3 Plus Critical Illness
3 Plus Critical Illness
Facts about Critical Illness in Singapore
1 In 4 Or 5 Singaporeans
get diagnosed with a critical illness in their lives1. Don’t let critical illness set you back from your aspirations and retirement goals.
More Than 90% Of Severe Stage Critical Illness Claims
come from five conditions2. This includes major cancer, heart attack of specified severity, and stroke with neurological deficit.
Higher Critical Illness Survival Rates
Medical advancements have increased critical illness survival rates3 – You may want to consider preparing for the cost of surviving a critical illness.
100% Payout
Paid to you in a lump sum that you can use on medical and living expenses.
No Medical Examinations
Save time on medical exams. Pass 3 health questions to qualify. Your family history doesn’t matter to us.
High Coverage of Up to $300,000 Sum Insured
Choice of coverage from S$30,000 - S$300,000. Get this as your first critical illness plan or as added coverage.
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Enter any amount from S$30,000 to S$300,000
The Basic Financial Planning guide recommends Critical Illness protection equivalent to 4x your annual income. Learn more
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What Does Tiq 3 Plus Critical Illness Cover?
| Conditions Covered | Tiq 3 Plus Critical Illness |
|---|---|
| Cancer (Early, Intermediate and Severe Stage) | |
| Heart Attack (Severe Stage) | |
| Stroke (Severe Stage) | |
| Diabetic Complications4 | |
| Severe Rheumatoid Arthritis4 | |
| Heart and Neurological Disorders (Optional Rider) |
Yearly Renewable Coverage Up To Age 85
No medical examinations required to have your coverage renewed every year up to age 85. Whether you’re 18 or 70, you can buy Tiq 3 Plus Critical Illness if you pass 3 simple health questions.
Death Coverage Included
Tiq 3 Plus Critical Illness also provides S$20,000 lump sum benefit for your loved ones in the event of your death. This death benefit extends to you and up to 4 of your children5.
Expand Your Heart & Neurological Coverage
Our optional Heart & Neurological Disorder Rider gives you greater coverage. It goes beyond severe stage heart attacks and strokes.
When Does a Standalone Critical Illness Plan Make Sense
Expand On Your Cancer Coverage
Does your current critical illness rider cover early or intermediate stages of cancer? If not, you can get a standalone critical illness plan that covers those stages.Increasing Your Sum Insured for Critical Illness
Your needs for critical illness coverage has grown. But the sum insured for critical illness is tied to your base life insurance. You can get a standalone plan to increase your sum insured for critical illness.Family History of Specific Critical Illnesses
Due to family history, you would like to increase your coverage for specific critical illnesses like stroke, cancer, heart attack, neurological and heart disorders. Get covered for those conditions at a fraction of the cost. Plus, you don’t need to go for a medical examination6.
Example Scenario For
Rachel’s Background
Rachel recently got promoted and her salary has increased. While reviewing her finances, she realised that she does not have critical illness coverage. Her parents are going to retire and these are her concerns:- Her father has a history of stroke
- She is concerned about wiping out her savings due to critical illness and affecting her parents’ retirement.
- With rising medical and living expenses, she considers a standalone critical illness plan.
- She doesn’t want her family history of stroke to increase her premiums.
Kelvin’s Background
Kelvin has 2 kids aged 6 and 12. He is also supporting his retired parents. Kelvin’s job is in a fast-paced environment and he needs to work long hours. Here are his concerns:- He worries about his risk of heart attack or cancer.
- The financial sacrifices his family may have to make if he suffers from a critical illness.
- He is concerned about wiping out his savings due to critical illness, affecting his children’s education fund. He needs to increase his coverage in view of his increasing family expenses.
Sebastian’s Background
Sebastian and his wife are in their 50s. His children are already in the workforce and these are his concerns:
- Some friends at his age have gotten health issues like heart attack, stroke and cancer.
- Critical illness will eat into his retirement funds.
- He doesn’t want to burden his children.
- With inflation in mind, he wants to plug gaps in his current protection plans with additional coverage.
What if he gets diagnosed with colon cancer at the age of 47?
Here’s how Tiq 3 Plus Critical Illness gives him a peace of mind.
Age
Kelvin Buys Tiq 3 Plus Critical Illness Insurance With S$300,000 Sum Insured.
He reviews his financial responsibilities towards his family and covers himself for $300,000.
He Is Diagnosed With Colon Cancer.
He claims a lump sum of S$300,000. His wife becomes the sole breadwinner as he fights against cancer. The pay-out goes towards caregiving expenses, living expenses, and timely mortgage payments. This reduces the financial pressure on his wife to make ends meet on her salary.
He Survives Colon Cancer.
After 5 years, he survives Colon Cancer, resumes work, and was still able to provide for his children’s education.
He is diagnosed with coronary artery disease at 57.
Here’s how Tiq 3 Plus Critical Illness allows him to seek treatment at a private hospital.
Age
Sebastian Buys Tiq 3 Plus Critical Illness Insurance With S$100,000 Sum Insured And Adds On The Heart & Neurological Disorder Rider.
He adds the Heart & Neurological Disorder Rider to enhance his coverage for heart and neurological disorders. This is on top of his coverage for heart attack, stroke, and all stages of cancer.
He Is Diagnosed With Coronary Artery Disease.
The Heart & Neurological Disorder rider covers Coronary artery disease. He claims a lump sum of S$100,000. He has a hospitalization plan that covers majority of the treatment costs at a private hospital of his choice. He uses the pay-out on out-of-pocket expenses. He also continues paying for his insurance savings plans without worrying about his retirement nest egg.
He Retires Officially.
He recovers and manages his condition with lifestyle changes and medication. There was minimal impact to his financial commitments and retirement plan.
She suffers a stroke when she's 34.
Here's how Tiq 3 Plus Critical Illness
provides her with financial support.
Age
Rachel Purchases Tiq 3 Plus Critical Illness Insurance With S$250,000 Sum Insured.
This is 3.9X her annual salary, the recommended coverage based on the 2022 Protection Gap Study7 by the Life Insurance Association (LIA) Singapore.She Survives A Stroke And Undergoes Rehabilitation.
She claims a lump sum of S$250,000. She leaves her job to focus on recovery. The pay-out goes towards her own living and caregiving expenses. She also uses a part of the pay-out to make improvements and modifications to her home. She uses another part of it for any rehabilitation treatment that isn’t covered by medical insurance.She Recovers And Works On Regaining Her Confidence
With enough coverage, she is less stressed about returning to work. Her confidence in her abilities has taken a hit post stroke as she is still recovering. She uses the pay-out for private therapy as she looks for a suitable role and re-enter the workforce.Easy and Convenient Claims Process
We make claims easier, allowing you to focus on what matters most.
Download the Tiq by Etiqa App
Create your account in minutes.
Submit your claim and supporting documents
Login to your account and submit them via the Tiq by Etiqa App.
Sit back and let us do the heavy lifting
Our claims assessor will review your claims.
Your claims are ready
Once your claim is successfully approved, you will be notified via SMS and/or email.
Useful Information
Product Summaries
3 Plus Critical IllnessPolicy Contracts
Helpful Resources
Frequently Asked Questions
- You want to focus on major health threats and most commonly claimed conditions.
- You have a family history of specific conditions like stroke, cancer and heart attack.
- You already have existing coverage, but want more financial support for most claimed critical illnesses.
- Your financial commitments have increased and you’d like to safeguard your family’s financial security in event of a critical illness with additional coverage.
Useful Information
See What Our Customers Say
Featured Articles
Cancer Insurance vs Critical Illness Plan: Which One Do You Need?
Can You Get Critical Illness Cover without Medical Checks?
1National Registry of Diseases (NRDO) – “Singapore Cancer Registry 50th Anniversary Monograph 1968 – 2017”, published in 2017”
2The Straits Times – “Life insurers to change definitions of critical illness”, published in 2019
3Channel News Asia – “Controlling Cancer like a Chronic Disease”, published in 2022
4Diabetic Complications and Severe Rheumatoid Arthritis (SRA) are special conditions covered under Tiq 3 Plus Critical Illness. Upon diagnosis of a covered special condition, 20% of the Sum insured will be paid in one lump sum. Each special condition can only be claimed once under this Benefit regardless of the number of times this policy is being renewed. Maximum of S$25,000 per Life insured per special condition. Terms and conditions apply.
5Upon death of the Life insured during the policy term, We will pay S$20,000 in one lump sum. Policy ends when this payment is made. Complimentary cover of S$20,000 per child for up to (4) children in the event of the child’s death. Capped at S$20,000 per child regardless of the number of policies the Life insured has with Us. Terms and conditions apply.
6Provided you are eligible to apply for Tiq 3 Plus Critical Illness and pass the 3 health questions and have no pre-existing conditions.
7Life Insurance Association (LIA) – “2022 Protection Gap Study – Singapore”, published in 2023
Age means the age at next birthday.
This policy is underwritten by Etiqa Insurance Pte. Ltd. This content is for the reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract. The information contained on this product advertisement is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore. You should seek advice from a financial adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you. As this product has no savings or investment feature, there is no cash value if the policy ends of if the policy is terminated prematurely. 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 us or visit us the Life Insurance Association (LIA) or SDIC web-sites (www.lia.org.sg or www.sdic.org.sg). This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as of 21 October 2024.
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