Critical Illness

Critical Illness Guide

Get comprehensive insights into critical illness insurance and understand how it can protect your financial future. Learn about coverage options, benefits, and what to consider when choosing a plan.

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Early Critical Illness Guide

Discover the importance of early critical illness coverage and how it can provide financial support during the initial stages of serious health conditions.

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How Much CI Insurance Do You Need?

Learn how to calculate the right amount of critical illness insurance coverage based on your lifestyle, income, and financial obligations.

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How Much ECI Insurance Do You Need?

Understand the optimal coverage amount for early critical illness insurance and how it complements your overall health protection strategy.

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Buying Insurance with Pre-Existing Medical Conditions in Singapore

Navigate the challenges of obtaining insurance coverage when you have pre-existing medical conditions. Learn about your options and strategies for securing protection.

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How To Choose Critical Illness Insurance

Master the art of selecting the right critical illness insurance with our comprehensive guide covering key factors, features, and decision-making criteria.

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Best Critical Illness Insurance

Explore our curated list of the top critical illness insurance plans in Singapore, with detailed comparisons and expert recommendations.

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AIA Absolute Critical Cover: Comprehensive Protection Against 187 Critical Illnesses

AIA Absolute Critical Cover is a standalone critical illness insurance policy offering protection against 187 critical illnesses , age-related illnesses, and chronic diseases. The plan features multiple benefits alongside riders to boost your protection, making it one of the most comprehensive options in the Singapore market.

Here's an in-depth review of AIA Absolute Critical Cover to help you decide if it's the best product to meet your critical illness protection needs.

My Review of the AIA Absolute Critical Cover

The AIA Absolute Critical Cover is a logical choice for many due to its multipay feature, cash value, and wide range of 187 CIs covered . It's also unique in the sense that you get a surrender value at the end, adjusted for claims – the only policy in the market offering this feature !

Another compelling reason to consider this policy is the premium discount incentives for covering your children – enjoy a 5% or 10% premium discount when you extend coverage to your young ones. Additionally, your premiums don't go to waste thanks to the plan accumulating cash value up till you're 100 years old, which is unique to the AIA Absolute Critical Cover.

Real premiums suggested for AIA Absolute Critical Cover

24, Female making $3,333.333 a month

Coverage:
$30,000
Premium:
$423.66
Read More
Get your own quotes →

Premium Comparison Across Multipay Plans

Premiums are based on a 30-year-old male, non-smoker with a sum assured of $100,000, with a policy term up to age 75. Premiums are paid annually.

PlanPolicy TermAnnual Premiums
AIA Absolute Critical Cover w/ ASCC BoosterUp to 65, 75, or 100$1,999
AIA Beyond Critical Care w/ Early Critical Cover Extra RiderUp to age 85 or 30 years$3,104.80
Tokio Marine MultiCareUp to age 70,75 or 85$1,515
Manulife Ready Complete CareUp to age 75 or 99$1,475
Singlife Multipay Critical Illness PlanFrom 10 years old to 99 years old$1,465
HSBC Life Super CritiCareUp to age 50,55,60, 65, 70 or 75$1,165
FWD Recover FirstFrom 5 years to age 85$1,124

Strengths and Limitations

Key Strengths

  • Comprehensive coverage for 187 conditions - beats every other market policy

  • Unique surrender value feature adjusted for claims - only policy offering this

  • Cash value accumulation up to age 100, unlike most standalone policies

  • Premium discounts for children coverage (5% or 10%)

  • Multiple payout capability with ASCC Booster option

Notable Limitations

  • Higher premiums compared to other market options

  • Type 2 diabetes missing from Chronic Disease Benefit

  • Lower claim limit for multiple CI diagnoses (500% vs 900% from competitors)

  • Premium pricing at the higher end of the market spectrum

Coverage Comparison Table

FeatureAIA Absolute Critical CoverAIA Beyond Critical CareTokio Marine MultiCareManulife Ready Complete CareSinglife MultipayHSBC Life Super CritiCareFWD Recover First
Critical Illness Conditions15043 CIs and 5 Rediagnosed CIs10910613211137
Juvenile Conditions10 conditions18 conditions11 conditions11 conditions
Special Conditions25 Special + 13 Pre-Early10 conditions16 conditions11 conditions10 conditions
Rider EnhancementYes (ASCC Booster)YesYesYes (Cover Me Again)YesYesNo

Policy Criteria and Terms

Basic Requirements

Minimum sum assured: S$100,000 b>Policy Entry Age: 2 weeks to 65 years old b>Policy Terms: Up to 65, 75, or 100 years old

Premium Payment Options

Flexible payment terms including monthly, quarterly, biannual, and yearly payments. Integration with AIA Vitality available for upfront premium discounts and future vitality status-dependent premium discounts.

Core Protection Benefits

Death Benefit

If death occurs while the policy is in force, the death benefit paid is 5% of the insured amount plus surrender value . For a $100,000 policy, the death benefit would be $5,000. The policy terminates after claim payment.

Critical Illness Benefit

Coverage for 150 critical illnesses with payout upon diagnosis. If you survive at least 7 days from diagnosis, you receive up to 100% of the insured amount. Each critical illness stage has specific maximum claim limits ranging from S$25,000 to S$350,000.

Pre-Early Benefits

Three specialized benefits: Benign Tumour Benefit (up to S$25,000), Chronic Disease Benefit (up to S$10,000), and Senior Silver Benefit (up to S$25,000) for age-related conditions starting at 51 years old.

Special Condition Benefit

Covers 25 special conditions including mastectomy, autism spectrum disorder, ADHD, severe COPD, and diabetic complications. Maximum payout of S$25,000 across all ASCC policies.

Additional Features

Safety Net Cover Benefit

If admitted to ICU due to any illness, receive 20% of insured amount up to S$25,000 . Coverage available up to age 65, 75, or 85 depending on your plan maturity.

Maturity Benefit

For coverage up to 100 years old, receive 150% of insured amount at policy anniversary when you turn 100, minus debts and adjusted for previous claims. This functions like cash value in a whole life plan.

Surrender Benefit

For plans up to 100 years old, surrender after 60th anniversary or before 75th birthday for 75% of sum assured minus previous claims . Additional 1% per year after 75th birthday up to 99% of sum assured.

Child Premium Benefit

Enjoy premium discounts when insuring your children: 5% discount for one child, 10% for two or more children . Benefit ceases when child reaches 21 years of age.

Optional Riders

ASCC Booster

Non-participating supplementary benefit with Power Relapse and Power Reset benefits . Offers protection against various critical illnesses in different states and restores CI amount, allowing claims up to 500% of basic policy .

Premium Waiver Riders

Multiple waiver options available: Early Critical Protector Waiver (149 conditions), Critical Protector Waiver (72 late-stage conditions), and Payor Benefit Riders for children's coverage.

Real-Life Illustration: Sam's Journey

Let's follow Sam, who purchased AIA Absolute Critical Cover at age 30, to understand how the policy works in practice:

Age 35: Diagnosed with Severe Obstructive Sleep Apnea - receives Pre-Early Benefit for Chronic Disease of S$10,000

Age 41: Diagnosed with Early Stage Lung Cancer - receives CI payout of S$100,000

Age 44: Admitted to ICU for 4 days - receives Safety Net Cover Payout of S$20,000

Age 45: Coverage automatically resets to S$100,000 (12 months after cancer diagnosis)

Age 47: Suffers heart attack - receives another CI payout of S$100,000

Age 55: Diagnosed with Benign Prostatic Hyperplasia requiring surgery - receives Senior Silver Benefit of S$10,000

With the ASCC Booster benefit, Sam can make multiple CI claims up to age 85 and 500% of the coverage amount .

Is AIA Absolute Critical Cover Right for You?

Despite its pros and cons, you're not likely to find a CI policy that is 100% perfect. However, the AIA Absolute Critical Cover encompasses many aspects, making it a great choice for those seeking comprehensive coverage .

The decision ultimately depends on your priorities: Would you prefer a policy that offers up to 900% in multiple payouts at a more affordable price, or would you choose some form of money back with 500% claims but more conditions covered (187 vs competitors' 100-130) ?

Our first recommendation is to read our best critical illness insurance plans in Singapore to understand available alternatives. This is crucial as you're committing to paying premiums for the next 20 to 30 years.

Get Expert Guidance

Since this is for your ECI/CI coverage, more attention should be given to ensure you're not left uncovered when you need it most. We suggest talking to an unbiased financial advisor for a second opinion on whether the AIA Absolute Critical Cover is best for you.

Don't make this important financial decision alone. Get personalized advice from 5 MAS-licensed financial advisors who can help you compare this plan with other market options and determine the best fit for your specific needs and budget.

Get 5 Expert Opinions on Critical Illness Insurance

Podcast Transcript: AIA Absolute Critical Cover

Read the complete transcript of our expert discussion about AIA Absolute Critical Cover. This detailed analysis covers key features, benefits, and important considerations for potential policyholders.

So, you've landed that first job here in Singapore.

Click above to view the complete podcast transcript (204 sections)

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