Critical Illness Insurance

Critical Illness Insurance in Singapore

Critical Illness Insurance is necessary for everyone, including expatriates living in Singapore. You may consider yourself to be a healthy individual with little to worry about but acquiring a critical illness insurance cover can ensure that your loved ones are protected from the financial impact of your sudden ailment or death.

The rationale behind attaining critical illness insurance - especially in Singapore where healthcare costs are high - is that it safeguards you and your loved ones. Major diseases and illnesses can be contracted and can progress in ways that are unexpected and unpredictable, catching us off guard. Heart disease, heart attacks, cancer and kidney failures are all considered to be critical illnesses that can rack up staggering medical bills without the right insurance plan in place if you live in Singapore. Common conditions like diabetes, if left unmanaged, increases risk of kidney failure, heart disease and heart attack.

Highlights include:

  • Guaranteed lump sum payout
  • 36 Critical Illnesses covered
  • Early stage Cancer cover available
  • Option to purchase multi claim policy

Critical illness insurance policies in Singapore provide the financial security you need in the event you become seriously ill.

Most insurance plans do not automatically cover you in the case of a critical illness. Critical illness policies such as early cancer insurance can be bought as a standalone policy or as a rider in conjunction with other insurance plans in SingaporeCall us today to speak about acquiring a Critical Illness insurance cover.

How Does A Critical Illness Insurance Protection Scheme Work?

Critical Illness Insurance schemes pay a lump sum either when you are first diagnosed with a critical illness (as defined by the policy), or after having a type of surgery covered by the policy. The payout from the policy money is tax-free and can be used in any way you prefer to. When you take up a critical illness insurance policy in Singapore, you can decide how long the term of your policy coverage will be and the sum assured.

If you have any questions, contact us for a discussion and our team will answer any questions that you have. We understand that everybody has different needs. Hence, at Expat Insurance, we’ll work with you to design a critical illness insurance package that suits your circumstances living and working in Singapore.

The types of critical illnesses covered vary from one insurer to another. But most major illnesses and types of surgery are covered by almost all policies.

The critical illness insurance will include major ailments such as:

  • Major cancers
  • Heart attack
  • Coronary artery bypass surgery
  • Stroke and kidney failure
  • Parkinson’s disease
  • Major head trauma
  • Major organ transplantation 

How Much Will The Plan Cost Me?

Depending on your age and medical history, the costs of taking up a critical illness insurance plan in Singapore will vary. Speak to us today and our dedicated consultants will work with you directly to tailor a critical illness insurance package relevant to your needs in Singapore.

Insure Your Loved Ones When You Buy A Critical Illness Insurance Cover

Seeking medical treatment is expensive in Singapore. Having a conversation about the potential costs you and your family could incur in the event of a critical illness is necessary to prevent a major hurdle in the future. Planning for the future and putting in the required critical illness insurance needs early in Singapore can protect you and your loved ones in the event of major illnesses or death.

Have questions? Leave your details and enquiries here and we will be happy to get back to you.

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Free Guide: Critical Illness and Term Life Insurance in Singapore

Get A Free Quote for Critical Illness Cover

If you are unsure as to what will happen if your family’s main source of incomes fall sick, give us a call on +65 6439 8029. You can also leave your details below and we will get tin touch as soon as possible.

Frequently Asked Questions About Critical Illness Insurance

Why do I need critical illness insurance? 

Critical illness insurance provides you with a financial safety net in the event we are diagnosed with a critical illness, such as major cancer, stroke, kidney failure or Parkinson’s disease. Your insurance provider pays out a lump sum and hence, you will be protected from having to supplement large hospital bills or the cost of long-term treatment.

When diagnosed with a debilitating disease, it might be difficult to hold on to a full-time job and you could experience a loss of income. Critical illness insurance serves to tide you through this time by providing a sum adequate enough to cover your basic needs, such as mortgage payments, food and electricity.

Do I need critical illness insurance if I have hospital insurance? 

Hospital and surgical insurance covers you specifically for any medical expenses incurred while you are warded at the hospital and for any subsequent outpatient treatment required. Critical illness insurance, however, is meant to provide coverage for a long-term disease through a lump sum payment.

Being diagnosed with a critical illness can mean multiple visits to the hospital, expensive medical tests and several costly treatments, over the course of an average of five years. Hospital insurance is insufficient to cover these exorbitant medical fees.

Why consider Expat Insurance when buying critical illness insurance? 

Expat Insurance is an experienced insurance provider based in Singapore that will guide you through the process of selecting the right critical illness insurance package. With over 2000 products to choose from, our financial advisors can customise a plan that strikes a balance between comprehensive coverage and affordable premiums. Speak to us now.

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Corporate enquiries:
+65 6439 8026
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Individual enquiries:
+65 6401 9201
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