Critical Illness

FWD Critical Illness Plus: Comprehensive Protection for Life's Unexpected Challenges

Have you ever wondered what would happen if you were suddenly diagnosed with a critical illness? How would it impact your finances, your family, and your future? These are the questions that many Singaporeans grapple with, and they're the reason why critical illness insurance has become increasingly important . If you're considering FWD Critical Illness Plus insurance, you've come to the right place. Let's break down what this policy offers, how it compares to alternatives, and whether it's the right fit for your needs and budget.

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What is FWD Critical Illness Plus Insurance?

FWD Critical Illness Plus is a comprehensive critical illness insurance plan designed to provide financial protection against a wide range of critical illnesses. Unlike standard health insurance, which primarily covers medical expenses, this policy offers lump sum payouts upon diagnosis of covered conditions . It's designed to complement your existing health insurance, ensuring you have financial support when you need it most.

Key Features That Set FWD Critical Illness Plus Apart

Comprehensive Coverage

Covers 36 critical illnesses at late stages. Includes early stage coverage for cancer, heart attack, and stroke.

Auto-Reload Benefit

After a claim for early stage cancer, heart attack, or stroke, your coverage reloads after 12 months.

Death Benefit

Provides a $20,000 payout in case of death.

Optional Add-ons

ICU Benefit: Provides coverage if you're admitted to the ICU. Premium Waiver Benefit: Waives future premiums after a successful early stage claim. Fracture Care PA: Additional coverage for fractures and burns.

Long-Term Protection

Coverage up to age 85, with a renewable option every 10 years.

Real premiums suggested for FWD Critical Illness Plus

25, Female making $3,786 a month

Coverage:
critical illness
$50,000
Premium:
Not provided
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32, Female making $6,666.667 a month

Coverage:
early ci
$100,000
critical illness
$100,000
Premium:
$[object Object]
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23, Male making $2,500 a month

Coverage:
booster
Power Reset Benefit - claim up to 500% of the Insured amount, Power Relapse Benefit - Maximum payout of 200% of the insured amount
critical illness
$30,000
Premium:
$563.74
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31, Male making $5,000 a month

Coverage:
sum assured
$100,000
total payout
Up to 900% of Sum Assured
illnesses covered
Cover 126 conditions across early, intermediate and severe stages of critical illnesses
critical illness benefit:
total
Up to 800% of Sum Assured
advance
300% of sum assured (one time only)
early intermediate
100% of sum assured
recurrent critical illness
2x 100% of sum assured for specific groups
Premium:
$1,180.7
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29, Male making $20,000 a month

Coverage:
sum assured
$250,000
total payout
Up to 900% of Sum Assured
illness covered
Covers 132 conditions across early, intermediate and severe stages of critical illnesses
critical illness benefit:
total
Up to 600% of Sum Assured
advance
300% of sum assured
early intermediate
100% of sum assured
recurrent critical illness
2x 150% of sum assured for specific groups
Premium:
$2,462.5
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What Does FWD Critical Illness Plus Cover?

Early Cancer, Heart Attack and Stroke Benefit

Pays out 100% of the sum insured if you're diagnosed with early or intermediate stages of cancer, heart attack, or stroke.

Late-stage Critical Illness Benefit

Pays out 100% of the sum insured if you're diagnosed with any of the 36 covered late-stage critical illnesses.

Death Benefit

Pays out $20,000 if you pass away during the policy term.

Auto-Reload Benefit

If you make a claim under the Early Cancer, Heart Attack and Stroke Benefit, your coverage reloads to 100% after 12 months.

Optional ICU Benefit

Pays out 100% of the sum insured if you're admitted to the ICU for at least 5 continuous days with invasive life support.

Optional Premium Waiver Benefit

Waives all future premiums after a successful claim under the Early Cancer, Heart Attack and Stroke Benefit or ICU Benefit.

Optional Fracture Care PA

Provides additional coverage for fractures, burns, and dislocations.

How Much Coverage Do You Get?

The coverage amount depends on the plan you choose. FWD offers multiple plan options, allowing you to select the sum insured that best fits your needs and budget.

How Much Does It Cost?

The cost of FWD Critical Illness Plus depends on several factors, including your age, gender, smoking status, and the coverage amount you choose. FWD offers competitive rates, but it's important to get a personalized quote to understand the exact cost for your situation .

Real-Life Scenarios

Early Stage Cancer Diagnosis

Imagine you're diagnosed with early stage breast cancer. With FWD Critical Illness Plus: You'd receive 100% of your sum insured immediately . Your coverage would reload after 12 months, protecting you against future illnesses. If you have the Premium Waiver Benefit, your future premiums would be waived.

ICU Admission

If you're in a serious accident and admitted to the ICU for a week: With the optional ICU Benefit, you'd receive 100% of your sum insured . This payout could help cover medical expenses, lost income, and other financial needs.

Late-Stage Critical Illness

If you're diagnosed with a late-stage critical illness like kidney failure: You'd receive 100% of your sum insured . This lump sum could help pay for treatment, make necessary lifestyle changes, or provide financial security for your family.

Pros and Cons

Pros

  • Comprehensive coverage for both early and late-stage critical illnesses

  • Auto-reload feature provides continued protection after an early stage claim

  • Optional benefits allow for customized coverage

  • Long-term protection with renewable options

  • Includes a death benefit

Cons

  • Premiums are not guaranteed and may increase over time

  • Waiting period of 90 days for certain conditions

  • Some high-risk activities or pre-existing conditions may be excluded

Important Considerations

  • Waiting Period: There's a 90-day waiting period for certain conditions, including heart attack, cancer, and stroke.

  • Exclusions: Like all insurance policies, there are certain exclusions. These include pre-existing conditions, self-inflicted injuries, and unlawful acts.

  • Premium Rates: The premium rates are not guaranteed and may be adjusted based on future claims experience.

  • Renewability: If you choose the 10-year renewable plan, your policy can be renewed up to age 85, but premiums will increase based on your attained age.

  • Claim Process: To make a claim, you'll need to provide medical evidence and fill out the necessary forms. FWD aims to make this process as smooth as possible.

Conclusion

FWD Critical Illness Plus offers comprehensive protection against a wide range of critical illnesses , with unique features like the auto-reload benefit and optional ICU coverage. Its flexibility in terms of coverage options and long-term protection make it an attractive choice for many Singaporeans. However, as with any insurance decision, it's important to carefully consider your personal health risks, financial situation, and long-term needs before making a choice.

Remember, the best insurance is the one that gives you peace of mind and fits your specific circumstances. If you're considering FWD Critical Illness Plus or any other critical illness plan, it's always wise to consult with a financial advisor who can provide personalized recommendations based on your unique situation.

Ready to explore your options further? Don't rely on just one perspective. Get expert insights tailored to your unique needs. Sign up now to receive 5 expert opinions on critical illness insurance . These professionals will review your specific situation 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 coverage for your needs. Don't leave your financial future to chance – get the expert advice you deserve today.

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