Skip to main content

AXA - Early Payout Living Enhancer

AXA has recently launched a new Critical Illness protection plan similar to Great Eastern's Early Payout CriticalCare plan. AXA's Early Payout Living Enhancer offers the following:

1. Expedited payout at early stages of critical illness, so you will not need to dip into your savings to pay for early medical treatment.

2. Extensive coverage of up to 60 medical conditions, which supplements your existing critical illness plans.

3. Exemption of waiting period between multiple claims so you are well protected in the event of multiple critical illnesses, up to 100% of the Sum Assured.

4. Extra death benefit of S$15,000 to help defray the immediate living expenses of your loved ones.

Comments

Popular posts from this blog

Manulife's Life Protector Plus

Manulife has a participating whole life policy called Life Protector Plus that is designed to provide high coverage at affordable premiums. For a male non-smoker age 27, coverage of $240K can be obtained at a monthly premium of $194. How it provides such a high coverage is with something called the Minimum Death Benefit (MDB) factor that depends on the entry age of the policy holder. Each band of entry age has a different MDB factor. Age 0 to 30 = 2.4 Age 31 to 35 = 2.15 Age 36 to 40 = 1.90 Age 41 to 45 = 1.65 Age 46 to 50 = 1.40 Age 51 to 55 = 1.20 So the basic sum insured for a guy age 27 is actually 100K but due to the MDB factor of 2.4, his coverage is increased till $240K until he is age 65. Thereafter, the MDB factor drops to 1.0 Do note that with any surrender of reversionary bonus or coversion of policy to reduce paid up, the MDB factor will drop to 1.0 This MDB factor also applies to the Critical Care Enhancer Rider (for critcial illness) up to age 65 too.

AIA Signature - Protection for the priviliged few

I received a letter from AIA recently. It reads: In appreciation for your continued loyalty and support, we'd like to extend an exclusive invitation to you to apply for our first premier accident plan - AIA Signature. The AIA Signature plan offers you our highest level of accident protection, with coverage up to $500,000. The invitation is for a select group of priority AIA policyholders, of which you are one. Available for a limited time, this exclusive offer is valid from 15 Oct 09 to 28 Nov 09 and is strictly by invitation only. With AIA Signature, you can enjoy: A high coverage amount of up to $500,000 for Accidental Death, Dismemberment and Permanent and Total Disability Accidental Medical Reimbursement of up to $2000 Premiums do not increase with age And the above coverage is yours at only $400 until age 75. No health questions ask and no medical examination is required. I am not too sure what is so special about this accident plan because accident plans normally do not requi...

Great Eastern - Early Payout CriticalCare

Early Payout Critical Care from Great Eastern can be purchased as a standalone critical illness plan or as a rider to one of their plans. Some of the key features of the Early Payout Critical Care are as follows: 1. Standalone plan or rider with varying terms (6 years till age 75). Entry age is 1 to 65. 2. Able to opt from $50,000 to $1 million in coverage. 3. Early payout is based on differing severity levels for the 30 critical illnesses which are grouped into 3 groups of Severity 25, Severity 50 and Severity 100. 4. There are limits to what can be claimed under Severity 25 and Severity 50. 5. Possible for multiple claims across unrelated illnesses without any waiting period The advantages of the Early Payout Critical Care introduced by Great Eastern are as follows: 1. First plan in Singapore to offer payouts at earlier stages of cancer. 2. Multiple lump sum payouts at different stages of the same critical illness or across different critical illness. 3. No minimum waiting period bet...