Your Guide To The Best Critical Illness Insurance In Singapore

There’s no better way to put it: healthcare in Singapore is expensive. When you’re diagnosed with a critical illness, it may mean you need to spend time off from your work. But even though you’re not earning, your medical bills and living expenses will continue piling up.

And when you finally recover from your sickness, it can be hard to get back on track when it comes to your financial security.

Thankfully, there’s one product that can save you from the major disadvantages of falling ill – critical illness insurance. But with tons of options available for you, it can be hard to assess which one best fits your unique needs.

To help you make the right choice, we’ve gathered the best critical illness insurance Singapore providers below.

Here At OMY, You Will Discover The Following:

What Is A Critical Illness Insurance Plan?

Best Critical Illness Insurance in Singapore

The best critical illness insurance Singapore gives you additional coverage for stroke, health disease, and cancer.

When you get sick, you may have to undergo surgeries, operations, and best rest until you’ve healed. This long recovery period means you will be unable to go to work or do day-to-day tasks which may lead to financial stress.

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The best critical insurance Singapore is geared to help you deal with this. A critical illness policy can involve a lump or partial sum that will be given to you, as well as additional benefits that will enable you to pay for medical care if you get diagnosed with a critical illness.

The benefits of critical illness insurance Singapore will ensure you can have peace of mind that you’re still protected even if you are suffering from a life-threatening condition.

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The Best Critical Illness Insurance Singapore This 2022

Here are our top choices for the best critical illness insurance Singapore providers. Don’t have time to reach each review? Take a look at this critical illness policy comparison Singapore below.

Best critical illness insurance Singapore Premium Highlights
HL Assurance Early Protect 360 Starts at S$0.35 per day (with promo code “SAVE3WITHEP” valid until 31 December 2022)
  • 30% acceleration payout for early diagnosis
  • Teleconsult
  • 3 months’ free coverage (with promo code “SAVE3WITHEP”)
FWD Big 3 Critical Illness Starts at S$18/month
  • S$50,000 to S$200,000 coverage
  • No medical examination needed
  • Guaranteed renewal up to 85 years old
Singlife MultiPay Critical Illness Starts at S$88 per month
  • Special payout for special conditions
  • Posthumous lump-sum for your family worth S$5,000
  • Option to access funds earlier
Tiq 3 Plus Critical Illness Starts at S$0.24 per day
  • S$20,000 death benefit + cover for up to 4 children of the policy holder
  • Additional 20% sum insured payout for special conditions
  • Up to 50% off premiums in the first 3 years (valid until further notice)
Great Family Care Critical Illness Family Insurance Starts at S$103/month
  • Covers 3 generations
  • Coverage for children up to 18 years old
  • Coverage includes protect them against major cancers, severe dementia, and Parkinson’s disease for parents
  • No medical examination required for all 3 generations

HL Assurance Early Protect 360

Another standout when it comes to the best critical illness insurance Singapore is the HL Assurance Early Protect 360. This critical illness policy is perfect for Singaporeans who want to ensure they are protected even from the early stages of critical illnesses that are related to stroke, the heart, and cancer. Your coverage for this insurance continues even after your early-stage payout.

When you get an early-stage diagnosis, you can get a 30% acceleration payout to help offset the cost of medical bills and your living expenses.

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Another major feature of this critical insurance cover is free medical teleconsultation. With this perk, you can get your health checked even without stepping out of your home. You just need to open your app and you’re all set. Right after answering the health declaration, you can immediately get covered.

For the current promotion of this critical illness insurance Singapore, you can get covered for as low as S$0.35 per day (10% off) and enjoy immediate protection up until age 75 with no medical examination required. You can also get 3 months’ free coverage and enjoy teleconsult. Additionally, you can get up to S$100 vouchers. All you need to do is use the code “SAVE3WITHEP.” Promo is valid only until 31 December 2022.

Want to get insured by this best critical illness insurance Singapore? Check out this page.

FWD Big 3 Critical Illness

If you’re looking for the best critical illness insurance with basic coverage, look no further. This critical illness insurance is more extensive than regular cancer insurance (even early stages) since it also includes heart attacks and stroke.

This critical illness plan starts at only S$18 per month. For this low amount, you can be protected and enjoy peace of mind.

Just like other best critical illness insurance Singapore choices, you may add more coverage for a price. For example, you may add 24 other conditions that affect heart and brain functions.

One great thing about this best critical illness insurance Singapore is that you’ll receive a 100% lump sum cash payout. When buying this insurance, you also don’t need to do a medical examination. You just need to answer a health declaration form.

You may choose from S$50,00, S$100,000, or S$200,000. This insurance also offers guaranteed renewal up to the age of 85. You may also receive a complimentary S$5,000 lump sum benefit if you develop side effects due to the COVID-19 vaccine.

Get your quote for this best critical illness insurance Singapore here.

Singlife Multipay Critical Illness

This Singlife with Aviva Critical Illness Plan, formerly known as MyMultiPay Critical Illness Plan IV, is an incredible critical illness policy that provides multiple payouts for various stages of medical conditions and critical illness.

You can receive a total payout of 900% of your assured sum. You can also stop paying premiums after you’ve got at least 300% of your sum assured.

Holders of this critical illness policy have the option to access their funds earlier if they want to turn their recurrent critical illness benefit into an extra payout.

With this critical illness cover, you’re sure that you’re supported at every stage of your health journey. This way, you can focus more on your recovery.

For this plan, you can choose your coverage period from 10 years, until you’re 99 years old. It also provides comprehensive cover for 132 conditions across different stages (early, intermediate, and severe) of critical illness, as well as specified recurrent critical illnesses.

You can also get a payout for special conditions equivalent to 20% of your sum assured (up to S$25,000 per life, per condition) for tumours, intensive care, and special benefit (27 covered conditions).

Additionally, this best critical illness insurance Singapore also covers a posthumous lump-sum payout for your family worth S$5,000. This plan starts at S$88 per month.

Interested in this best critical illness insurance Singapore? Click here.

Tiq 3 Plus Critical Illness

If your main priority is to ensure the quality of life of your family if you lose your income due to an illness, this best critical illness insurance Singapore is worth considering.

This critical illness cover includes all stages of cancer, stroke with neurological deficit, and heart attack (specified severity). You can get S$30,000 to S$300,000. Furthermore, it also includes a S$20,000 death benefit not only for you but also for your children.

Another feature that makes this multiple critical illness insurance stand out is the Special condition benefit which gives an additional 20% for Severe Rheumatoid Arthritis, as well as complications related to Diabetes.

This plan is also very affordable, with premiums as low as S$0.24 per day. However, it’s still best to top up this critical illness insurance Singapore to get better coverage, especially if you want to include 24 conditions that affect your brain and heart.

This policy is renewable until you turn 85. Those up to age 70 can apply for this.

If you sign up for this best critical insurance, you can enjoy up to 50% off for your first 3 years by answering a simple health declaration (valid until further notice). You can also earn up to S$50 when you refer a friend.

Check out the Tiq 3 Plus Critical Illness to get a quote.

Great Family Care Critical Illness Family Insurance

This is the first multi-generational Critical Illness term plan in the country and it’s an amazing option for those who don’t want to cover themselves, but also their family.

This best critical illness insurance Singapore covers not only critical illness, but also death, terminal illness, and permanent disability. It also provides your children (up to 18 years old) with protection against juvenile conditions and critical illness. If your children are diagnosed with any of the covered conditions of this critical illness policy, you will receive a 25% lump sum payout, up to S$50,000 per child. This doesn’t affect your coverage in any way.

If you want to include your parents in this critical illness cover, you can enhance your coverage for your critical illness plan. Just add the Parent Protect Rider. This will insure them without any

medical assessment needed. This rider will also protect them against major cancers, severe dementia, and Parkinson’s disease. You will receive a lump sum payout after the first claim.

This plan starts at S$103 per month.

If you want to get yourself, your children, and your parents insured with this critical illness insurance, visit this page.

Frequently Asked Questions

Still got questions about the best critical illness insurance Singapore? We’ll discuss them below.

Is critical illness insurance necessary in Singapore?

Absolutely. Critical illness can be extremely expensive so you need something to protect you from the financial losses you may incur.

How much does critical illness cost in Singapore?

Your premium for critical illness insurance Singapore depends on your age, habits, and current health condition.

Is it worth buying critical illness cover?

Yes. The premiums for critical illness cover are extremely affordable.

What is not covered by critical illness insurance?

Your critical illness plan does not cover chronic illnesses such as diabetes or asthma unless it’s stated in the critical illness policy.

A Word From OMY

In most cases, health concerns don’t come with a warning. This is why you need to do everything you can to protect yourself from the financial losses that come with critical illnesses. Now that you know the best critical illness insurance Singapore providers, you can finally make a more informed choice on what policy is perfect for you.

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