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AIA Power Critical Cover: Comprehensive Protection Against Life's Uncertainties
Have you ever wondered what would happen if you or a loved one were diagnosed with a critical illness? It's a sobering thought, but one that's important to consider. AIA Power Critical Cover is designed to provide extensive protection against multiple critical illnesses, from early stages to potential relapses. Let's dive into the details of this comprehensive plan and see how it can offer you peace of mind.
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What is AIA Power Critical Cover?
AIA Power Critical Cover is a critical illness insurance plan that goes above and beyond traditional coverage. It's designed to support you financially through every stage and outcome of critical illnesses , from the detection of chronic conditions to the diagnosis of major illnesses, and even in the face of relapses or different critical illnesses.
Key Features That Set AIA Power Critical Cover Apart
Wide Coverage for 175 Conditions
Covers 10 pre-early conditions , including chronic diseases and cardiovascular issues. Protects against 150 multi-stage critical illnesses. Includes 15 special conditions like osteoporosis and severe gout.
Power Reset Benefit
Restores 100% of your coverage amount 12 months after each claim . Allows multiple claims up to 500% of your coverage amount.
Power Relapse Benefit
Provides up to 200% coverage for relapses of the same critical illness . Covers re-diagnosed major cancer, recurred heart attacks or strokes, and repeated major organ transplants.
Guaranteed Cash Value
Choose between two plan options: a) Value Plan (coverage up to age 75) b) Life Plan (coverage up to age 100 with maturity and surrender benefits).
Value-Added Services
Access to personalized medical support through Medix. Telemedicine consultations for convenience.
Real premiums suggested for AIA Power Critical Cover
22, Female making $2,300 a month
Age | What suggestion covers | Premium |
---|---|---|
22, Female making $2,300 a month | sum assured $750,000 late stage ci $150,000 early stage ci $150,000 | $85.18 |
How Does AIA Power Critical Cover Work?
Pre-Early Benefit
Pays 10% of your coverage amount (up to S$10,000) for chronic diseases. Covers conditions like Type 2 Diabetes and certain cardiovascular issues.
Early and Intermediate Stage Critical Illness
Pays 100% of your coverage amount for early and intermediate stage diagnoses . Covers a wide range of conditions from early-stage cancers to heart-related issues.
Major Stage Critical Illness
Pays 100% of your coverage amount for major stage diagnoses . Includes severe conditions like advanced cancer, heart attacks, and strokes.
Special Condition Benefit
Pays an additional 20% of your coverage amount (up to S$25,000) for 15 special conditions. Includes conditions like severe rheumatoid arthritis and diabetic complications.
Power Reset Benefit
Restores your coverage to 100% after 12 months from your last claim . Allows you to claim up to 500% of your original coverage amount.
Power Relapse Benefit
Provides up to 200% additional coverage for relapses of specific critical illnesses . Applies to conditions like re-diagnosed major cancer or recurred heart attacks.
Real-Life Scenario
Let's look at how this plan could work for someone like David:
- At age 35, David purchases the AIA Power Critical Cover Life Plan with a coverage amount of S$100,000.
- At age 40, David is diagnosed with Type 2 Diabetes. He receives a Pre-Early Benefit payout of S$10,000 (10% of his coverage amount).
- At age 45, David is diagnosed with Early Stage Lung Cancer. He receives an Early Critical Illness payout of S$100,000 (100% of his coverage amount).
- At age 47, David's coverage is automatically restored to S$100,000 due to the Power Reset Benefit.
- At age 50, David is unfortunately diagnosed with Major Stage Lung Cancer. He receives another S$100,000 payout due to the Power Relapse Benefit.
- At age 52, David's coverage is again restored to S$100,000.
- At age 55, David is diagnosed with severe osteoporosis. He receives a Special Condition Benefit payout of S$20,000.
In this scenario, David has received total payouts of S$330,000, which is 330% of his original coverage amount, and still maintains S$100,000 of coverage for future claims.
Pros and Cons
Pros
Extensive coverage for a wide range of conditions
Multiple claim capability with Power Reset and Power Relapse benefits
Coverage for early to advanced stages of critical illnesses
Value-added services like telemedicine and personalized medical support
Guaranteed cash value options
Cons
Premiums may be higher compared to basic critical illness plans
Waiting periods apply between claims
Coverage amount reduces by 50% after age 75 for most benefits
How Much Does It Cost?
The cost of AIA Power Critical Cover varies based on factors like your age, gender, smoking status, and the coverage amount you choose. It's best to consult with an AIA Financial Services Consultant for a personalized quote.
Additional Benefits
Death Benefit
100% of your coverage amount, less any critical illness benefits paid
Compassionate Benefit
Additional S$5,000 payout upon death
AIA Vitality Integration
Up to 15% discount on premiums for maintaining a healthy lifestyle
Optional Riders
Early Critical Protector Waiver of Premium II
Waives future premiums if you're diagnosed with any of 149 covered conditions
Early Critical Protector Payor Benefit II
Waives premiums for your child's plan if you're diagnosed with a critical illness, disabled, or pass away
Payor Benefit
Waives premiums for your child's plan if you're disabled or pass away
Frequently Asked Questions
Can I change my coverage amount later?
It's best to choose the right coverage from the start, but you can discuss adjustment options with your AIA consultant.
What's not covered by this plan?
Like most insurance policies, there are exclusions such as pre-existing conditions and self-inflicted injuries.
How does the AIA Vitality program work with this plan?
AIA Vitality is a wellness program that rewards healthy behaviors. You can earn discounts on your premiums by maintaining a healthy lifestyle.
Can I add this coverage to an existing AIA policy?
This is a standalone plan, but you can discuss complementary coverage options with your AIA consultant.
How do claims work for multiple critical illnesses?
The Power Reset and Power Relapse benefits allow for multiple claims, subject to waiting periods and specific conditions.
Conclusion
AIA Power Critical Cover offers a comprehensive shield against the financial impact of critical illnesses. Its unique features like the Power Reset and Power Relapse benefits provide an extra layer of protection that goes beyond traditional critical illness plans. While it may come at a higher premium, the extensive coverage and multiple claim capabilities offer valuable peace of mind.
Remember, the best insurance plan is one that fits your specific needs and budget. If you're considering AIA Power Critical Cover or any other critical illness protection, it's crucial to get personalized advice.
Ready to explore your critical illness protection options? Don't rely on just one perspective. Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on critical illness coverage. These professionals will review your specific needs and provide personalized recommendations, helping you make the most informed decision possible.
By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best protection for you and your loved ones. Don't leave your future to chance – get the expert advice you deserve today.
- 👉 AIA Power Critical Cover: Comprehensive Protection Against Life's Uncertainties
- 👉 What is AIA Power Critical Cover?
- 👉 Key Features That Set AIA Power Critical Cover Apart
- 👉 How Does AIA Power Critical Cover Work?
- 👉 Real-Life Scenario
- 👉 Pros and Cons
- 👉 How Much Does It Cost?
- 👉 Additional Benefits
- 👉 Optional Riders
- 👉 Frequently Asked Questions
- 👉 Conclusion
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