The Gen XY Lifestyle

Etiqa Insurance Singapore launches Essential Critical Secure

By  |  0 Comments

Etiqa Insurance Singapore has launched a new Critical Illness (CI) plan, Essential Critical Secure, an innovative plan that offers comprehensive protection against 111 CI and mental health conditions across multiple stages of illnesses.

Bridging the protection gap

Statistics reveal that many Singaporeans remain under-protected against CI, with an average CI protection gap of 74 percent. With medical costs on the rise, there is an urgent need for robust insurance solutions that can shield individuals from the financial strain associated with CI.

Essential Critical Secure aims to bridge this gap with its first-in-market feature, the Continuous Care Benefit. This unique feature provides monthly cash payouts of up to 200 percent of the original sum insured, in addition to a 100 percent lump sum payout upon a severe stage CI claim.

This continuous financial support goes beyond the conventional lump sum payout upon diagnosis, offering much-needed financial relief during challenging times.

Essential Critical Secure

Prioritising mental health

In alignment with Singapore’s commitment to prioritise mental health and well-being, Essential Critical Secure extends its coverage to include financial support for mental health conditions.

The plan provides coverage for psychiatrist consultations upon the diagnosis of Mild Depression or Generalised Anxiety Disorder after the first policy year.

Additionally, an accelerated lump sum benefit of 20 percent of the sum insured will be paid out upon the diagnosis of any one of the five covered severe mental health conditions.

Key features of the Essential Critical Secure plan

  • Comprehensive CI Coverage: Protection against 104 medical conditions across early, intermediate, and severe stages.
  • Continuous Care Benefit: Additional monthly cash payout of 1 percent of the sum insured upon the diagnosis of any of the 36 covered severe stage CIs for up to 200 percent of the original sum insured.
  • Support for Mental Well-being: Benefits across seven mental health conditions.
  • Lump Sum Payout: Accelerated payout of 50 percent of the sum insured upon the diagnosis of early and intermediate stages of a covered CI and payout of 100 percent of the sum insured upon the diagnosis of a covered severe stage CI.
  • Premium Waiver Benefit: All future premiums are waived upon the diagnosis of a covered early- or intermediate-stage CI.
  • Affordable Premiums: Coverage of SGD 100,000 CI Benefit and up to SGD 200,000 of Continuous Care Benefit at just SGD 0.86 per day.
Essential Critical Secure

More information about the CI plan can be found at their website.

Images taken from the Etiqa Insurance Singapore website, and attributed to them.