
Best Critical Illness Insurance Plans Table of Contents
- Better safe than sorry when it comes to Critical Illness
- Important factors to take note of when looking for a multipay critical illness insurance plans
- Best Multipay Critical Illness Insurance Plan for Most Critical Illnesses Covered – Aviva My MultiPay Critical Illness Plan IV
- Best Multipay Critical Illness Insurance Plan for Additional Benefits – Manulife Ready CompleteCare
- Best Multipay Critical Illness Insurance Plan for Cheapest Premium – AXA Super CritiCare
- An alternative to multipay critical illness insurance plans: Whole life insurance plans
- An alternative to multipay critical illness insurance plans: Term life insurance plans
- Which multipay critical illness insurance plans are the most suitable for you
Better safe than sorry when it comes to Critical Illness
When it comes to the fight against critical illness, being prepared is half as important as living a healthy lifestyle, exercising, and eating the right things.
You never want to find yourself being caught off-guard and wrestling with a critical illness, even more so recurrent illnesses. You may have the best health condition to fight it but the damage it does has taken a toll on an uncountable number of unprepared people.
Major emotional health impacts and bodily stress asides, critical illnesses, or recurrent ones have been known to punch a major hole in the finances of those who fall sick and of their loved ones should they be inadequately prepared.
Therefore, when looking for a critical illness insurance plan, you should always look for one that allows you to make multiple claims against each diagnosis of early, intermediate, and advanced stage critical illness
That is why having a solid recurrent critical illness (CI) insurance plan A.K.A. multipay CI plans that pays you time and again for each time you fall sick with a critical illness is of utmost importance.
Some important factors to take note of when looking for a multipay critical illness insurance plans are:
- The amount of specified critical illness covered (early to advanced stage)
- The number of times it covers the first time and recurrent critical illness
- Additional special conditions covered
- Competitiveness in premiums for the coverage
Using the above key factors, we filtered these 3 plans to be the best multipay critical illness insurance plan in Singapore right now:
- Best multipay critical illness insurance plan for most critical illnesses covered – Aviva My MultiPay Critical Illness Plan IV
- Best multipay critical illness insurance plan for additional benefits – Manulife Ready CompleteCare
- Best multipay critical illness insurance plan for most affordability – AXA Super CritiCare
Read along as we dive into the individual multipay critical illness plans to find out what makes these the best in Singapore
Best Multipay Critical Illness Insurance Plan for Most Critical Illnesses Covered – Aviva My MultiPay Critical Illness Plan IV

Aviva My MultiPay Critical Illness Plan IV pays you up to 900% of the Sum Assured against 132 critical illnesses of all stages, the most out of the other plans compared here.
There is also an additional 20% of Sum Assured coverage against 11 juvenile conditions and 16 special conditions such as diabetic complications, Addison’s Disease, and Dengue Haemorrhagic Fever just to name a few.
Below is a graph of how My MultiPay Critical Illness Plan IV works:

Pros of Aviva My MultiPay Critical Illness Plan IV
- Covers the most number of critical illnesses of all stages
- You can make multiple claims up to 900% of the Sum Assured (600% for Early to Intermediate Stage critical illnesses, 300% for Advanced stage critical illnesses)
- Future premiums are waived when you successfully claim 300% of the Sum Assured
- Covers an additional 20% of the Sum Assured against 11 juvenile conditions (up till age 18) and 16 special conditions (up till age 85 or end of the policy, whichever first), up to S$25,000 per claim, 6 claims max
- Additional coverage of 20% of the Sum Assured upon a completed surgical removal of a benign tumor (suspected malignancy), up to S$25,000
- Receive 20% of the Sum Assured if you stay in the ICU for 4 days or more due to accident or illness, up to S$25,000
- Aviva will pay out S$5,000 should you pass on during the coverage term
Cons of Aviva My MultiPay Critical Illness Plan IV
- The policy is complicated and difficult to understand
- Low death benefit of S$5000
- 1-year waiting period for claims between early and intermediate critical illnesses
For the full product review, view here: Aviva My MultiPay Critical Illness Plan IV
Policy Illustration for Aviva My MultiPay Critical Illness Insurance Plan IV
Becky, age 30, purchased Aviva My MultiPay Critical Illness Plan IV up till age 70, to protect herself against the financial nightmare that might come with critical illnesses.
She pays a yearly premium of S$1175 to enjoy her coverage of up to S$900,000 (Sum Assured – S$100,000) against 132 critical illnesses of all stages.
Aviva My MultiPay Critical Illness Plan IV also covers her against 16 special conditions – 20% of Sum Assured, up to S$25,000 per claim, 6 claims max).
In the event that she goes through a completed surgical removal of a benign tumor or stays in the ICU for 4 days or more, she will receive 20% of Sum Assured (S$25,000 max).
Upon reaching age 70, Becky’s multipay critical illness plan will reach the end of the coverage term with a total of S$47,000 paid in premiums. There is no maturity value as a critical illness insurance plan is a term life plan and has no cash value, unlike whole life plans which hold surrender values.
Read also: What is a term life plan and when might you need one?
Best Multipay Critical Illness Insurance Plan for Additional Benefits – Manulife Ready CompleteCare

Next up, we have Manulife Ready CompleteCare filtered as the best multipay critical illness plan for additional benefits, that covers you up to 900% of the Sum Assured against 106 critical illnesses across all stages.
Manulife Ready CompleteCare also gives you a complimentary health check every 2 years which is transferrable to your partner or child who also gets to enjoy free critical illness coverage up till the age of 18.
Pros of Manulife Ready CompleteCare
- 100% of Sum Assured against critical illnesses of all stage as well as recurrent critical illness
- 200% of Sum Assured against a selected first-time diagnosis of advanced stage critical illness
- Covers you up to 900% of Sum Assured against 106 critical illnesses of all conditions
- Additional 20% of the Sum Assured coverage against 8 juvenile conditions and 10 special conditions, up to S$25,000 per claim, 6 claims max, only 1 claim per condition)
- Premiums are refunded if death occurs during the coverage term
- Complimentary critical illness coverage for your child (S$10,000 per child per claim, 2 children max)
- Complimentary health check every 2 years
Cons of Manulife Ready CompleteCare
- 12-month waiting period between each successful claim
- There are only 6 selected advance stage critical illness which the 200% claim cover
- Inflexible policy terms only allow you to choose a coverage term up till age 75 or 99
- Coverage for all stages of Alzheimer’s and dementia ceases at age 85
For the full product review, view Manulife Ready CompleteCare
Read also: What is a whole life plan and when might you need one?
Best Multipay Critical Illness Insurance Plan for Cheapest Premium – AXA Super CritiCare

The best multipay critical illness insurance plan with the lowest premiums is none other than AXA Super CritiCare. Choose to be covered against critical illnesses with maximum flexibility of coverage terms.
Receive 100% of the Sum Assured no matter the stage per successful claim. Claim up to 600% of the Sum Assured against 112 critical illnesses across all stages.
Pros of AXA Super CritiCare
- Lowest premiums amongst the other multipay critical illness plans here
- Covers you up to 600% of the Sum Assured against 112 critical illnesses of all stages
- Cover you 10% of Sum Assured (up to S$25,000 per claim) against 10 juvenile conditions (3 claims max) and 11 special conditions (5 claims max)
- Flexible policy terms of 5 to 30 years (5-year intervals) or up till age 50 to 75 (5-year intervals)
- Payout of S$10,000 in the event you pass away during the coverage term
- Complimentary 12-month diabetes care program should you be diagnosed with diabetes
Cons of AXA Super CritiCare
- 12 month waiting period between each successful claim
- 24 month waiting period for recurrent major heart attack, cancer stroke claim
For the full product review, view here: AXA Super CritiCare
Policy Illustration for AXA Super CritiCare ![Policy Illustration for AXA Super CritiCare]()
Kimberly, age 30, purchased AXA Super CritiCare up till age 70, to protect herself against the financial nightmare that might come with critical illnesses.
She pays a yearly premium of S$975 to enjoy her coverage of up to S$600,000 (Sum Assured – S$100,000) against 112 critical illnesses of all stages.
AXA Super CritiCare also covers her 10% of the Sum Assured (up to S$25,000 per claim) against 11 special conditions (5 claims max) such as Dengue Haemorrhagic Fever, Osteoporosis, and more.
Kimberly will also be given a complimentary 12-month diabetes care program should she be diagnosed with diabetes during the coverage term.
Upon reaching age 70, Kimberly’s multipay critical illness plan will reach the end of the coverage term with a total of S$39,000 paid in premiums. There is no maturity value as a critical illness insurance plan is a term life plan and has no cash value, unlike whole life plans which hold surrender values.
Read also: Term life vs Whole life, find out which is the best for your situation?
Read also: How can I accumulate a million dollar (Realistically)
An alternative to multipay critical illness insurance plans: Whole life insurance plans
A whole life insurance plan can give you financial coverage and help you accumulate cash value at the same time. Upon reaching age 70 or so when you no longer need financial protection, you can choose to surrender the policy and receive the policy cash value to spend as you wish. The surrender value may even be more than the premiums you had paid.
You heard it right. Unlike term life insurance plans that expires upon policy maturity with no cash value, a whole life insurance plan covers you AND grows your wealth at the same time!
A standard whole life plan covers you against Death and Terminal Illness but riders can be added on to receive coverage against:
- Total and Permanent Disability (till age 70 or more)
- Early Critical Illness
- Critical Illness and
- Recurring Critical Illnesses
Read about: 4 best whole life plans in Singapore to plan for the long term
An alternative to multipay critical illness insurance plans: Term life insurance plans
A term life insurance plan can also provide a high level of coverage for all your insurance coverage needs, for an affordable yearly premium. Your coverage amount can be customised based on your needs, including but not limited to the following:
- Death
- Total and Permanent Disability
- Critical Illness
- Early Critical Illness
Similar to a multipay critical illness plan, a term life plan also does not accumulate cash value over time. This means that the premium paid for the period of coverage is not recoverable if no claims were made from the term life plan.
Read about: 8 best term life plans in Singapore for term coverage
Which multipay critical illness insurance plans are the most suitable for you?
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Best Insurance Plans in Singapore
Note: All financial figures are based on close approximate and all non-guaranteed figures are based on the higher tier of 4.75% investment returns. The sample illustrations are for illustrative purposes only and is not a contract of insurance. Early surrendering or cashing out from a life insurance policy will certainly result in financial losses. In the event of doubt, always refer to the precise terms and conditions as specified in your policy contract. Seek the advice of a qualified financial professional or a licensed financial advisor before making any decision or financial commitment.
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