan IV.

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


Is Aviva My MultiPay Critical Illness Plan IV suitable for me?

Contact InterestGuru using the form below. Our panel of Independent financial planners 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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Before you go...
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