Critical Illness

My MultiPay Critical Illness Plan

Alternatively, speak to your personal financial adviser now.  

Now more so than ever, we have more options to protect ourselves against illnesses and disease. In this age of information, people have gained greater awareness and access to better healthcare, enabling doctors to detect more serious illnesses sooner.

Sadly, some diseases strike when least expected and can happen to the most health–conscious and fittest of individuals.

Cancer is one of the most common ones that can entail expensive tests, surgery, treatment and therapy. Worse still, it is something that can recur over and over again, even long after remission.

Fortunately, advancements in medical technology also mean that early detection leads to higher probability of recovery if the patient can afford to undergo the recommended treatment.

Along with preventative action, we think that our customers can empower themselves with a plan that can pay for all the necessary early–stage treatments as well as fund medical costs that occur at later stages when there is an unfortunate relapse.

Introducing My MultiPay Critical Illness Plan.

My MultiPay Critical Illness (CI) Plan is designed to give you the certainty that you will receive a lump sum payout to undergo treatment and manage expenses if diagnosed with Early or Intermediate Stage CI such as cancer. Upon diagnosis of Severe Stage CI, you will get additional payouts. And should cancer recur – a family common occurrence for such diseases, you will get further payouts.

My MultiPay Critical Illness Plan


Key Benefits:

  • Provides you with up to 5 lump sum payouts upon diagnosis of Critical Illnesses (CI) across Early, Intermediate or Severe Stages including up to two payouts if re–diagnosed with cancer1
  • Gives a total benefit payout of up to 500% of the chosen Sum Assured1

    MyMultiPay CI Key Benefits

    *The Cis claimable under Early or Intermediate Stage are grouped into 3 categories. They are:
    Group 1: for Early Cancer and illness relating to major organs
    Group 2: for Heart–related illnesses
    Group 3: for Illnesses related to the nervous system and other systemic conditions
    You can make one claim from each group (up to a maximum of two claims) if you are diagnosed with CI(s) that falls under Early or Intermediate Stage.
    Waiting period applies. Please refer to the Product Summary for details.


Other benefits include:

  • Special Benefit7 – an additional 20% of your Sum Assured is payable upon diagnosis of any one of 18 conditions such as diabetes
  • Choice of coverage term ranging from 10 years to 99 age (age next birthday)
  • Lump sum payout of S$5,000 (or equivalent currency) in the event of death
  • Choice of currency: SGD, USD, GBP, EUR, AUD and HKD
  • Have all your future premiums waived upon diagnosis of Severe Stage CI


Footnotes

  1. Terms and conditions apply. Please refer to the Product Summary for details.
  2. If the Life Assured is first diagnosed to be suffering from any one of the CI listed under Early or Intermediate Stage of CI, 100% of the Sum Assured for each group will be payable in one lump sum. A claim may be made only once from each group up to a maximum of two (2) claims. The 2nd claim may be made only after a waiting period of 30 days between the date of the 1st and 2nd diagnoses of Early or Intermediate Stages of CI conditions.
  3. If the Life Assured is diagnosed to be suffering from any one of the Severe Stage CI listed under this benefit, 300% of the Sum Assured less any Early and / or Intermediate Critical Illness claims paid previously will be payable in one (1) lump sum. Once a claim is made on Severe Stage CI benefit, the Life Assured cannot claim on diagnosis of Early or Intermediate Stages of CI.
  4. Re–diagnosed Cancer means cancer for which any of the following conditions are met:

    1. The Major Cancer persists for more than two (2) years since first diagnosis;
    2. The Major Cancer relapses, that is, though recovered temporarily (remission), the same Major Cancer recurs at the same organ as the preceding Major Cancers;
    3. Metastasis of the preceding Major Cancer to other parts of the body; or
    4. New Major Cancers is unrelated to the preceding Major Cancers.

    Re–diagnosed Cancer must be confirmed by a Specialist on the basis of histopathological diagnosis. Clinical Re–diagnosis of Cancer can only be adopted if histopathological diagnosis is medically not possible; in which case, the Life Assured must have documented proof or record from a certified oncologist of ongoing cancer therapy (including but not limited to radiotherapy or chemotherapy or surgery). Ongoing preventive cancer therapy (including but not limited to Tamoxifen or raloxifene) will not be accepted as a basis of clinical re–diagnosis.

  5. Upon diagnosis of Major Cancers or Re–diagnosed Cancer, 100% of the Sum Assured will be payable in one (1) lump sum. There is a two (2) years waiting period between Major Cancers and 1st Re–diagnosed Cancer; and between Severe Stage CI and Major Cancers. This layer can only be claimed once. The Policy continues to remain in force after this payout is made.
  6. This layer pays 100% of the Sum Assured in one (1) lump sum. There is a two (2) years waiting period between 1st Re–diagnosed Cancers and 2nd Re–diagnosed Cancers; and between Major Cancers and 1st Re–diagnosed Cancer. For claims for Re–diagnosed Cancer following Major Cancer, the waiting period is from the date of diagnosis of Major Cancers. For claims for Re–diagnosed Cancer following 1st Re–diagnosed Cancer, the waiting period is from the date of documentary proof of 1st Re–diagnosed Cancer. This layer can only be claimed once. Once this payout is made, the Policy terminates.
  7. If the Life Assured is diagnosed with any one of the conditions listed in the Product Summary, an additional 20% of the Sum Assured (capped at S$25,000 per life per condition) of the Policy will be payable. Upon a claim of this Special Benefit, the Policy remains inforce. The payout of this Special Benefit does not reduce the CI Benefit Sum Assured or the Death Benefit. Each condition can only be paid once and a maximum of six (6) claims can be made under the Special Benefit.

 

The policy is underwritten by Aviva Ltd.

This is published for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. A copy of the Product Summary may be obtained from Aviva Ltd and the participating distributor’s offices. You should read the Product Summary before deciding whether to purchase the policy. You may wish to seek advice from a financial adviser, before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.

Buying a life insurance policy is a long-term commitment. Early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid. This brochure is not a contract of insurance. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract.

Information is last updated at Jan 2017.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Aviva Ltd or visit the Life Insurance Association Singapore or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

 

My MultiPay Critical Illness Plan

My MultiPay Critical Illness Plan Brochure

Please contact your preferred financial adviser representative for a copy of the relevant Product Summary/ies.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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